REGISTERED NUMBER: 02851383 (England and Wales)

Financial Statements for the Year Ended 31st December 2024

for

Aspect Powder Coatings Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P A Collins

M J Fellows

REGISTERED OFFICE:

Aspect House

Coneygre Industrial Estate

Birmingham New Road

Tipton

West Midlands

DY4 8XP

REGISTERED NUMBER:

02851383 (England and Wales)

AUDITORS:

Richards Sandy Partnership Ltd, Statutory Auditor

Chartered Certified Accountants

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

4

714,213

2,086,580

CURRENT ASSETS

Stocks

209,208

254,507

Debtors

5

5,407,988

975,801

Cash at bank and in hand

90,298

686,813

5,707,494

1,917,121

CREDITORS

Amounts falling due within one year

1,232,977

911,206

NET CURRENT ASSETS

4,474,517

1,005,915

TOTAL ASSETS LESS CURRENT LIABILITIES

5,188,730

3,092,495

CREDITORS

Amounts falling due after more than one year

(58,801

)

-

PROVISIONS FOR LIABILITIES

(165,400

)

(32,900

)

NET ASSETS

4,964,529

3,059,595

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

4,944,529

3,039,595

4,964,529

3,059,595

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30th September 2025 and were signed on its behalf by:

P A Collins - Director

1.	STATUTORY INFORMATION

Aspect 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Office equipment

-

33% on cost

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS

The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

OPERATING LEASE 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

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 48 (2023 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

3,890,469

Additions

594,675

Disposals

(2,144,245

)

At 31st December 2024

2,340,899

DEPRECIATION

At 1st January 2024

1,803,889

Charge for year

74,026

Eliminated on disposal

(251,229

)

At 31st December 2024

1,626,686

NET BOOK VALUE

At 31st December 2024

714,213

At 31st December 2023

2,086,580

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other debtors

-

8,307

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Miss Aimee Stinton FCCA (Senior Statutory Auditor)

for and on behalf of Richards Sandy Partnership Ltd, Statutory Auditor

7.	CROSS PARTY GUARANTEE

Debts held by Bellator Holdings Limited with Barclays Bank Plc are secured by a cross guarantee and debenture by way of fixed and floating charges over all assets and undertakings of all companies in the group.

At the year end the group had total secured bank loans totalling £5,063,209 (2023: £nil).

8.	PARENT COMPANY

The company's parent company is Bellator Holdings Limited, whose registered office is Thorneloe House, 25 Barbourne Road, Worcester, Worcestershire, WR1 1RU.