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
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
UK Coatings Limited
Statement of financial position
as at 31 May 2023
Tangible assets
43,151
3,355
Cash at bank and in hand
173,715
110,571
Creditors: amounts falling due within one year
(73,936)
(29,004)
Net current assets
235,274
184,877
Net assets
278,425
188,232
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
UK Coatings Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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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
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
At 31 May 2023
6,268
35,425
1,097
361
43,151
At 31 May 2022
3,245
-
-
110
3,355
UK Coatings Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
128,590
85,929
Amounts falling due after more than one year
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
35,425
-
Trade creditors
16,150
9,017
Taxes and social security
38,477
16,977
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
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Average number of employees
During the year the average number of employees was 5 (2022: 5).