DIGITAL COLOR LABS LIMITED

DIGITAL COLOR LABS LIMITED

DIGITAL COLOR LABS LIMITED - Company Information

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DIGITAL COLOR LABS LIMITED

Company Registration Number:
05656407 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

DIGITAL COLOR LABS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

DIGITAL COLOR LABS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 10,235 14,985
Tangible assets: 4 11,109 14,138
Investments: 5 4,500 4,500
Total fixed assets: 25,844 33,623
Current assets
Stocks: 6,397 8,436
Debtors:   53,152 54,003
Cash at bank and in hand: 231,148 172,928
Total current assets: 290,697 235,367
Creditors: amounts falling due within one year:   (37,381) (27,106)
Net current assets (liabilities): 253,316 208,261
Total assets less current liabilities: 279,160 241,884
Total net assets (liabilities): 279,160 241,884
Capital and reserves
Called up share capital: 20 10
Profit and loss account: 279,140 241,874
Shareholders funds: 279,160 241,884

The notes form part of these financial statements

DIGITAL COLOR LABS LIMITED

Balance sheet statements

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 December 2020
and signed on behalf of the board by:

Name: Mr M Brydon
Status: Director

The notes form part of these financial statements

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 0 0

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Intangible Assets

Total
Cost £
At 01 April 2019 23,751
At 31 March 2020 23,751
Amortisation
At 01 April 2019 8,766
Charge for year 4,750
At 31 March 2020 13,516
Net book value
At 31 March 2020 10,235
At 31 March 2019 14,985

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

4. Tangible Assets

Total
Cost £
At 01 April 2019 20,194
At 31 March 2020 20,194
Depreciation
At 01 April 2019 6,056
Charge for year 3,029
At 31 March 2020 9,085
Net book value
At 31 March 2020 11,109
At 31 March 2019 14,138

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

5. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.