EUROTECH POWDER COATING SERVICES LTD

Company Registration Number:
07983226 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

EUROTECH POWDER COATING SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

EUROTECH POWDER COATING SERVICES LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 63,122 83,567
Total fixed assets: 63,122 83,567
Current assets
Debtors: 4 1,140,706 1,136,243
Cash at bank and in hand: 48,329 48,092
Total current assets: 1,189,035 1,184,335
Creditors: amounts falling due within one year: 5 (162,165) (135,692)
Net current assets (liabilities): 1,026,870 1,048,643
Total assets less current liabilities: 1,089,992 1,132,210
Creditors: amounts falling due after more than one year: 6 (53,122) (82,451)
Total net assets (liabilities): 1,036,870 1,049,759
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 1,036,866 1,049,755
Shareholders funds: 1,036,870 1,049,759

The notes form part of these financial statements

EUROTECH POWDER COATING SERVICES LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 August 2024
and signed on behalf of the board by:

Name: Elisa Brackley
Status: Director

The notes form part of these financial statements

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises of invoiced cost of goods sold during the year excluding value added tax, and net of any trade discounts

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write assets off over their estimated useful lives: Plant & Machinery - over 5 years Motor Vehicles - over 5 years

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 14 12

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 83,567
At 31 March 2024 83,567
Depreciation
At 01 April 2023 0
Charge for year 20,445
At 31 March 2024 20,445
Net book value
At 31 March 2024 63,122
At 31 March 2023 83,567

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Creditors falling due within one year:Bank Loans 46719VAT 39437Trade Creditors 30179Taxes & Social Security 28812Other Creditors 1698Accruals 15320Total Due within one year £162165

EUROTECH POWDER COATING SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank Loans £53122