Colourserve Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05909322 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

Colourserve Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Certified Accountants' Report

4

DIRECTOR:

D A Sutton

SECRETARY:

D A Sutton

REGISTERED OFFICE:

Unit 4

Sutton Mill

Gunco Lane

Macclesfield

Cheshire

SK11 7JL

REGISTERED NUMBER:

05909322 (England and Wales)

ACCOUNTANTS:

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

FIXED ASSETS

Tangible assets

2

1,493

2,190

CURRENT ASSETS

Stocks

3,259

7,790

Debtors

9,079

64,187

Cash at bank and in hand

18,622

13,628

30,960

85,605

CREDITORS

Amounts falling due within one year

13,214

30,562

NET CURRENT ASSETS

17,746

55,043

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,239

57,233

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

18,239

56,233

SHAREHOLDERS' FUNDS

19,239

57,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10th March 2017 and were signed by:

D A Sutton - 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.

Plant and machinery etc

-

25% on reducing balance and 20% on cost

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

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 1st October 2015

and 30th September 2016

11,873

DEPRECIATION

At 1st October 2015

9,683

Charge for year

697

At 30th September 2016

10,380

NET BOOK VALUE

At 30th September 2016

1,493

At 30th September 2015

2,190

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

1,000

Ordinary

£1

1,000

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Sutton.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Colourserve Limited for the year ended 30th September 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Colourserve Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colourserve Limited and state those matters that we have agreed to state to the director of Colourserve Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Colourserve Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Colourserve Limited. You consider that Colourserve Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colourserve Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hammond McNulty LLP

Bank House

Market Square

Congleton

Cheshire

CW12 1ET

10th March 2017