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REGISTERED NUMBER: 04139849 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EXCEL POWDER COATINGS LIMITED

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXCEL POWDER COATINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr W Bradley





SECRETARY: Miss C S Dyer





REGISTERED OFFICE: 15 Chiswick Avenue
Mildenhall
Suffolk
IP28 7AY





REGISTERED NUMBER: 04139849 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,681 101,928

CURRENT ASSETS
Stock 5 87,388 87,593
Debtors 6 181,472 127,076
Cash at bank 274,425 312,460
543,285 527,129
CREDITORS
Amounts falling due within one year 7 102,292 81,674
NET CURRENT ASSETS 440,993 445,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,674

547,383

CREDITORS
Amounts falling due after more than one
year

8

(62,606

)

(71,453

)

PROVISIONS FOR LIABILITIES (15,881 ) (12,269 )
NET ASSETS 459,187 463,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,087 463,561
SHAREHOLDERS' FUNDS 459,187 463,661

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 5 August 2025 and were signed by:





Mr W Bradley - Director


EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

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

1. STATUTORY INFORMATION

Excel Powder Coatings 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Property improvements - 5% on cost
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stock
Stock is 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.

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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 10 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Property Plant & Fixtures
improvements machinery & fittings
£    £    £   
COST
At 1 January 2024 11,667 99,594 20,135
Additions - 24,487 -
Disposals - - -
At 31 December 2024 11,667 124,081 20,135
DEPRECIATION
At 1 January 2024 1,749 81,451 11,824
Charge for year 583 10,661 1,246
Eliminated on disposal - - -
At 31 December 2024 2,332 92,112 13,070
NET BOOK VALUE
At 31 December 2024 9,335 31,969 7,065
At 31 December 2023 9,918 18,143 8,311

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 114,674 4,453 250,523
Additions - - 24,487
Disposals - (1,803 ) (1,803 )
At 31 December 2024 114,674 2,650 273,207
DEPRECIATION
At 1 January 2024 51,788 1,783 148,595
Charge for year 15,722 383 28,595
Eliminated on disposal - (664 ) (664 )
At 31 December 2024 67,510 1,502 176,526
NET BOOK VALUE
At 31 December 2024 47,164 1,148 96,681
At 31 December 2023 62,886 2,670 101,928

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 - 73,854 73,854
Additions 23,330 - 23,330
At 31 December 2024 23,330 73,854 97,184
DEPRECIATION
At 1 January 2024 - 18,464 18,464
Charge for year 5,833 13,848 19,681
At 31 December 2024 5,833 32,312 38,145
NET BOOK VALUE
At 31 December 2024 17,497 41,542 59,039
At 31 December 2023 - 55,390 55,390

5. STOCK
2024 2023
£    £   
Stock 87,388 87,593

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,226 109,985
Other debtors 7,865 4,568
Director's current account 6,012 2,500
Corporation tax - 8,606
Prepayments 2,369 1,417
181,472 127,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 17,911 13,470
Trade creditors 26,578 15,464
Corporation tax 168 -
Social security & other taxes 34,334 31,719
Other creditors 500 -
Accrued expenses 12,801 11,021
102,292 81,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans due in 1-2 years 10,000 10,000
Bank loans due in 2-5 years 2,495 12,496
Hire purchase contracts (see note 9) 50,111 48,957
62,606 71,453

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 17,911 13,470
Between one and five years 50,111 48,957
68,022 62,427

EXCEL POWDER COATINGS LIMITED (REGISTERED NUMBER: 04139849)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,495 32,496

The Bounce Back loan is secured by the UK Government.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr W Bradley
Balance outstanding at start of year 2,500 2,895
Amounts advanced 6,012 9,591
Amounts repaid (2,500 ) (9,986 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,012 2,500