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REGISTERED NUMBER: 14498384 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

A&M COATINGS (SW) LTD

A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&M COATINGS (SW) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M Trebble
A Trebble



REGISTERED OFFICE: 1a-1c Alexandria Industrial Estate
Cullompton
Devon
EX15 1BW



REGISTERED NUMBER: 14498384 (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



BANKERS: Barclays Bank Plc
14 King Street
Truro
TR1 2RB

A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 3

CURRENT ASSETS
Stocks 5 7,500 5,000
Debtors 6 67,647 79,802
Cash at bank and in hand 12,814 -
87,961 84,802
CREDITORS
Amounts falling due within one year 7 73,142 84,156
NET CURRENT ASSETS 14,819 646
TOTAL ASSETS LESS CURRENT LIABILITIES 14,822 649

CREDITORS
Amounts falling due after more than one
year

8

11,160

-
NET ASSETS 3,662 649

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,562 549
SHAREHOLDERS' FUNDS 3,662 649

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

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

A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

BALANCE SHEET - continued
30 NOVEMBER 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 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 30 June 2025 and were signed on its behalf by:





M Trebble - Director


A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

A&M Coatings (SW) 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.

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.

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 - 7 ) .

A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023
and 30 November 2024 1 1 1 3
NET BOOK VALUE
At 30 November 2024 1 1 1 3
At 30 November 2023 1 1 1 3

5. STOCKS
2024 2023
£    £   
Stocks 7,500 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,205 57,864
Amounts recoverable on contract 5,625 2,026
Other debtors 4,250 3,900
Directors' current accounts 15,567 12,428
Prepayments - 3,584
67,647 79,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,577 4,460
Trade creditors 28,184 47,103
Tax 943 1,193
Social security and other taxes (1,041 ) (2,338 )
VAT 15,770 14,169
Other creditors 20,929 18,224
Accrued expenses 1,780 1,345
73,142 84,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 11,160 -

A&M COATINGS (SW) LTD (REGISTERED NUMBER: 14498384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2024 and the period ended 30 November 2023:

2024 2023
£    £   
M Trebble
Balance outstanding at start of year 2,429 -
Amounts advanced 14,705 49,925
Amounts repaid (9,096 ) (47,496 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,038 2,429

A Trebble
Balance outstanding at start of year 9,999 -
Amounts advanced 18,612 18,149
Amounts repaid (21,082 ) (8,150 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,529 9,999

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the directors .