Of Colour & Code Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10131220 (England and Wales)

Unaudited Financial Statements

for the Period 18 April 2016 to 30 April 2017

for

Of Colour & Code Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K A Hunt

REGISTERED OFFICE:

19c Princes Road

Wimbledon

London

SW19 8RQ

REGISTERED NUMBER:

10131220 (England and Wales)

ACCOUNTANTS:

Leon & Company

Chartered Accountants

100 High Ash Drive

Alwoodley

Leeds

West Yorkshire

LS17 8RE

FIXED ASSETS

Tangible assets

4

2,371

CURRENT ASSETS

Stocks

5

5,625

Debtors

6

15,427

Cash at bank and in hand

8,650

29,702

CREDITORS

Amounts falling due within one year

7

30,658

NET CURRENT LIABILITIES

(956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,415

PROVISIONS FOR LIABILITIES

450

NET ASSETS

965

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

865

SHAREHOLDERS' FUNDS

965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 21 September 2017 and were signed by:

K A Hunt - Director

1.	STATUTORY INFORMATION

Of Colour & Code Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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

the balance sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

3,581

At 30 April 2017

3,581

DEPRECIATION

Charge for period

1,210

At 30 April 2017

1,210

NET BOOK VALUE

At 30 April 2017

2,371

5.

STOCKS

£

Work-in-progress

5,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

15,327

Called up share capital not paid

100

15,427

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

9,291

VAT

1,981

Other creditors

302

Directors' loan accounts

18,384

Accrued expenses

700

30,658

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

100

Share capital 1

1

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £38,384 due to the director Mr K Hunt. This loan is interest

free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is K A Hunt.