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REGISTERED NUMBER: 07707207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

HW POWDER COATING LTD

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HW POWDER COATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: G L Walters





REGISTERED OFFICE: Unit 1
Penllwyngwent Ind Estate
Saville Road
Ogmore Vale
Bridgend
CF32 7AX





REGISTERED NUMBER: 07707207 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
South Wales
CF31 3SH

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,989 69,735

CURRENT ASSETS
Stocks 8,700 11,700
Debtors 5 25,817 69,831
Cash at bank 1,110 1,961
35,627 83,492
CREDITORS
Amounts falling due within one year 6 55,139 54,724
NET CURRENT (LIABILITIES)/ASSETS (19,512 ) 28,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,477

98,503

CREDITORS
Amounts falling due after more than one year 7 40,305 46,370
NET ASSETS 35,172 52,133

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,170 52,131
SHAREHOLDERS' FUNDS 35,172 52,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 23 February 2024 and were signed by:





G L Walters - Director


HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

HW 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 30,330 116,665 146,995
Additions - 45,390 45,390
At 31 July 2023 30,330 162,055 192,385
DEPRECIATION
At 1 August 2022 5,543 71,717 77,260
Charge for year 3,033 17,103 20,136
At 31 July 2023 8,576 88,820 97,396
NET BOOK VALUE
At 31 July 2023 21,754 73,235 94,989
At 31 July 2022 24,787 44,948 69,735

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 47,047
Additions 23,995
At 31 July 2023 71,042
DEPRECIATION
At 1 August 2022 14,197
Charge for year 12,212
At 31 July 2023 26,409
NET BOOK VALUE
At 31 July 2023 44,633
At 31 July 2022 32,850

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 21,590 67,131
Other debtors 4,227 2,700
25,817 69,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 18,239 17,579
Hire purchase contracts 12,986 8,300
Trade creditors 3,911 8,265
Taxation and social security 11,357 19,128
Other creditors 8,646 1,452
55,139 54,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 11,916 24,415
Hire purchase contracts 28,389 21,955
40,305 46,370

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£    £   
G L Walters
Balance outstanding at start of year - (1,378 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -