Holland Colours UK Limited
Holland Colours UK Limited
Registered number: 02154268
Unaudited Financial Statements
For The Year Ended 31 March 2016
JENNIFER M RICHARDSON LIMITED
32 Station Road
Rainham
Gillingham
Kent
ME8 7PH
Holland Colours UK Limited
Unaudited Financial Statements
For The Year Ended 31 March 2016
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—7 |
Holland Colours UK Limited
Balance Sheet
As at
31 March 2016
Balance Sheet
Registered number:
02154268
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2016 | 2015 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 9 |
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| CURRENT ASSETS | |||||
| Debtors | 10 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 11 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 13 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 273,879 | 154,169 | |||
Page 1
Holland Colours UK Limited
Balance Sheet (continued)
As at
31 March 2016
Directors' responsibilities:
-
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. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 4 to 7 form part of these financial statements.
Page 2
Holland Colours UK Limited
Statement of Changes in Equity
For The Year Ended 31 March 2016
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 April 2014 |
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42,218 |
| Profit for the year and total comprehensive income | - |
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111,951 |
| As at 31 March 2015 and 1 April 2015 |
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154,169 |
| Profit for the year and total comprehensive income | - |
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119,710 |
| As at |
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273,879 |
Page 3
Holland Colours UK Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2016
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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1.5.
Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.7.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.8.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.9.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 4
Holland Colours UK Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2016
4.
Staff Costs
Staff costs, including directors' remuneration, were as follows:
| 2016 | 2015 | ||
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| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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5.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2016 | 2015 | ||
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| Office and administration |
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| Sales, marketing and distribution |
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| Manufacturing |
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6.
Directors' remuneration
| 2016 | 2015 | ||
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| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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During the year, retirement benefits were accruing to one directors (previous year one) in respect of money purchase schemes.
Two directors are also directors of the parent undertaking and fellow subsidiaries, These directors
received remuneration for their services as directors of the company during the year , paid by the parent undertaking , details of which can be found incorporated within the financial statements of Holland Colours NV. The directors do not believe that it is practicable to apportion this amount between their services as directors of the company and their services as directors of the parent undertaking and fellow subsidiaries.
7.
Interest Payable
| 2016 | 2015 | ||
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| £ | £ | ||
| Other finance charges |
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Page 5
Holland Colours UK Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2016
9.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| Cost | |||||
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| Additions |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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10.
Debtors
| 2016 | 2015 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| Amounts owed by group undertakings |
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11.
Creditors: Amounts Falling Due Within One Year
| 2016 | 2015 | ||
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| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| Deferred tax liability |
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| Accruals and deferred income |
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| Amounts owed to group undertakings |
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Amounts due to group undertakings are unsecured, interest free and repayable on demand.
Page 6
Holland Colours UK Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2016
12.
Deferred Taxation
| 2016 | 2015 | ||
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| £ | £ | ||
| Deferred taxation |
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| Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances
14.
Related Party Transactions
15.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Holland Colours N.V. ( Netherlands ) . Holland Colours N.V. ( Netherlands ) was incorporated in The Netherlands. Copies of the group accounts may be obtained from the secretary, PO Box 720 , 7300 AS Apeldoorn , The Netherlands . The ultimate controlling party is Holland Colours N.V. ( Netherlands ) who controls 100% of the shares of Holland Colours UK Limited .
16.
General Information
Holland Colours UK Limited Registered number 02154268 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 18 Sabre Court, Valentine Close, Gillingham Business Park, Gillingham, Kent, ME8 0RW.
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