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Powder Coatings Northern Limited

Unaudited Financial Accounts

for the Year Ended 30 November 2023


Registration number: 2297998

 

Powder Coatings Northern Limited

Contents

Page

Company Information

1

Balance Sheet

2 to 3

 

Powder Coatings Northern Limited

Company Information

Directors

D Grindrod

A Grindrod

Company secretary

G Grindrod

Registered office

Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

Accountants


Gortons
Chartered Accountants
Stanmore House
64-68 Blackburn Street
Radcliffe
Manchester
M26 2JS

 

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2023

2023
£

2022
£

Fixed assets

16,760

20,344

Current assets

210,979

220,619

Creditors: Amounts falling due within one year

(69,318)

(87,638)

Net current assets

141,661

132,981

Total assets less current liabilities

158,421

153,325

Accruals and deferred income

(2,800)

(15,050)

 

155,621

138,275

Total capital and reserves

155,621

138,275



Notes to the Financial Accounts

1

General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is Stanmore House, 64-68 Blackburn Street, Radcliffe, Manchester, M26 2JS.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Related party transactions

At the year end the company was owed £32,932 from a director of the company who has a joint loan account with his wife, who is also a shareholder. The loan account was overdrawn to a maximum of £34,765 in the year (2022 - £27,430). During the year the company made total advances of £70,702 and received credits of £57,309. Interest has been charged on this loan on a commercial basis and it is repayable on demand.

Another director and shareholder of the company has a joint loan account with his wife, who is also a shareholder. This loan account was in credit at both the 2022 and 2023 year ends but was overdrawn to a maximum of £6,163 in the year.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 8).

4

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are employer pension contributions paid after date of £146 (2022 - £142).

 

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2023

These financial accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 23 August 2024 and signed on its behalf by:
 

.........................................
D Grindrod
Director