IRIS Accounts Productionv24.1.4.3303277367Board of Directors1.12.2230.11.2330.11.23falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032773672022-11-30032773672023-11-30032773672022-12-012023-11-30032773672021-11-30032773672021-12-012022-11-30032773672022-11-3003277367ns15:EnglandWales2022-12-012023-11-3003277367ns14:PoundSterling2022-12-012023-11-3003277367ns10:Director12022-12-012023-11-3003277367ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3003277367ns10:SmallEntities2022-12-012023-11-3003277367ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3003277367ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3003277367ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3003277367ns10:FullAccounts2022-12-012023-11-3003277367ns10:OrdinaryShareClass12022-12-012023-11-3003277367ns10:Director22022-12-012023-11-3003277367ns10:Director32022-12-012023-11-3003277367ns10:CompanySecretary12022-12-012023-11-3003277367ns10:RegisteredOffice2022-12-012023-11-3003277367ns5:CurrentFinancialInstruments2023-11-3003277367ns5:CurrentFinancialInstruments2022-11-3003277367ns5:Non-currentFinancialInstruments2023-11-3003277367ns5:Non-currentFinancialInstruments2022-11-3003277367ns5:ShareCapital2023-11-3003277367ns5:ShareCapital2022-11-3003277367ns5:CapitalRedemptionReserve2023-11-3003277367ns5:CapitalRedemptionReserve2022-11-3003277367ns5:RetainedEarningsAccumulatedLosses2023-11-3003277367ns5:RetainedEarningsAccumulatedLosses2022-11-3003277367ns5:PlantMachinery2022-12-012023-11-3003277367ns5:PlantMachinery2022-11-3003277367ns5:FurnitureFittings2022-11-3003277367ns5:MotorVehicles2022-11-3003277367ns5:FurnitureFittings2022-12-012023-11-3003277367ns5:MotorVehicles2022-12-012023-11-3003277367ns5:PlantMachinery2023-11-3003277367ns5:FurnitureFittings2023-11-3003277367ns5:MotorVehicles2023-11-3003277367ns5:PlantMachinery2022-11-3003277367ns5:FurnitureFittings2022-11-3003277367ns5:MotorVehicles2022-11-3003277367ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003277367ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3003277367ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3003277367ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3003277367ns5:WithinOneYear2023-11-3003277367ns5:WithinOneYear2022-11-3003277367ns5:BetweenOneFiveYears2023-11-3003277367ns5:BetweenOneFiveYears2022-11-3003277367ns5:AllPeriods2023-11-3003277367ns5:AllPeriods2022-11-3003277367ns10:OrdinaryShareClass12023-11-3003277367ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30032773671ns10:Director12022-11-30032773671ns10:Director12021-11-30032773671ns10:Director12022-12-012023-11-30032773671ns10:Director12021-12-012022-11-30032773671ns10:Director12023-11-30032773671ns10:Director12022-11-30

REGISTERED NUMBER: 03277367 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 November 2023

for


IDL Colour Coating Limited


IDL Colour Coating Limited (Registered number: 03277367)







Contents of the Financial Statements

for the Year Ended 30 November 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




IDL Colour Coating Limited


Company Information

for the Year Ended 30 November 2023









DIRECTORS:

D L Sharp


D Burt


T Sharp







SECRETARY:

Mrs S Sharp







REGISTERED OFFICE:

Unit 6


Cumberland Works


Wintersells Road


Byfleet


Surrey


KT14 7LF







REGISTERED NUMBER:

03277367 (England and Wales)







ACCOUNTANTS:

Kate Haynes Ltd


129 Woodlands Road


Little Bookham


Leatherhead


Surrey


KT23 4HN


IDL Colour Coating Limited (Registered number: 03277367)


Balance Sheet

30 November 2023



30.11.23

30.11.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

122,450


157,853




CURRENT ASSETS

Stocks

-


52,650



Debtors

5

771,049


1,104,159



Cash at bank

662,691


346,916



1,433,740


1,503,725



CREDITORS

Amounts falling due within one year

6

554,945


631,605



NET CURRENT ASSETS

878,795


872,120



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,001,245


1,029,973




CREDITORS

Amounts falling due after more than one year

7

-


86,667



NET ASSETS

1,001,245


943,306




CAPITAL AND RESERVES

Called up share capital

9

50


50



Capital redemption reserve

10

50


50



Retained earnings

10

1,001,145


943,206



SHAREHOLDERS' FUNDS

1,001,245


943,306




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.


IDL Colour Coating Limited (Registered number: 03277367)


Balance Sheet - continued

30 November 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 21 August 2024 and were signed on its behalf by:






D L Sharp - Director



IDL Colour Coating Limited (Registered number: 03277367)


Notes to the Financial Statements

for the Year Ended 30 November 2023


1.

STATUTORY INFORMATION



IDL Colour Coating 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 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 the cost less estimated residual value of each asset over its estimated useful life.  


Plant and machinery etc

-

at varying rates 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.


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.


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 15 (2022 - 20 ) .


IDL Colour Coating Limited (Registered number: 03277367)


Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


4.

TANGIBLE FIXED ASSETS


Fixtures



Plant and


and


Motor



machinery


fittings


vehicles


Totals

£   

£   

£   

£   



COST


At 1 December 2022

314,038


12,750


194,024


520,812




Additions

1,547


-


-


1,547




Disposals

-


-


(16,385

)

(16,385

)



At 30 November 2023

315,585


12,750


177,639


505,974




DEPRECIATION


At 1 December 2022

212,515


12,750


137,694


362,959




Charge for year

24,133


-


10,068


34,201




Eliminated on disposal

-


-


(13,636

)

(13,636

)



At 30 November 2023

236,648


12,750


134,126


383,524




NET BOOK VALUE


At 30 November 2023

78,937


-


43,513


122,450




At 30 November 2022

101,523


-


56,330


157,853




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Trade debtors

708,805


935,615




Amounts owed by group undertakings

10,662


20,365




Other debtors

23,176


25,593




Tax

21,001


81,629




Prepayments and accrued income

7,405


40,957



771,049


1,104,159




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.11.23


30.11.22

£   

£   



Bank loans and overdrafts

-


21,667




Trade creditors

155,729


388,292




Tax

30,632


36,932




Social security and other taxes

3,757


23,458




Other creditors

43,555


52,076




Accruals and deferred income

321,272


109,180



554,945


631,605




IDL Colour Coating Limited (Registered number: 03277367)


Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



30.11.23


30.11.22

£   

£   



Bank loans - 2-5 years

-


86,667




8.

LEASING AGREEMENTS



Minimum lease payments under non-cancellable operating leases fall due as follows:


30.11.23


30.11.22

£   

£   



Within one year

80,000


-




Between one and five years

320,000


-



400,000


-




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

30.11.23


30.11.22


value:

£   

£   



50

Ordinary

£1

50


50




10.

RESERVES


Capital



Retained


redemption



earnings


reserve


Totals

£   

£   

£   




At 1 December 2022

943,206


50


943,256




Profit for the year

128,043


128,043




Dividends

(70,104

)

(70,104

)



At 30 November 2023

1,001,145


50


1,001,195




11.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:



30.11.23


30.11.22

£   

£   



D L Sharp


Balance outstanding at start of year

10,000


10,000




Amounts advanced

-


12,858




Amounts repaid

(3,240

)

(12,858

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

6,760


10,000




IDL Colour Coating Limited (Registered number: 03277367)


Notes to the Financial Statements - continued

for the Year Ended 30 November 2023


12.

ULTIMATE CONTROLLING PARTY



The controlling party is D L Sharp.