Company registration number: 01980230
Unaudited financial statements
for the year ended 31 January 2025
for
Colours Ltd
Pages for filing with the Registrar
Colours Ltd
Accountants' Report to the Director for the preparation of the unaudited financial
statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colours Ltd for the year ended 31 January 2025 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Director of Colours Ltd, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Colours Ltd and state those matters that we have agreed to state to them in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colours Ltd and its Director for our work, or for this report.
It is your duty to ensure that Colours Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Colours Ltd. You consider that Colours Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Colours Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
AMR Bookkeeping & Accounts Ltd
4 Spur Road
Cosham
Hampshire
PO6 3EB
United Kingdom
Date: 24 November 2025
1
Company registration number: 01980230
Colours Ltd
Balance sheet
as at 31 January 2025
31 Jan 25 31 Jan 24
Note £ £ £ £
Fixed assets
Tangible assets 4 932 1,166
932 1,166
Current assets
Stocks 51,122 50,973
Debtors 108,092 101,038
Cash at bank and in hand 31,266 146,593
190,480 298,604
Creditors: amounts falling due within one
year 		(57,491) (138,571)
Net current assets 132,989 160,033
Total assets less current liabilities 133,921 161,199
NET ASSETS 133,921 161,199
Capital and reserves
Called up share capital 4 4
Profit and loss account 133,917 161,195
TOTAL EQUITY 133,921 161,199
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 01980230
Colours Ltd
Balance sheet - continued
as at 31 January 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Small, Director
24 November 2025
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Colours Ltd
Notes to the financial statements
for the year ended 31 January 2025
1 Company information
Colours Ltd is a private company registered in England and Wales. Its registered number is 01980230. The company is limited by shares. Its registered office is Unit 2, Lion and Lamb Yard, Farnham, Surrey, GU9 7LL.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property - 20% reducing balance
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Colours Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 4 (2024 - 4).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 February 2024 1,200 10,892 12,092
At 31 January 2025 1,200 10,892 12,092
Depreciation
At 1 February 2024 1,173 9,753 10,926
Charge for year 5 229 234
At 31 January 2025 1,178 9,982 11,160
Net book value
At 31 January 2025 22 910 932
At 31 January 2024 27 1,139 1,166
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Colours Ltd
Notes to the financial statements - continued
for the year ended 31 January 2025
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 January 2025 and 31 January 2024.
31 Jan 25 31 Jan 24
£ £
Mr D Small
Balance outstanding at start of year 73,506 48,495
Amounts advanced - 25,011
Amounts repaid (73,506) -
Balance outstanding at end of year - 73,506
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