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REGISTERED NUMBER: 02704007 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SPRAYLAT INTERNATIONAL LIMITED

SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPRAYLAT INTERNATIONAL LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2023







DIRECTORS: A J L Keir
R D Edwards
P A Hodge
D C L Keir
M J Flawn





REGISTERED OFFICE: 1 Bardsley Road
Earlstrees Industrial Estate
Corby
Northamptonshire
NN17 4AR





REGISTERED NUMBER: 02704007 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 101 101

CURRENT ASSETS
Stocks 5 453,847 349,210
Debtors 6 360,771 342,117
Cash at bank 1,303,902 1,090,519
2,118,520 1,781,846
CREDITORS
Amounts falling due within one year 7 672,180 532,067
NET CURRENT ASSETS 1,446,340 1,249,779
TOTAL ASSETS LESS CURRENT LIABILITIES 1,446,441 1,249,880

CREDITORS
Amounts falling due after more than one
year

8

854,441

246,032
NET ASSETS 592,000 1,003,848

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 591,000 1,002,848
SHAREHOLDERS' FUNDS 592,000 1,003,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

BALANCE SHEET - continued
30 September 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 20 February 2024 and were signed on its behalf by:





A J L Keir - Director


SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2023


1. STATUTORY INFORMATION

Spraylat International Limited 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.

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.

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 20 (2022 - 21 ) .

SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 101
NET BOOK VALUE
At 30 September 2023 101
At 30 September 2022 101

5. STOCKS
2023 2022
£    £   
Stocks 453,847 349,210

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 320,240 330,471
VAT 10,306 -
Prepayments 30,225 11,646
360,771 342,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 285,229 139,728
Amounts owed to group undertakings 101 101
Corporation tax 101,559 67,524
Social security and other taxes 18,516 -
Employee pension 2,950 3,150
VAT - 30,405
Other creditors 254,771 221,373
Accruals and deferred income 9,054 44,786
Accrued expenses - 25,000
672,180 532,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 854,441 246,032

SPRAYLAT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02704007)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
999 Ordinary £1 999 999
100 Redeemable Ordinary 1p 1 1
1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Industrial & Commercial CoatingsLimited.

A company incorporated in England & Wales registration number 07173582.