Company Registration No. NI071625 (Northern Ireland)
IC Powder Coaters Limited
Reports and Accounts
for the year ended 31 January 2025
IC Powder Coaters Limited
Reports and Accounts
Contents
IC Powder Coaters Limited
Company Information
for the year ended 31 January 2025
Directors
Mr Daniel Carter
Mr Ivor Carter
Mrs Edith Carter
Secretary
Mr Daniel Carter
Company Number
NI071625 (Northern Ireland)
Registered Office
278 Killaughey Rd,
Donaghadee
BT21 0ND
IC Powder Coaters Limited
Statement of financial position
as at 31 January 2025
Intangible assets
22,000
27,500
Tangible assets
12,789
15,596
Cash at bank and in hand
500
459
Creditors: amounts falling due within one year
(26,345)
(19,886)
Net current assets
20,225
8,221
Total assets less current liabilities
55,014
51,317
Creditors: amounts falling due after more than one year
(54,720)
(57,563)
Net assets/(liabilities)
294
(6,246)
Called up share capital
10,000
10,000
Profit and loss account
(9,706)
(16,246)
Shareholders' funds
294
(6,246)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
Mr Daniel Carter
Director
Company Registration No. NI071625
IC Powder Coaters Limited
Notes to the Accounts
for the year ended 31 January 2025
IC Powder Coaters Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI071625. The registered office is 278 Killaughey Rd,, Donaghadee , BT21 0ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention and in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease
Plant & machinery
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Other tangible fixed assets
over the lease
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulative impairment losses.
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Intangible fixed assets
Goodwill
At 1 February 2024
110,000
At 31 January 2025
110,000
IC Powder Coaters Limited
Notes to the Accounts
for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
19,361
27,648
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,474
-
Trade creditors
20,871
17,115
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).