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REGISTERED NUMBER: 03394837 (England and Wales)















CHICAGO COATING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






CHICAGO COATING COMPANY LIMITED (REGISTERED NUMBER: 03394837)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHICAGO COATING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: W R Howarth
M R Myatt



SECRETARY: Mrs D J Howarth



REGISTERED OFFICE: Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD



REGISTERED NUMBER: 03394837 (England and Wales)



ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD



BANKERS: Royal Bank of Scotland plc
232 Stamford Street
Ashton-Under-Lyne
OL6 7NQ

CHICAGO COATING COMPANY LIMITED (REGISTERED NUMBER: 03394837)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,545 5,701

CURRENT ASSETS
Stocks 3,747 3,026
Debtors 5 41,927 44,905
Cash at bank 27,822 44,701
73,496 92,632
CREDITORS
Amounts falling due within one year 6 540,543 538,930
NET CURRENT LIABILITIES (467,047 ) (446,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(460,502

)

(440,597

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (460,504 ) (440,599 )
SHAREHOLDERS' FUNDS (460,502 ) (440,597 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




W R Howarth - Director


CHICAGO COATING COMPANY LIMITED (REGISTERED NUMBER: 03394837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Chicago Coating Company 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.

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 represents net invoiced work done, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance

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 defined contribution pension schemes. Contributions payable for the year are charged in the profit and loss account.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

CHICAGO COATING COMPANY LIMITED (REGISTERED NUMBER: 03394837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022 97,551 15,890 113,441
Additions 1,824 - 1,824
At 30 November 2023 99,375 15,890 115,265
DEPRECIATION
At 1 December 2022 92,166 15,574 107,740
Charge for year 831 149 980
At 30 November 2023 92,997 15,723 108,720
NET BOOK VALUE
At 30 November 2023 6,378 167 6,545
At 30 November 2022 5,385 316 5,701

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,931 38,933
Other debtors 5,996 5,972
41,927 44,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,509 3,661
Taxation and social security 5,879 6,965
Other creditors 528,155 528,304
540,543 538,930

Directors loan accounts are interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The directors consider that there is no overall controlling party.