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REGISTERED NUMBER: 04279670 (England and Wales)














Financial Statements for the Year Ended 30 September 2024

for

Specialist Compliant Coatings Ltd

Specialist Compliant Coatings Ltd (Registered number: 04279670)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Specialist Compliant Coatings Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms P Lewis
Mr D Small
Mr J Ward
Mr D Young
Ms C Young





REGISTERED OFFICE: 26 Heathfield
Stacey Bushes
Milton Keynes
MK12 6HR





REGISTERED NUMBER: 04279670 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Specialist Compliant Coatings Ltd (Registered number: 04279670)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,583 11,957
Investments 5 2,200 2,200
20,783 14,157

CURRENT ASSETS
Stocks 239,646 214,428
Debtors 6 469,421 343,446
Cash at bank and in hand 179,358 36,759
888,425 594,633
CREDITORS
Amounts falling due within one year 7 515,111 277,472
NET CURRENT ASSETS 373,314 317,161
TOTAL ASSETS LESS CURRENT LIABILITIES 394,097 331,318

CAPITAL AND RESERVES
Called up share capital 27 27
Capital redemption reserve 505 505
Retained earnings 393,565 330,786
394,097 331,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Specialist Compliant Coatings Ltd (Registered number: 04279670)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Ms P Lewis - Director


Specialist Compliant Coatings Ltd (Registered number: 04279670)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Specialist Compliant Coatings 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Specialist Compliant Coatings Ltd (Registered number: 04279670)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 18,103 6,100 42,246 - 66,449
Additions 8,700 - - 2,611 11,311
At 30 September 2024 26,803 6,100 42,246 2,611 77,760
DEPRECIATION
At 1 October 2023 17,482 4,372 32,638 - 54,492
Charge for year 1,398 259 2,402 626 4,685
At 30 September 2024 18,880 4,631 35,040 626 59,177
NET BOOK VALUE
At 30 September 2024 7,923 1,469 7,206 1,985 18,583
At 30 September 2023 621 1,728 9,608 - 11,957

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 2,200
NET BOOK VALUE
At 30 September 2024 2,200
At 30 September 2023 2,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 328,787 200,574
Amounts owed by participating interests 127,380 132,193
Other debtors 13,254 10,679
469,421 343,446

Specialist Compliant Coatings Ltd (Registered number: 04279670)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 104,519 40,415
Taxation and social security 119,624 42,910
Other creditors 290,968 194,147
515,111 277,472

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Specialist Compliant Coatings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Specialist Compliant Coatings Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Specialist Compliant Coatings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Compliant Coatings Ltd and state those matters that we have agreed to state to the Board of Directors of Specialist Compliant Coatings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Compliant Coatings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Specialist Compliant Coatings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Specialist Compliant Coatings Ltd. You consider that Specialist Compliant Coatings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Specialist Compliant Coatings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


27 June 2025