Industrial & Commercial Coatings Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07173582 (England and Wales)

Unaudited Financial Statements

For The Period 1 October 2023 to 31 March 2025

for

INDUSTRIAL & COMMERCIAL COATINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J L Keir

R D Edwards

J D Tunberger

M Gullbrandson

M Kennedy

REGISTERED OFFICE:

1 Bardsley Road

Earlstrees Industrial Estate

Corby

Northamptonshire

NN17 4AR

REGISTERED NUMBER:

07173582 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

294,016

2,080,298

Investments

5

699,501

993,517

2,779,799

CURRENT ASSETS

Debtors

6

1,687,877

884,525

Cash at bank

56,823

224,755

1,744,700

1,109,280

CREDITORS

Amounts falling due within one year

7

23,663

11,495

NET CURRENT ASSETS

1,721,037

1,097,785

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,714,554

3,877,584

CREDITORS

Amounts falling due after more than one year

8

(100

)

(100

)

PROVISIONS FOR LIABILITIES

(23,076

)

(142,644

)

NET ASSETS

2,691,378

3,734,840

CAPITAL AND RESERVES

Called up share capital

9

500

800,500

Share premium

698,301

Capital redemption reserve

500

Fair value reserve

10

-

360,329

Retained earnings

1,992,077

1,875,210

SHAREHOLDERS' FUNDS

2,691,378

3,734,840

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

M Kennedy - Director

1.	STATUTORY INFORMATION

Industrial & Commercial 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.

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 represents the value of rents receivable in the accounting period, including estimates of amounts not yet paid.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

4% on cost

Plant and machinery

-

12.5% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 October 2023

1,750,000

591,647

41,870

74,179

2,457,696

Additions

-

38,823

5,530

-

44,353

Disposals

(1,750,000

)

-

(610

)

(31,000

)

(1,781,610

)

At 31 March 2025

-

630,470

46,790

43,179

720,439

DEPRECIATION

At 1 October 2023

-

304,695

31,880

40,823

377,398

Charge for period

-

58,851

3,474

9,177

71,502

Eliminated on disposal

-

(360

)

(22,117

)

(22,477

)

At 31 March 2025

-

363,546

34,994

27,883

426,423

NET BOOK VALUE

At 31 March 2025

-

266,924

11,796

15,296

294,016

At 30 September 2023

1,750,000

286,952

9,990

33,356

2,080,298

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2023

and 31 March 2025

699,501

NET BOOK VALUE

At 31 March 2025

699,501

At 30 September 2023

699,501

6.

DEBTORS

2025

2023

£

Amounts falling due within one year:

Trade debtors

1,106

5,084

Other debtors

13,049

-

VAT

3,457

-

Prepayments

-

25,000

17,612

30,084

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,670,265

854,441

Aggregate amounts

1,687,877

884,525

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

Trade creditors

2,963

3,565

Corporation tax

18,209

-

VAT

-

5,966

Other creditors

331

-

Accrued expenses

2,160

1,964

23,663

11,495

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2023

£

Amounts owed to group undertakings

100

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2023

value:

£

500

Ordinary B

£1

500

NIL

Redeemable Preference

£1

-

800,000

500

800,500

10.

RESERVES

Fair

value

reserve

£

At 1 October 2023

360,329

Fair value reserve

(360,329

)

At 31 March 2025

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate holding company is Bergman & Beving Invest AB (556706-2699).