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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

DIGITAL COLOR LABS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

DIGITAL COLOR LABS LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 0 735
Tangible assets: 4 3,192 6,156
Investments: 5 4,500 4,500
Total fixed assets: 7,692 11,391
Current assets
Stocks: 3,441 5,487
Debtors:   106,572 106,657
Cash at bank and in hand: 243,086 230,507
Total current assets: 353,099 342,651
Creditors: amounts falling due within one year:   (27,463) (24,102)
Net current assets (liabilities): 325,636 318,549
Total assets less current liabilities: 333,328 329,940
Total net assets (liabilities): 333,328 329,940
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 333,308 329,920
Shareholders funds: 333,328 329,940

The notes form part of these financial statements

DIGITAL COLOR LABS LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 19 December 2023
and signed on behalf of the board by:

Name: Mr Michael 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 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible Assets

Total
Cost £
At 01 April 2022 23,751
At 31 March 2023 23,751
Amortisation
At 01 April 2022 23,016
Charge for year 735
At 31 March 2023 23,751
Net book value
At 31 March 2023 0
At 31 March 2022 735

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible Assets

Total
Cost £
At 01 April 2022 21,494
Additions 274
At 31 March 2023 21,768
Depreciation
At 01 April 2022 15,338
Charge for year 3,238
At 31 March 2023 18,576
Net book value
At 31 March 2023 3,192
At 31 March 2022 6,156

DIGITAL COLOR LABS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.