1 February 2024 false No description of principal activity Taxfiler 2024.6 NI071625business:PrivateLimitedCompanyLtd2024-02-012025-01-31 NI0716252024-01-31 NI0716252024-02-012025-01-31 NI071625business:AuditExempt-NoAccountantsReport2024-02-012025-01-31 NI071625business:FilletedAccounts2024-02-012025-01-31 NI0716252025-01-31 NI071625business:Director12024-02-012025-01-31 NI071625business:Director22024-02-012025-01-31 NI071625business:Director32024-02-012025-01-31 NI071625business:CompanySecretary12024-02-012025-01-31 NI071625business:RegisteredOffice2024-02-012025-01-31 NI0716252024-01-31 NI071625core:WithinOneYear2025-01-31 NI071625core:WithinOneYear2024-01-31 NI071625core:AfterOneYear2025-01-31 NI071625core:AfterOneYear2024-01-31 NI071625core:ShareCapitalcore:PreviouslyStatedAmount2025-01-31 NI071625core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 NI071625core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-01-31 NI071625core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 NI071625core:PreviouslyStatedAmount2025-01-31 NI071625core:PreviouslyStatedAmount2024-01-31 NI071625business:SmallEntities2024-02-012025-01-31 NI071625countries:NorthernIreland2024-02-012025-01-31 NI071625core:LandBuildings2024-02-012025-01-31 NI071625core:PlantMachinery2024-02-012025-01-31 NI071625core:MotorVehicles2024-02-012025-01-31 NI071625core:FurnitureFittings2024-02-012025-01-31 NI071625core:ComputerEquipment2024-02-012025-01-31 NI071625core:OtherPropertyPlantEquipment2024-02-012025-01-31 NI071625core:Goodwill2024-01-31 NI071625core:Goodwill2025-01-31 NI071625core:Goodwill2024-02-012025-01-31 NI071625core:PlantMachinery2024-01-31 NI071625core:PlantMachinery2025-01-31 NI071625core:WithinOneYear2024-02-012025-01-31 NI0716252023-02-012024-01-31 iso4217:GBP xbrli:pure
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
Page
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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
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IC Powder Coaters Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,000 
27,500 
Tangible assets
12,789 
15,596 
34,789 
43,096 
Current assets
Inventories
26,709 
- 
Debtors
19,361 
27,648 
Cash at bank and in hand
500 
459 
46,570 
28,107 
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)
Capital and reserves
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
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IC Powder Coaters Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
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.
3
Accounting policies
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.
FRS102
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.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulative impairment losses.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2024
110,000 
At 31 January 2025
110,000 
Amortisation
At 1 February 2024
82,500 
Charge for the year
5,500 
At 31 January 2025
88,000 
Net book value
At 31 January 2025
22,000 
At 31 January 2024
27,500 
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IC Powder Coaters Limited Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2024
67,637 
At 31 January 2025
67,637 
Depreciation
At 1 February 2024
52,041 
Charge for the year
2,807 
At 31 January 2025
54,848 
Net book value
At 31 January 2025
12,789 
At 31 January 2024
15,596 
6
Debtors
2025 
2024 
£ 
£ 
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 
Other creditors
- 
2,771 
26,345 
19,886 
91,719 balancing figure
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
54,720 
57,563 
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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