Colour Match Print Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03737602 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Colour Match Print Management Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Ball

Mr D J Ball

SECRETARY:

Mr D H Ball

REGISTERED OFFICE:

Dyson Suite

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

REGISTERED NUMBER:

03737602 (England and Wales)

ACCOUNTANTS:

Xitax Limited

Pera Business Park

Nottingham Road

Melton Mowbray

Leicestershire

LE13 0PB

FIXED ASSETS

Tangible assets

4

1,175

5,474

CURRENT ASSETS

Stocks

4,800

9,105

Debtors

111,863

118,622

Cash at bank

21,705

1,143

138,368

128,870

CREDITORS

Amounts falling due within one year

136,695

223,252

NET CURRENT ASSETS/(LIABILITIES)

1,673

(94,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,848

(88,908

)

PROVISIONS FOR LIABILITIES

223

-

NET ASSETS/(LIABILITIES)

2,625

(88,908

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,425

(89,108

)

2,625

(88,908

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 18 June 2019 and were signed on its behalf by:

Mr D J Ball - Director

1.	STATUTORY INFORMATION

Colour Match Print Management 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.

Tangible fixed assets

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

Plant and machinery

-

25% on 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

39,239

Disposals

(36,758

)

At 30 April 2019

2,481

DEPRECIATION

At 1 May 2018

33,765

Charge for year

392

Eliminated on disposal

(32,851

)

At 30 April 2019

1,306

NET BOOK VALUE

At 30 April 2019

1,175

At 30 April 2018

5,474

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2019 and

30 April 2018:

30.4.19

30.4.18

£

£

Mr D J Ball and Mrs J Ball

Balance outstanding at start of year

26,478

13,801

Amounts advanced

78,345

20,230

Amounts repaid

(32,330

)

(7,553

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,493

26,478

The outstanding balance was paid by the directors within 9 months of the year end. Interest has been

charged at the official rate.