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Registered number: 01656795
Foleshill Plating Co. Limited
Strategic Report, Directors' Report and
Financial Statements
For The Year Ended 31 August 2024
SFB Group Limited
Contents
Page
Strategic Report 1
Directors' Report 2
Independent Auditor's Report 3—4
Profit and Loss Account 5
Balance Sheet 6
Statement of Changes in Equity 7
Notes to the Financial Statements 8—14
Page 1
Strategic Report
The directors present their strategic report for the year ended 31 August 2024.
Review of the Business
We aim to present a balanced and comprehensive review of the development and performance of our business during the financial period and its position at the year end. Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.
We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company, specifically turnover, gross margin and net profit.
We are pleased to report that 2024 has continued on from last year as being a profitable year for the company. Turnover has decreased by £1.74m from £12.17m in 2023 to £10.43m in 2024. The company gross profit margin this year is 34% (2023: 43%). After overheads the company is left with an operating profit this year of £0.15m (2023: £2.21m). Profits for the financial period after taxation was £0.36m (2023: £1.90m).
Principal Risks and Uncertainties
As for many businesses of our size, the environment in which we operate continues to be competitive and challenging and we are often subject to market forces outside of our control.
With these risks and uncertainties currently in mind, we acknowledge that any plans for future development may be affected by circumstances which are both unforeseen and beyond our control.
On behalf of the board
Mr S J Ling
Director
27/05/2025
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 31 August 2024.
Principal Activity
The company's principal activity continues to be that of treatment & coating of metals.
Dividends
An interim dividend in specie of £733,211 was paid on 17 April 2024. This was for the distribution of fixed assets in exchange for share capital. The directors recommend that no final dividend be paid.
The total distribution of dividends for the year ended 31 August 2024 will be £733,211.
Directors
The directors who held office during the year were as follows:
Mr S J Ling Appointed 02/05/2024
Mr J N Whitfield Appointed 02/05/2024
Mr K S Aojula Resigned 02/05/2024
Statement of Directors' Responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Independent Auditors
The auditors, SFB Group Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board
Mr S J Ling
Director
27/05/2025
Page 2
Page 3
Independent Auditor's Report
Opinion
We have audited the financial statements of Foleshill Plating Co. Limited for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 31 August 2024 and of its profit/(loss) for the year then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit.
Page 3
Page 4
Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws;
- Enquiry of management around actual and potential litigation and claims;
- Enquiry of management to identify any instances of non-compliance with laws and regulations;
- We reviewed correspondence with legal and regulatory bodies where applicable;
- We agreed the financial statements disclosures to underlying supporting documentation
-We reviewed the detail of certain nominal accounts for indications of management override;
-We gained an understanding of the design and implementation of the processes and controls in place within the group which are designed to prevent, detect or correct fraud or error within the financial statements
- We challenged the accounting treatment applied  in respect of revenue recognised during the year, in particular in relation to manual adjustments made to revenue, cut off between accounting periods;
- We identified and tested journal entries which we considered to be unusual and me be indicative of bias on the part of management or those charged with governance, investigating the rationale behind significant or unusual transactions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Paul Carvell BFP FCA (Senior Statutory Auditor)
for and on behalf of SFB Group Limited , Statutory Auditor
27/05/2025
SFB Group Limited
Manor Court Chambers
Townsend Drive
Nuneaton
Warwickshire
CV11 6RU
Page 4
Page 5
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 3 10,433,829 12,172,961
Cost of sales (6,887,535 ) (6,886,386 )
GROSS PROFIT 3,546,294 5,286,575
Distribution costs 36,661 -
Administrative expenses (3,436,817 ) (3,071,892 )
OPERATING PROFIT 4 146,138 2,214,683
Other interest receivable and similar income 9 34,886 23,982
Interest payable and similar charges 10 (116,753 ) (48,147 )
PROFIT BEFORE TAXATION 64,271 2,190,518
Tax on Profit 11 296,904 (286,389 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 361,175 1,904,129
The notes on pages 8 to 14 form part of these financial statements.
Page 5
Page 6
Balance Sheet
Registered number: 01656795
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12 560,522 1,185,887
560,522 1,185,887
CURRENT ASSETS
Stocks 13 210,430 177,258
Debtors 14 4,836,808 2,263,679
Cash at bank and in hand 197,380 3,228,942
5,244,618 5,669,879
Creditors: Amounts Falling Due Within One Year 15 (3,915,249 ) (3,780,947 )
NET CURRENT ASSETS (LIABILITIES) 1,329,369 1,888,932
TOTAL ASSETS LESS CURRENT LIABILITIES 1,889,891 3,074,819
Creditors: Amounts Falling Due After More Than One Year 16 (265,773 ) (782,193 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 19 - (296,472 )
NET ASSETS 1,624,118 1,996,154
CAPITAL AND RESERVES
Called up share capital 20 100 100
Profit and Loss Account 1,624,018 1,996,054
SHAREHOLDERS' FUNDS 1,624,118 1,996,154
On behalf of the board
Mr S J Ling
Director
27/05/2025
The notes on pages 8 to 14 form part of these financial statements.
Page 6
Page 7
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 September 2022 100 1,591,925 1,592,025
Profit for the year and total comprehensive income - 1,904,129 1,904,129
Dividends paid - (1,500,000) (1,500,000)
As at 31 August 2023 and 1 September 2023 100 1,996,054 1,996,154
Profit for the year and total comprehensive income - 361,175 361,175
Dividends paid - (733,211) (733,211)
As at 31 August 2024 100 1,624,018 1,624,118
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Notes to the Financial Statements
1. General Information
Foleshill Plating Co. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01656795 . The registered office is 32 Bayton Road, Exhall, Coventry, West Midlands, CV7 9EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
  • the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).
2.3. Exemption From Preparing Consolidated Financial Statements
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
2.4. Significant judgements and estimations
The company makes estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the group accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances.
The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Depreciation and residual values
The director has reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic lives and residual values of fixture & fittings and plant & machinery, and have concluded that asset lives and residual values are appropriate.
The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and project disposal values.
Leases
The director determines whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis based on an evaluation of the terms and conditions of the arrangements, and accordingly whether the lease requires an asset and liability to be recognised in the statement of financial position.
2.5. Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when specific criteria relating to each of the companies sales channels have been met.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
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2.6. Tangible Fixed Assets and Depreciation
Depreication 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.
Leasehold 2% on reducing balance
Plant & Machinery 33% on reducing balance
The assets residual values, useful life and depreciation methods are reviewed and adjusted prospectively if appropriate, if there is an indication of a significant change since the last reporting date.
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.  Cost includes the original purchase cost, costs directly attributable to making the asset capable of operating as intended, dismantlation and restoration costs and borrowing costs.
Freehold property is valued at cost less accumulated depreciation and accumulated impairment losses capitalised.
2.7. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contract 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.
2.8. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.9. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.10. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.  Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.11. Taxation
The tax expense for the year comprises current and deferred tax.
Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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.
2.12. Employee Benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees.  Contributions are expensed as they become payable.
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2.13. Reasearch and development
Expenditure on research and development is written off in the year in which it is incurred.
3. Turnover
Analysis of turnover by class of business is as follows:
2024 2023
£ £
Coating 10,112,715 12,000,635
Energy and rates 20,163 -
Shotblast 300,951 172,325
10,433,829 12,172,960
4. Operating Profit
The operating profit is stated after charging:
2024 2023
£ £
Bad debts 24,502 50,168
Reorganisation expenditure 92,578 -
Operating lease rentals 181,433 135,639
Depreciation of tangible fixed assets 252,057 277,677
Profit on disposal of tangible fixed assets (36,661 ) -
2024
2023
Further disclosures:
£
£
Hire of plant and machinery
412,740
100,955
Light and heat
1,373,010
1,401,683
image
image
5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
2024 2023
£ £
Audit Services
Audit of the company's financial statements 11,395 10,750
6. Staff Costs
Staff costs, including directors' remuneration, were as follows:
2024 2023
£ £
Wages and salaries 4,037,082 3,890,664
Social security costs 392,018 387,979
Other pension costs 67,721 70,683
4,496,821 4,349,326
7. Average Number of Employees
Average number of employees, including directors, during the year was: 120 (2023: 120)
120 120
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8. Directors' remuneration
2024 2023
£ £
Emoluments 48,502 65,913
9. Interest Receivable and Similar Income
2024 2023
£ £
Bank interest receivable 34,886 23,982
10. Interest Payable and Similar Charges
2024 2023
£ £
Bank loans and overdrafts 116,753 22,265
Finance charges payable under finance leases and hire purchase contracts - 25,882
116,753 48,147
11. Tax on Profit
The tax (credit)/charge on the profit for the year was as follows:
Tax Rate 2024 2023
2024 2023 £ £
Current tax
UK Corporation Tax 25.0% 19.0% - 30,207
Prior period adjustment (432 ) -
(432 ) 30,207
Deferred Tax
Deferred taxation (296,472 ) 256,182
Total tax charge for the period (296,904 ) 286,389
The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
2024 2023
£ £
Profit before tax 64,271 2,190,518
Tax on profit at 25% (UK standard rate) 16,068 416,198
Goodwill/depreciation not allowed for tax 63,013 52,758
Expenses not deductible for tax purposes 3,210 416
Capital allowances (82,291 ) (263,552 )
Short term timing differences (296,472 ) 185,030
Prior period adjustment (432 ) -
Difference in tax rates - 74,684
...CONTINUED
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Tax incentives (151,597 ) (165,477 )
Tax losses unutilised carried forward 151,597 -
Group relief - (13,668 )
Total tax charge for the period (296,904) 286,389
12. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 - 1,568,006 1,568,006
Additions 31,335 291,907 323,242
Disposals - (733,211 ) (733,211 )
As at 31 August 2024 31,335 1,126,702 1,158,037
Depreciation
As at 1 September 2023 - 382,119 382,119
Provided during the period 627 251,430 252,057
Disposals - (36,661 ) (36,661 )
As at 31 August 2024 627 596,888 597,515
Net Book Value
As at 31 August 2024 30,708 529,814 560,522
As at 1 September 2023 - 1,185,887 1,185,887
The net book value of tangible fixed assets includes £NIL (2023 - £194,561) in respect of assets held under hire purchase contracts.
13. Stocks
2024 2023
£ £
Raw materials and consumables 210,430 177,258
14. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,038,930 2,249,236
Prepayments and accrued income 21,376 4,063
Other debtors 6,671 6,671
Amounts owed by group undertakings 2,769,831 3,709
4,836,808 2,263,679
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15. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 74,426
Trade creditors 725,333 788,212
Bank loans and overdrafts - 197,920
Corporation tax - 30,207
Other taxes and social security 148,902 162,792
VAT 168,471 256,822
Factoring account 1,363,379 -
Accruals and deferred income 211,360 102,177
Amounts owed to group undertakings 1,297,804 2,168,391
3,915,249 3,780,947
16. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 231,833
Trade creditors 265,773 -
Bank loans - 550,360
265,773 782,193
The company has provided a joint guarantee to secure loan facilities to group undertakings, which creates a fixed and floating charge over the assets of the company. The amounts outstanding under these facilities as at 31 August 2024 were £4,518,750.
17. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans - 197,920
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans - 550,360
18. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 74,426
Later than one year and not later than five years - 231,833
- 306,259
- 306,259
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19. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences - 296,472
20. Share Capital
2024 2023
Allotted, called up and fully paid £ £
85 Ordinary A shares of £ 1.00 each 85 85
15 Ordinary C shares of £ 1.00 each 15 15
100 100
21. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 733,211 1,500,000
22. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
During the year the company traded with a business related by common director. The company made sales of £289,130. At the year end an amount of £60,475 was due by the company.
During the year the company traded with a business related by common director. The company made sales of £502. At the year end an amount of £602 was due by the company.
During the year the company traded with a business related by common director. The company made sales of £349. At the year end an amount of £419 was due by the company.
23. Controlling Parties
At 31 August 2024 the immediate controlling party of Foleshill Plating Co. Limited is FP Advanced Coatings Ltd. The ultimate parent company was Threesixty Holdco 10 Limited.
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