Superior Paint & Powder Coating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04334804 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

SUPERIOR PAINT & POWDER COATING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Gurmej Birdi

Amarjit Singh

Balbir Birdi

SECRETARY:

Gurmej Birdi

REGISTERED OFFICE:

Unit 2A and 3 Curriers Close

Canley

Coventry

West Midlands

CV4 8AW

REGISTERED NUMBER:

04334804 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Tangible assets

4

705,163

705,139

CURRENT ASSETS

Stocks

5

119,843

172,025

Debtors

6

1,162,685

1,096,991

Cash at bank and in hand

545,728

497,301

1,828,256

1,766,317

CREDITORS

Amounts falling due within one year

7

656,728

654,756

NET CURRENT ASSETS

1,171,528

1,111,561

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,691

1,816,700

CREDITORS

Amounts falling due after more than one year

8

(435,100

)

-

PROVISIONS FOR LIABILITIES

11

(109,854

)

(98,770

)

NET ASSETS

1,331,737

1,717,930

CAPITAL AND RESERVES

Called up share capital

12

80

100

Capital redemption reserve

13

20

-

Retained earnings

13

1,331,637

1,717,830

SHAREHOLDERS' FUNDS

1,331,737

1,717,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

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

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 Profit & Loss and Other Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Amarjit Singh - Director

1.	STATUTORY INFORMATION

Superior Paint & Powder Coating 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

-

10% on reducing balance

Fixtures and fittings

-

10% 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 Profit & Loss and Other Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Holiday pay

Holiday pay is recognised as an expense in the period in which the service is received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 May 2024

206,550

1,461,074

120,843

1,788,467

Additions

-

63,113

15,262

78,375

At 30 April 2025

206,550

1,524,187

136,105

1,866,842

DEPRECIATION

At 1 May 2024

86,911

929,376

67,041

1,083,328

Charge for year

11,964

59,481

6,906

78,351

At 30 April 2025

98,875

988,857

73,947

1,161,679

NET BOOK VALUE

At 30 April 2025

107,675

535,330

62,158

705,163

At 30 April 2024

119,639

531,698

53,802

705,139

5.

STOCKS

2025

2024

£

Stocks

119,843

130,145

Work-in-progress

-

41,880

119,843

172,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

839,493

930,631

Other debtors

157,168

25,667

Prepayments

166,024

140,693

1,162,685

1,096,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 9)

104,964

-

Trade creditors

286,824

378,269

Corporation tax

14,441

-

Social security and other taxes

28,585

34,573

VAT

98,987

93,440

Other creditors

11,858

94,102

Accrued expenses

111,069

54,372

656,728

654,756

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans (see note 9)

435,100

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

15,244

-

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank loans

104,964

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

104,964

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

314,892

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

15,244

-

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

152,000

Between one and five years

304,000

456,000

The lease on the property expired on 13th June 2017 and the company negotiated an extension of the lease for a further 10 years for an annual rent of £152,000.

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

109,854

98,770

Deferred

tax

£

Balance at 1 May 2024

98,770

Provided during year

11,084

Balance at 30 April 2025

109,854

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

80

Ordinary

1

80

100

(2024 - 100 )

Each share has one voting right and equal rights to dividends and distributions.

13.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 May 2024

1,717,830

-

1,717,830

Profit for the year

66,057

Purchase of own shares

(452,250

)

20

(452,230

)

At 30 April 2025

1,331,637

20

1,331,657

14.	FINANCIAL COMMITMENTS

A charge is outstanding in favour of HSBC bank created on 4th September 2017 containing a fixed and floating charge over all the property of the company.

15.	ULTIMATE CONTROLLING PARTY

The company is controlled by its shareholders.