Flying Colours (Textiles) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06169892 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Flying Colours (Textiles) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E Ibrahim

Mrs A Ibrahim

REGISTERED OFFICE:

24 Bloomfield Road

Cheshunt

EN7 6WJ

REGISTERED NUMBER:

06169892 (England and Wales)

ACCOUNTANTS:

Musalar & Co Accountants

International Accountant &Tax Consultant

FAIA, FFA, FIPA,,FFTA

536 Lordship Lane

London

N22 5BY

FIXED ASSETS

Intangible assets

4

16,200

-

Tangible assets

5

459

1,145

Investments

6

20,828

37,487

21,973

CURRENT ASSETS

Debtors

7

15,643

46,738

Cash at bank and in hand

47,380

66,504

63,023

113,242

CREDITORS

Amounts falling due within one year

8

16,046

34,652

NET CURRENT ASSETS

46,977

78,590

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,464

100,563

CAPITAL AND RESERVES

Called up share capital

9

8

Retained earnings

10

84,456

100,555

SHAREHOLDERS' FUNDS

84,464

100,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

Mrs A Ibrahim - Director

1.	STATUTORY INFORMATION

Flying Colours (Textiles) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

18,000

At 31 March 2026

18,000

AMORTISATION

Charge for year

1,800

At 31 March 2026

1,800

NET BOOK VALUE

At 31 March 2026

16,200

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2025

89,873

Additions

573

At 31 March 2026

90,446

DEPRECIATION

At 1 April 2025

88,728

Charge for year

1,259

At 31 March 2026

89,987

NET BOOK VALUE

At 31 March 2026

459

At 31 March 2025

1,145

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

20,828

NET BOOK VALUE

At 31 March 2026

20,828

At 31 March 2025

20,828

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

15,643

35,600

Other debtors

-

11,138

15,643

46,738

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

3,250

17,340

Paye

796

618

Tax

9,044

11,952

VAT

740

3,625

Other creditors

716

1,117

Accrued expenses

1,500

-

16,046

34,652

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary shares class A

1.00

8

92 Ordinary shares class A shares of 1.00 each were allotted and fully paid for cash at par during the year.

10.

RESERVES

Retained

earnings

£

At 1 April 2025

100,555

Profit for the year

37,222

Dividends

(53,321

)

At 31 March 2026

84,456