REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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COLOURMY LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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FOR |
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COLOURMY LIMITED |
COLOURMY LIMITED (REGISTERED NUMBER: 11828863) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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COLOURMY LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Counting House |
High Street |
Lutterworth |
Leicestershire |
LE17 4AY |
COLOURMY LIMITED (REGISTERED NUMBER: 11828863) |
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BALANCE SHEET |
28 FEBRUARY 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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COLOURMY LIMITED (REGISTERED NUMBER: 11828863) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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1. | STATUTORY INFORMATION |
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Colourmy Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the |
ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts. |
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The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future |
economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. |
The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale |
have been resolved. The company bases its estimates on historical results, taking into consideration the type of |
customer, the type of transaction and the specifics of each arrangement. |
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Tangible fixed assets |
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Plant and machinery | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
COLOURMY LIMITED (REGISTERED NUMBER: 11828863) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
Additions |
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At 28 February 2020 |
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DEPRECIATION |
Charge for period |
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At 28 February 2020 |
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NET BOOK VALUE |
At 28 February 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Tax |
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VAT | 2,317 |
Directors' current accounts | 32 |
Accrued expenses |
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6. | FINANCIAL INSTRUMENTS |
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Financial assets |
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of |
receivables is established where there is objective evidence that the company will not be able to collect all |
amounts due according to the original terms of payment. Receivables are considered for impairment on a case by |
case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable. |
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Financial liabilities |
The company's financial liabilities include trade and other payables, which are measured at amortised cost using |
the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the |
contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in |
which they are incurred. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid |
investments with original maturities of three months or less, and bank overdrafts. |
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7. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 570 |
COLOURMY LIMITED (REGISTERED NUMBER: 11828863) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 FEBRUARY 2019 TO 28 FEBRUARY 2020 |
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7. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
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Charge to Income Statement during period |
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Balance at 28 February 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | 1 | 100 |
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9. | RELATED PARTY DISCLOSURES |
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During the period, total dividends of £1,400 were paid to the directors . |
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As at 28 February 2020, an amount of £32 was due to the director, Mr S Rogers, which is included within |
creditors on the balance sheet. |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is S Rogers. |