Colourhouse Universal Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10212923 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

COLOURHOUSE UNIVERSAL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Cunliffe

B M Davies

G T Davies

B Rogerson

G J Tarpey

V Whittaker

REGISTERED OFFICE:

Unit C1 9-11 Swan Lane

Hindley Green

Wigan

Greater Manchester

WN2 4HD

REGISTERED NUMBER:

10212923 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

8,023

2,419

CURRENT ASSETS

Debtors

5

21,600

21,656

Cash at bank and in hand

8,748

21,331

30,348

42,987

CREDITORS

Amounts falling due within one year

6

9,410

11,939

NET CURRENT ASSETS

20,938

31,048

TOTAL ASSETS LESS CURRENT LIABILITIES

28,961

33,467

PROVISIONS FOR LIABILITIES

1,364

411

NET ASSETS

27,597

33,056

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

27,585

33,044

SHAREHOLDERS' FUNDS

27,597

33,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2020 and were signed on its behalf by:

B M Davies - Director

G J Tarpey - Director

G T Davies - Director

B Rogerson - Director

V Whittaker - Director

J Cunliffe - Director

1.	STATUTORY INFORMATION

Colourhouse Universal 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.

The financial statements have been prepared on a going concern basis.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional

disclosure is required to show a true and fair view.

The accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents the net invoice value of goods sold, excluding value added tax.

Turnover from the sales are recognised when the significant risks and rewards of ownership have transferred to

the customer, which is at the point of invoicing the customer.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation

Financial instruments

Debt instruments that are payable or receivable within one year, typically trade debtors, bank accounts and

trade creditors, are measured initially and subsequently at the undiscounted amount of the cash that is expected

to be paid or received.

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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2018

2,882

Additions

7,020

At 30 September 2019

9,902

DEPRECIATION

At 1 October 2018

463

Charge for year

1,416

At 30 September 2019

1,879

NET BOOK VALUE

At 30 September 2019

8,023

At 30 September 2018

2,419

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

21,600

21,656

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,200

1,350

Taxation and social security

6,510

8,889

Other creditors

1,700

1,700

9,410

11,939

7.	RELATED PARTY DISCLOSURES