Colour Match Print Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03737602 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Colour Match Print Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

D J Ball

J Ball

SECRETARY:

D H Ball

REGISTERED OFFICE:

9 De Montfort Street

Leicester

Leicestershire

LE1 7GE

REGISTERED NUMBER:

03737602 (England and Wales)

ACCOUNTANTS:

M Cubed Chartered Accountants

9 De Montfort Street

Leicester

Leicestershire

LE1 7GE

FIXED ASSETS

Tangible assets

4

5,474

6,739

CURRENT ASSETS

Stock

9,105

16,417

Debtors

5

118,622

236,463

Cash at bank

1,143

2,594

128,870

255,474

CREDITORS

Amounts falling due within one year

6

(223,252

)

(357,514

)

NET CURRENT LIABILITIES

(94,382

)

(102,040

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(88,908

)

(95,301

)

CREDITORS

Amounts falling due after more than one year

7

-

(17,291

)

NET LIABILITIES

(88,908

)

(112,592

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(89,108

)

(112,792

)

SHAREHOLDERS' FUNDS

(88,908

)

(112,592

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 October 2018 and were signed on its behalf by:

D J Ball - Director

1.	STATUTORY INFORMATION

Colour Match Print Management Limited 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

Going concern

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.

The company meets its day to day working capital requirements through the support of the Directors and

overdraft facilities provided by the bank. On this basis, the directors consider it appropriate to prepare the

financial statements on the going-concern basis.

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.

Plant and machinery

-

25% on reducing balance

Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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

bringing stock to their present location and condition.

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2017

38,739

Additions

500

At 30 April 2018

39,239

DEPRECIATION

At 1 May 2017

32,000

Charge for year

1,765

At 30 April 2018

33,765

NET BOOK VALUE

At 30 April 2018

5,474

At 30 April 2017

6,739

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

91,224

221,312

Directors' current accounts

26,478

13,801

Prepayments

920

1,350

118,622

236,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

78,314

184,904

Trade creditors

123,504

151,953

Corporation tax

6,571

2,989

Social security and other taxes

2,019

2,026

VAT

6,820

12,768

Other creditors

6,024

2,874

223,252

357,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans - 2-5 years

-

12,671

Bank loans more 5 yr by instal

-

4,620

-

17,291

30.4.18

30.4.17

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,620

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.18

30.4.17

£

£

Close Invoice Finance Limited

76,475

165,747

Close Invoice Finance Limited have a debenture over the receivables of the Company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and

30 April 2017:

30.4.18

30.4.17

£

£

D J Ball

Balance outstanding at start of year

13,801

(7

)

Amounts advanced

20,230

32,812

Amounts repaid

(7,553

)

(19,004

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

26,478

13,801

The balance outstanding was paid by the director 9 months after the year end.

10.	ULTIMATE CONTROLLING PARTY

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Colour Match Print Management Limited for the year ended 30 April 2018 which comprise the

Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Colour Match Print Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colour Match Print Management Limited and state those matters that we have agreed to state to the Board of Directors of Colour Match Print Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colour Match Print Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Colour Match Print Management 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 profit of Colour Match Print Management Limited. You consider that Colour Match Print Management 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 Colour Match Print Management 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.

M Cubed Chartered Accountants

9 De Montfort Street

Leicester

Leicestershire

LE1 7GE

3 October 2018