COLOURSONIC LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 03492128 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

COLOURSONIC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P Chandler

Mrs M Chandler

REGISTERED OFFICE:

40 Chippenham Mews

Maida Vale

London

W9 2AW

REGISTERED NUMBER:

03492128 (England and Wales)

ACCOUNTANTS:

CH London Limited

Alexander House

21 Station Approach

VIRGINIA WATER

Surrey

GU25 4DW

FIXED ASSETS

Tangible assets

2

106,686

136,685

CURRENT ASSETS

Stocks

1,811

Debtors

112,738

137,926

Cash at bank and in hand

21,199

20,343

135,748

160,080

CREDITORS

Amounts falling due within one
year

222,885

282,451

NET CURRENT LIABILITIES

(87,137

)

(122,371

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,549

14,314

CAPITAL AND RESERVES

Called up share capital

3

124

112

Profit and loss account

19,425

14,202

SHAREHOLDERS' FUNDS

19,549

14,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 18 November 2016 and
were signed on its behalf by:

Mrs M Chandler - Director

P Chandler - 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 January 2015).

TURNOVER

Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and not provided

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in

the balance sheet. Those held under hire purchase contracts are depreciated over

their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account

over the relevant period. The capital element of the future payments is treated as

a liability.

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

650,349

Additions

10,950

At 31 May 2016

661,299

DEPRECIATION

At 1 June 2015

513,664

Charge for year

40,949

At 31 May 2016

554,613

NET BOOK VALUE

At 31 May 2016

106,686

At 31 May 2015

136,685

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary 'B'

£1

2

4

Ordinary 'C'

£1

4

6

Ordinary 'D'

£1

6

2

(31.5.15 - 2
)

6

Ordinary 'E'

£1

6

2

(31.5.15 - 2)

6

Ordinary 'F'

£1

6

2

(31.5.15 - 2)

24

12

Allotted and issued:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

300

Share capital 2

£1

100

(31.5.15 -
100 )

The following shares were issued during the year for cash at par :

200 Ordinary 'A' shares of £1

4 Ordinary 'D' shares of £1

4 Ordinary 'E' shares of £1

4 Ordinary 'F' shares of £1