IRIS Accounts Production v24.2.0.383 06515016 Board of Directors 1.3.23 29.2.24 29.2.24 true false true false false true false Ordinary 1.00000 Ordinary ''B'' 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065150162023-02-28065150162024-02-29065150162023-03-012024-02-29065150162022-02-28065150162022-03-012023-02-28065150162023-02-2806515016ns15:EnglandWales2023-03-012024-02-2906515016ns14:PoundSterling2023-03-012024-02-2906515016ns10:Director12023-03-012024-02-2906515016ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906515016ns10:SmallEntities2023-03-012024-02-2906515016ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2906515016ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906515016ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906515016ns10:FullAccounts2023-03-012024-02-2906515016ns10:OrdinaryShareClass12023-03-012024-02-2906515016ns10:OrdinaryShareClass22023-03-012024-02-2906515016ns10:Director22023-03-012024-02-2906515016ns10:RegisteredOffice2023-03-012024-02-2906515016ns5:CurrentFinancialInstruments2024-02-2906515016ns5:CurrentFinancialInstruments2023-02-2806515016ns5:Non-currentFinancialInstruments2024-02-2906515016ns5:Non-currentFinancialInstruments2023-02-2806515016ns5:ShareCapital2024-02-2906515016ns5:ShareCapital2023-02-2806515016ns5:RetainedEarningsAccumulatedLosses2024-02-2906515016ns5:RetainedEarningsAccumulatedLosses2023-02-2806515016ns5:LandBuildings2023-03-012024-02-2906515016ns5:PlantMachinery2023-03-012024-02-2906515016ns5:LandBuildings2023-02-2806515016ns5:PlantMachinery2023-02-2806515016ns5:LandBuildings2024-02-2906515016ns5:PlantMachinery2024-02-2906515016ns5:LandBuildings2023-02-2806515016ns5:PlantMachinery2023-02-2806515016ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2806515016ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2906515016ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2906515016ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-2806515016ns5:CostValuation2023-02-2806515016ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2906515016ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806515016ns5:HirePurchaseContractsns5:WithinOneYear2024-02-2906515016ns5:HirePurchaseContractsns5:WithinOneYear2023-02-2806515016ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-02-2906515016ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-02-2806515016ns5:HirePurchaseContracts2024-02-2906515016ns5:HirePurchaseContracts2023-02-2806515016ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2906515016ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2806515016ns5:WithinOneYear2024-02-2906515016ns5:WithinOneYear2023-02-2806515016ns5:BetweenOneFiveYears2024-02-2906515016ns5:BetweenOneFiveYears2023-02-2806515016ns5:MoreThanFiveYears2024-02-2906515016ns5:MoreThanFiveYears2023-02-2806515016ns5:AllPeriods2024-02-2906515016ns5:AllPeriods2023-02-2806515016ns5:DeferredTaxation2023-02-2806515016ns5:DeferredTaxation2023-03-012024-02-2906515016ns5:DeferredTaxation2024-02-2906515016ns10:OrdinaryShareClass12024-02-2906515016ns10:OrdinaryShareClass22024-02-29
REGISTERED NUMBER: 06515016 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

ALUCOAT LIMITED

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALUCOAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: P Devonshire
E Devonshire





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 06515016 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,238 110,293
Investments 5 200 200
33,438 110,493

CURRENT ASSETS
Debtors 6 573,859 572,861
Cash at bank and in hand 194,599 120,839
768,458 693,700
CREDITORS
Amounts falling due within one year 7 255,742 195,446
NET CURRENT ASSETS 512,716 498,254
TOTAL ASSETS LESS CURRENT LIABILITIES 546,154 608,747

CREDITORS
Amounts falling due after more than one
year

8

(19,143

)

(100,239

)

PROVISIONS FOR LIABILITIES 11 (8,309 ) (27,573 )
NET ASSETS 518,702 480,935

CAPITAL AND RESERVES
Called up share capital 12 107 107
Retained earnings 518,595 480,828
SHAREHOLDERS' FUNDS 518,702 480,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 2nd September 2024 and were signed on its behalf by:





E Devonshire - Director


ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Alucoat 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.

Preparation of consolidated financial statements
The financial statements contain information about Alucoat Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 20% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 944 275,845 276,789
Additions - 3,125 3,125
Disposals - (95,592 ) (95,592 )
At 29th February 2024 944 183,378 184,322
DEPRECIATION
At 1st March 2023 944 165,552 166,496
Charge for year - 8,486 8,486
Eliminated on disposal - (23,898 ) (23,898 )
At 29th February 2024 944 150,140 151,084
NET BOOK VALUE
At 29th February 2024 - 33,238 33,238
At 28th February 2023 - 110,293 110,293

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2023 128,734
Disposals (95,592 )
At 29th February 2024 33,142
DEPRECIATION
At 1st March 2023 29,422
Charge for year 4,603
Eliminated on disposal (23,898 )
At 29th February 2024 10,127
NET BOOK VALUE
At 29th February 2024 23,015
At 28th February 2023 99,312

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st March 2023
and 29th February 2024 200
NET BOOK VALUE
At 29th February 2024 200
At 28th February 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 318,404 324,173
Other debtors 255,455 248,688
573,859 572,861

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 9,943 25,288
Trade creditors 81,696 54,987
Taxation and social security 149,077 98,953
Other creditors 5,026 6,218
255,742 195,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 15,000 25,000
Hire purchase contracts (see note 9) 4,143 75,239
19,143 100,239

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 11,134 31,240
Between one and five years 4,639 77,324
15,773 108,564

Finance charges repayable:
Within one year 1,191 5,952
Between one and five years 496 2,085
1,687 8,037

Net obligations repayable:
Within one year 9,943 25,288
Between one and five years 4,143 75,239
14,086 100,527

ALUCOAT LIMITED (REGISTERED NUMBER: 06515016)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 67,070 17,572
Between one and five years 207,734 17,927
In more than five years 215,676 -
490,480 35,499

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 14,086 100,527

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,309 27,573

Deferred
tax
£   
Balance at 1st March 2023 27,573
Credit to Income Statement during year (19,264 )
Balance at 29th February 2024 8,309

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
7 Ordinary ''B'' £1 7 7
107 107