Colourhouse Universal Limited - Accounts to registrar (filleted) - small 23.2.5

Colourhouse Universal Limited - Accounts to registrar (filleted) - small 23.2.5

COLOURHOUSE UNIVERSAL LIMITED - Company Information

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REGISTERED NUMBER: 10212923 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

COLOURHOUSE UNIVERSAL LIMITED
COLOURHOUSE UNIVERSAL LIMITED (REGISTERED NUMBER: 10212923)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLOURHOUSE UNIVERSAL LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: J Cunliffe
B M Davies
G T Davies
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
Page 1
COLOURHOUSE UNIVERSAL LIMITED (REGISTERED NUMBER: 10212923)

STATEMENT OF FINANCIAL POSITION
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,188 4,927

CURRENT ASSETS
Debtors 5 10,800 10,800
Cash at bank and in hand 17,542 21,031
28,342 31,831
CREDITORS
Amounts falling due within one year 6 11,291 11,274
NET CURRENT ASSETS 17,051 20,557
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,239
25,484

PROVISIONS FOR LIABILITIES 796 936
NET ASSETS 20,443 24,548

CAPITAL AND RESERVES
Called up share capital 10 10
Capital redemption reserve 2 2
Retained earnings 20,431 24,536
SHAREHOLDERS' FUNDS 20,443 24,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 notes form part of these financial statements

Page 2 continued...
COLOURHOUSE UNIVERSAL LIMITED (REGISTERED NUMBER: 10212923)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2023


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 29 April 2024 and were signed on its behalf by:




B M Davies - Director G J Tarpey - Director




G T Davies - Director V Whittaker - Director




J Cunliffe - Director


The notes form part of these financial statements

Page 3
COLOURHOUSE UNIVERSAL LIMITED (REGISTERED NUMBER: 10212923)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

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.

Page 4 continued...
COLOURHOUSE UNIVERSAL LIMITED (REGISTERED NUMBER: 10212923)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 9,902
DEPRECIATION
At 1 October 2022 4,975
Charge for year 739
At 30 September 2023 5,714
NET BOOK VALUE
At 30 September 2023 4,188
At 30 September 2022 4,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,800 10,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,199 1,199
Taxation and social security 8,390 8,373
Other creditors 1,702 1,702
11,291 11,274

7. RELATED PARTY DISCLOSURES

Turnover includes £36,000 (2022: £36,000) in relation to machinery rented to Colourhouse Masterbatch Limited, a company under common control of the directors.

Page 5