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REGISTERED NUMBER: 04894469 (England and Wales)















COIL PROCESSING SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






COIL PROCESSING SUPPLIES LIMITED (REGISTERED NUMBER: 04894469)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COIL PROCESSING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R G Winchurch
R S O'Grady
A R O'Grady





REGISTERED OFFICE: Springhill Works
Doulton Way
Off Factory Road
Tipton
West Midlands
DY4 9AW





REGISTERED NUMBER: 04894469 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

COIL PROCESSING SUPPLIES LIMITED (REGISTERED NUMBER: 04894469)

BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,491 20,413

CURRENT ASSETS
Stocks 210,654 203,350
Debtors 5 1,868,507 1,545,125
Cash at bank and in hand 626,046 746,504
2,705,207 2,494,979
CREDITORS
Amounts falling due within one year 6 314,479 292,763
NET CURRENT ASSETS 2,390,728 2,202,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,407,219

2,222,629

PROVISIONS FOR LIABILITIES 3,895 4,597
NET ASSETS 2,403,324 2,218,032

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,403,224 2,217,932
SHAREHOLDERS' FUNDS 2,403,324 2,218,032

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

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

COIL PROCESSING SUPPLIES LIMITED (REGISTERED NUMBER: 04894469)

BALANCE SHEET - continued
31 OCTOBER 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 2 June 2025 and were signed on its behalf by:





R S O'Grady - Director


COIL PROCESSING SUPPLIES LIMITED (REGISTERED NUMBER: 04894469)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Coil Processing Supplies Limited 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.

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.

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 - 33% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

COIL PROCESSING SUPPLIES LIMITED (REGISTERED NUMBER: 04894469)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 16,227 6,989 39,400 11,411 74,027
DEPRECIATION
At 1 November 2023 6,008 5,447 30,748 11,411 53,614
Charge for year 1,530 230 2,162 - 3,922
At 31 October 2024 7,538 5,677 32,910 11,411 57,536
NET BOOK VALUE
At 31 October 2024 8,689 1,312 6,490 - 16,491
At 31 October 2023 10,219 1,542 8,652 - 20,413

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 1,506,701 1,397,225
Amounts owed by associates 241,490 141,490
Other debtors 120,316 6,410
1,868,507 1,545,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 237,972 167,121
Taxation and social security 73,049 110,705
Other creditors 3,458 14,937
314,479 292,763

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/10/24 31/10/23
£    £   
R S O'Grady
Balance outstanding at start of year 2,322 2,322
Amounts repaid (2,322 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,322