Colorbox Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03184178

Abbreviated Unaudited Accounts

for the Period 1st May 2013 to 30th October 2014

for

Colorbox Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Lister

Mrs A H Lister

SECRETARY:

G Lister

REGISTERED OFFICE:

111A Station Road

West Wickham

Kent

BR4 0PX

REGISTERED NUMBER:

03184178

ACCOUNTANTS:

Daniels & Co (Accountants) Limited

Chartered Accountants

111a Station Road

West Wickham

Kent

BR4 0PX

FIXED ASSETS

Tangible assets

2

3,942

6,306

CURRENT ASSETS

Stocks

7,975

8,250

Debtors

48,849

52,818

Cash at bank

1,334

1,539

58,158

62,607

CREDITORS

Amounts falling due within one year

3

81,965

77,986

NET CURRENT LIABILITIES

(23,807

)

(15,379

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,865

)

(9,073

)

PROVISIONS FOR LIABILITIES

196

669

NET LIABILITIES

(20,061

)

(9,742

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(20,161

)

(9,842

)

SHAREHOLDERS' FUNDS

(20,061

)

(9,742

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th October 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th October 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5th August 2016 and were signed on its behalf by:

G Lister - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 etc

-

33% on cost and 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

and 30th October 2014

246,785

DEPRECIATION

At 1st May 2013

240,479

Charge for period

2,364

At 30th October 2014

242,843

NET BOOK VALUE

At 30th October 2014

3,942

At 30th April 2013

6,306

3.

CREDITORS

Creditors include an amount of £ 44,629 (2013 - £ 42,247 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

9,998

Ordinary 'A'

1p

100

2

Ordinary 'B'

1p

-

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th October 2014 and the

year ended 30th April 2013:

2014

2013

£

G Lister

Balance outstanding at start of period

-

Amounts advanced

24,346

-

Amounts repaid

(7,956

)

-

Balance outstanding at end of period

16,390

-

6.

FINANCE

The Directors propose to continue trading as they consider that the future results will be of an improved nature. It

is their present intention to provide or procure finance to maintain the business as a going concern for the

foreseeable future.

If future trading results do not improve the decision to continue trading may have to be reviewed. In this case the

going concern basis upon which these records are drawn up may not be appropriate. If this were to be so, the

accounts would have to be prepared on a "break up" basis. This would involve restating assets and liabilities at

their realisable values which may be considerably lower than those currently shown in the accounts.