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REGISTERED NUMBER: 08663016 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Abovo Powder Coating (UK) Limited

Abovo Powder Coating (UK) Limited (Registered number: 08663016)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Abovo Powder Coating (UK) Limited (Registered number: 08663016)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,974 3,817

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 25,961 21,498
Cash at bank and in hand 9,054 11,062
41,015 38,560
CREDITORS
Amounts falling due within one year 6 33,026 17,432
NET CURRENT ASSETS 7,989 21,128
TOTAL ASSETS LESS CURRENT LIABILITIES 17,963 24,945

CREDITORS
Amounts falling due after more than one year 7 (11,982 ) (7,667 )

PROVISIONS FOR LIABILITIES - (725 )
NET ASSETS 5,981 16,553

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,881 16,453
SHAREHOLDERS' FUNDS 5,981 16,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mr J G Scott - Director


Abovo Powder Coating (UK) Limited (Registered number: 08663016)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Abovo Powder Coating (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08663016

Registered office: Unit A Wardle Street
Tunstall
Stoke-on-Trent
Staffordshire
ST6 6DT

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Abovo Powder Coating (UK) Limited (Registered number: 08663016)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 9,209 440 7,000 2,747 19,396
Additions 9,596 - - 191 9,787
At 31 August 2024 18,805 440 7,000 2,938 29,183
DEPRECIATION
At 1 September 2023 6,809 254 6,248 2,268 15,579
Charge for year 2,999 47 151 433 3,630
At 31 August 2024 9,808 301 6,399 2,701 19,209
NET BOOK VALUE
At 31 August 2024 8,997 139 601 237 9,974
At 31 August 2023 2,400 186 752 479 3,817

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,842 21,498
Other debtors 2,119 -
25,961 21,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,837 4,000
Trade creditors 22,943 5,474
Taxation and social security 2,430 5,849
Other creditors 1,816 2,109
33,026 17,432

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,982 7,667

Abovo Powder Coating (UK) Limited (Registered number: 08663016)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr J G Scott
Balance outstanding at start of year (361 ) (18 )
Amounts advanced 25,067 857
Amounts repaid (23,190 ) (1,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,516 (361 )