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Company Registration No. 10182771 (England and Wales)
UK Coatings Limited Unaudited accounts for the year ended 31 May 2023
UK Coatings Limited Unaudited accounts Contents
Page
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UK Coatings Limited Company Information for the year ended 31 May 2023
Directors
David Scott Marie Bailey
Company Number
10182771 (England and Wales)
Registered Office
11 Brampton House London WC1R 4RA
Accountants
Cantor Accounting Ltd 26 Avenue Road Penge London SE20 7RY
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UK Coatings Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,151 
3,355 
Current assets
Debtors
135,495 
103,310 
Cash at bank and in hand
173,715 
110,571 
309,210 
213,881 
Creditors: amounts falling due within one year
(73,936)
(29,004)
Net current assets
235,274 
184,877 
Net assets
278,425 
188,232 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
278,325 
188,132 
Shareholders' funds
278,425 
188,232 
For the year ending 31 May 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 22 February 2024 and were signed on its behalf by
Marie Bailey Director Company Registration No. 10182771
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UK Coatings Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
UK Coatings Limited is a private company, limited by shares, registered in England and Wales, registration number 10182771. The registered office is 11 Brampton House , London, WC1R 4RA.
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
25%
Motor vehicles
20%
Fixtures & fittings
25%
Computer equipment
50%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2022
8,338 
7,196 
- 
2,133 
17,667 
Additions
5,113 
35,425 
1,462 
723 
42,723 
At 31 May 2023
13,451 
42,621 
1,462 
2,856 
60,390 
Depreciation
At 1 June 2022
5,093 
7,196 
- 
2,023 
14,312 
Charge for the year
2,090 
- 
365 
472 
2,927 
At 31 May 2023
7,183 
7,196 
365 
2,495 
17,239 
Net book value
At 31 May 2023
6,268 
35,425 
1,097 
361 
43,151 
At 31 May 2022
3,245 
- 
- 
110 
3,355 
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UK Coatings Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
17,381 
Trade debtors
128,590 
85,929 
128,590 
103,310 
Amounts falling due after more than one year
Trade debtors
6,905 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(14,498)
- 
Obligations under finance leases and hire purchase contracts
35,425 
- 
Trade creditors
16,150 
9,017 
Taxes and social security
38,477 
16,977 
Other creditors
(2,287)
- 
Accruals
669 
3,010 
73,936 
29,004 
7
Loans to directors
During the year UK Coatings Ltd made monthly Dividend payments of £1,000 to David Scott (12 months), plus additional payment of dividends for £6000 in October 2020, in total £18,000. Marie Bailey received monthly dividend payments of £1,000 from October 2020 onwards (8 months), in total £8,000. In total for the Financial Period from 1st June 2020 until 31st May 2021 UK Coatings Ltd distributed to Directors total of £26,000
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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