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Company Registration No. 10884343 (England and Wales)
CNC Coatings Limited Unaudited accounts for the year ended 31 July 2023
CNC Coatings Limited Unaudited accounts Contents
Page
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CNC Coatings Limited Company Information for the year ended 31 July 2023
Directors
William John Nightingale Carol Ann Nightingale
Company Number
10884343 (England and Wales)
Registered Office
Southfork Alverstone Road Sandown Isle of Wight PO36 0LE United Kingdom
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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CNC Coatings Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,555 
6,939 
Current assets
Inventories
15,000 
11,000 
Debtors
19,254 
25,033 
Cash at bank and in hand
11,271 
17,973 
45,525 
54,006 
Creditors: amounts falling due within one year
(28,824)
(28,292)
Net current assets
16,701 
25,714 
Total assets less current liabilities
18,256 
32,653 
Creditors: amounts falling due after more than one year
(20,377)
(27,592)
Net (liabilities)/assets
(2,121)
5,061 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
(2,171)
5,011 
Shareholders' funds
(2,121)
5,061 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
William John Nightingale Director Company Registration No. 10884343
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CNC Coatings Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
CNC Coatings Limited is a private company, limited by shares, registered in England and Wales, registration number 10884343. The registered office is Southfork, Alverstone Road, Sandown , Isle of Wight , PO36 0LE, United Kingdom .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line - 20%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
26,920 
At 31 July 2023
26,920 
Depreciation
At 1 August 2022
19,981 
Charge for the year
5,384 
At 31 July 2023
25,365 
Net book value
At 31 July 2023
1,555 
At 31 July 2022
6,939 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,601 
2,802 
Accrued income and prepayments
357 
357 
Other debtors
17,296 
21,874 
19,254 
25,033 
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CNC Coatings Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
24,565 
19,190 
Trade creditors
3,183 
3,414 
Taxes and social security
585 
470 
Loans from directors
491 
5,218 
28,824 
28,292 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,377 
27,592 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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