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REGISTERED NUMBER: 01448795 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MAKER COATING SYSTEMS LIMITED

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAKER COATING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr P J Grierson
Mrs W A Grierson





SECRETARY: Mrs W A Grierson





REGISTERED OFFICE: Unit 5, Oak Business Units
Thorverton Road
Exeter
Devon
EX2 8FS





REGISTERED NUMBER: 01448795 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,687 44,065

CURRENT ASSETS
Stocks 5 118,068 114,633
Debtors 6 71,336 92,099
Investments 7 1 1
Cash at bank and in hand 265,053 265,939
454,458 472,672
CREDITORS
Amounts falling due within one year 8 128,154 163,156
NET CURRENT ASSETS 326,304 309,516
TOTAL ASSETS LESS CURRENT LIABILITIES 372,991 353,581

CREDITORS
Amounts falling due after more than one
year

9

(1,547

)

(12,893

)

PROVISIONS FOR LIABILITIES (8,047 ) (7,160 )
NET ASSETS 363,397 333,528

CAPITAL AND RESERVES
Called up share capital 190 190
Capital redemption reserve 10 10
Retained earnings 363,197 333,328
SHAREHOLDERS' FUNDS 363,397 333,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

BALANCE SHEET - continued
31 MARCH 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:




Mrs W A Grierson - Director



Mr P J Grierson - Director


MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Maker Coating Systems 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.

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.
Long leasehold - at varying rates on cost
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 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 Statement of Income and Retained Earnings, 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.

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


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 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 April 2024 12,000 85,451 119,534
Additions - - 5,066
Disposals - - -
At 31 March 2025 12,000 85,451 124,600
DEPRECIATION
At 1 April 2024 12,000 81,612 96,644
Charge for year - 1,356 5,591
Eliminated on disposal - - -
At 31 March 2025 12,000 82,968 102,235
NET BOOK VALUE
At 31 March 2025 - 2,483 22,365
At 31 March 2024 - 3,839 22,890

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 36,145 61,571 55,179 369,880
Additions - 13,000 888 18,954
Disposals - (13,750 ) - (13,750 )
At 31 March 2025 36,145 60,821 56,067 375,084
DEPRECIATION
At 1 April 2024 32,205 50,303 53,051 325,815
Charge for year 591 3,179 1,260 11,977
Eliminated on disposal - (9,395 ) - (9,395 )
At 31 March 2025 32,796 44,087 54,311 328,397
NET BOOK VALUE
At 31 March 2025 3,349 16,734 1,756 46,687
At 31 March 2024 3,940 11,268 2,128 44,065

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. STOCKS
2025 2024
£    £   
Stocks 118,068 114,633

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 66,207 88,949
Amounts owed by associates - 2,091
Other debtors 76 -
Prepayments 5,053 1,059
71,336 92,099

7. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Shares in group undertakings 1 1

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,190 9,581
Trade creditors 75,181 93,549
Tax 26,732 45,544
Social security and other taxes - 849
VAT 15,467 13,130
Accrued expenses 584 503
128,154 163,156

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-5 years 1,547 12,893

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 70 70
Bank loans 11,667 22,404
11,737 22,474

The bank loan and overdraft are secured by way of a fixed and floating charge against the company's assets. The loan is guaranteed by a company controlled by the Directors to a maximum of £115,000.

MAKER COATING SYSTEMS LIMITED (REGISTERED NUMBER: 01448795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


11. OTHER FINANCIAL COMMITMENTS

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £16,728 (2024: £26,765)

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr P J Grierson and Mrs W A Grierson
Balance outstanding at start of year - 699
Amounts advanced 4,518 13,950
Amounts repaid (4,518 ) (14,649 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Loans are unsecured, interest free and repayable on demand.

13. BOUNCE BACK LOAN

At the year end the year the company owed £11,667 (2024: £22,404) in relation to a bounce back loan which is 100% guaranteed by the government.