IRIS Accounts Production v23.3.1.45 11342168 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113421682022-05-31113421682023-05-31113421682022-06-012023-05-31113421682021-05-31113421682021-06-012022-05-31113421682022-05-3111342168ns10:Originalns15:EnglandWales2022-06-012023-05-3111342168ns14:PoundSterlingns10:Original2022-06-012023-05-3111342168ns10:Originalns10:Director12022-06-012023-05-3111342168ns10:Original2022-06-012023-05-3111342168ns10:Original2023-05-3111342168ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111342168ns10:Originalns10:SmallEntities2022-06-012023-05-3111342168ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111342168ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111342168ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111342168ns10:Originalns10:FullAccounts2022-06-012023-05-3111342168ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3111342168ns10:Originalns10:Director22022-06-012023-05-3111342168ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111342168ns10:Original2022-05-3111342168ns10:Originalns5:CurrentFinancialInstruments2023-05-3111342168ns10:Originalns5:CurrentFinancialInstruments2022-05-3111342168ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111342168ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111342168ns5:ShareCapitalns10:Original2023-05-3111342168ns5:ShareCapitalns10:Original2022-05-3111342168ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111342168ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111342168ns10:Originalns5:PlantMachinery2022-06-012023-05-3111342168ns10:Original2021-06-012022-05-3111342168ns10:Originalns5:PlantMachinery2022-05-3111342168ns10:Originalns5:PlantMachinery2023-05-3111342168ns10:Originalns5:PlantMachinery2022-05-3111342168ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111342168ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3111342168ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 11342168 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2023

for

Lancashire Powder Coating Ltd

Lancashire Powder Coating Ltd (Registered number: 11342168)






Contents of the Financial Statements
for the year ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lancashire Powder Coating Ltd

Company Information
for the year ended 31st May 2023







DIRECTORS: Mr L A Bullen
Mr A J Bullen





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11342168 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Lancashire Powder Coating Ltd (Registered number: 11342168)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,828 23,772

CURRENT ASSETS
Stocks 1,220 1,516
Debtors 5 20,940 28,789
Cash at bank 8,964 14,117
31,124 44,422
CREDITORS
Amounts falling due within one year 6 25,525 32,664
NET CURRENT ASSETS 5,599 11,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,427

35,530

CREDITORS
Amounts falling due after more than one
year

7

(9,000

)

(13,000

)

PROVISIONS FOR LIABILITIES (3,387 ) (3,984 )
NET ASSETS 11,040 18,546

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 11,039 18,545
SHAREHOLDERS' FUNDS 11,040 18,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 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.

Lancashire Powder Coating Ltd (Registered number: 11342168)

Balance Sheet - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 20th February 2024 and were signed on its behalf by:





Mr L A Bullen - Director


Lancashire Powder Coating Ltd (Registered number: 11342168)

Notes to the Financial Statements
for the year ended 31st May 2023

1. STATUTORY INFORMATION

Lancashire Powder Coating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Lancashire Powder Coating Ltd (Registered number: 11342168)

Notes to the Financial Statements - continued
for the year ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022
and 31st May 2023 47,187
DEPRECIATION
At 1st June 2022 23,415
Charge for year 5,944
At 31st May 2023 29,359
NET BOOK VALUE
At 31st May 2023 17,828
At 31st May 2022 23,772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,240 28,089
Other debtors 700 700
20,940 28,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 6,841 3,139
Taxation and social security 7,329 13,688
Other creditors 7,355 11,837
25,525 32,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,000 13,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1

9. CONTROLLING PARTY

The company is controlled by the directors.