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REGISTERED NUMBER: 07707207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

HW POWDER COATING LTD

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HW POWDER COATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: G L Walters





REGISTERED OFFICE: Unit 1
Penllwyngwent Ind Estate
Saville Road
Ogmore Vale
Bridgend
CF32 7AX





REGISTERED NUMBER: 07707207 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,165 94,989

CURRENT ASSETS
Stocks 17,600 8,700
Debtors 5 48,591 25,817
Cash at bank 6,075 1,110
72,266 35,627
CREDITORS
Amounts falling due within one year 6 58,729 55,139
NET CURRENT ASSETS/(LIABILITIES) 13,537 (19,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,702

75,477

CREDITORS
Amounts falling due after more than one year 7 26,426 40,305
NET ASSETS 44,276 35,172

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,274 35,170
SHAREHOLDERS' FUNDS 44,276 35,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 4 April 2025 and were signed by:





G L Walters - Director


HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

HW Powder Coating Ltd 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% 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.

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 4 (2023 - 3 ) .

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 30,330 162,055 192,385
Additions - 54,495 54,495
Disposals - (109,037 ) (109,037 )
At 31 July 2024 30,330 107,513 137,843
DEPRECIATION
At 1 August 2023 8,576 88,820 97,396
Charge for year 3,033 11,407 14,440
Eliminated on disposal - (31,158 ) (31,158 )
At 31 July 2024 11,609 69,069 80,678
NET BOOK VALUE
At 31 July 2024 18,721 38,444 57,165
At 31 July 2023 21,754 73,235 94,989

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

Plant and
machinery
etc
£   
COST
At 1 August 2023 71,042
Additions 37,995
Disposals (109,037 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 26,409
Charge for year 4,749
Eliminated on disposal (31,158 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 44,633

HW POWDER COATING LTD (REGISTERED NUMBER: 07707207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 45,891 21,590
Other debtors 2,700 4,227
48,591 25,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 20,535 18,239
Hire purchase contracts - 12,986
Trade creditors 4,401 3,911
Taxation and social security 13,016 11,357
Other creditors 20,777 8,646
58,729 55,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 26,426 11,916
Hire purchase contracts - 28,389
26,426 40,305