REGISTERED NUMBER: 07738700 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

GLF Coatings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Jones

Mrs E Jones

REGISTERED OFFICE:

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

REGISTERED NUMBER:

07738700 (England and Wales)

ACCOUNTANTS:

Price Green & Co

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

FIXED ASSETS

Tangible assets

4

47,582

50,334

CURRENT ASSETS

Stocks

1,500

3,000

Debtors

5

36,979

38,542

Cash at bank

22,680

27,405

61,159

68,947

CREDITORS

Amounts falling due within one year

6

31,909

51,133

NET CURRENT ASSETS

29,250

17,814

TOTAL ASSETS LESS CURRENT LIABILITIES

76,832

68,148

PROVISIONS FOR LIABILITIES

11,895

12,583

NET ASSETS

64,937

55,565

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,837

55,465

SHAREHOLDERS' FUNDS

64,937

55,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 September 2025 and were signed on its behalf by:

D Jones - Director

1.	STATUTORY INFORMATION

GLF 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.

Plant and machinery etc

-

33% on reducing balance and 5% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

80,831

500

4,673

86,004

DEPRECIATION

At 1 September 2024

31,364

412

3,894

35,670

Charge for year

2,473

22

257

2,752

At 31 August 2025

33,837

434

4,151

38,422

NET BOOK VALUE

At 31 August 2025

46,994

66

522

47,582

At 31 August 2024

49,467

88

779

50,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

27,015

28,578

Other debtors

9,964

9,964

36,979

38,542

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

1,334

6,828

Taxation and social security

22,090

26,331

Other creditors

8,485

17,974

31,909

51,133

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,417 (2024 - £59,414) were paid to the directors .

The directors, Mr D Jones and Mrs E Jones, are also directors and shareholders of Gatwick Luggage Fittings Limited.

Included in other debtors is an interest free loan of £9,964 (2024:£9,964) to Gatwick Luggage Fittings Limited by GLF Coatings Limited.

The company was controlled throughout the current and previous year by the director, Mr D Jones.