REGISTERED NUMBER: 03942324 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Coverall (PVC & Canvas) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A Harrison

Mrs G L Harrison

REGISTERED OFFICE:

Unit 2 Cowton Way

Durham Lane Industrial Park

Eaglescliffe

Stockton on Tees

TS16 0RE

REGISTERED NUMBER:

03942324 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

279,253

297,756

CURRENT ASSETS

Stocks

12,701

15,016

Debtors

5

189,615

253,053

Cash at bank

156,065

114,884

358,381

382,953

CREDITORS

Amounts falling due within one year

6

98,510

91,903

NET CURRENT ASSETS

259,871

291,050

TOTAL ASSETS LESS CURRENT LIABILITIES

539,124

588,806

CREDITORS

Amounts falling due after more than one year

7

(143,583

)

(153,292

)

PROVISIONS FOR LIABILITIES

(15,633

)

(18,931

)

NET ASSETS

379,908

416,583

CAPITAL AND RESERVES

Called up share capital

9

11,000

11,000

Retained earnings

368,908

405,583

SHAREHOLDERS' FUNDS

379,908

416,583

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

The members have not required the company to obtain an audit of its financial statements for the year 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 2 December 2025 and were signed on its behalf by:

D A Harrison - Director

1.	STATUTORY INFORMATION

Coverall (PVC & Canvas) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net invoiced sales of goods which is equivalent to the fair value of the consideration received or receivable except in respect of service contracts where turnover is recognised when the company obtains the right to consideration, 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

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Freehold land included within freehold property has not been depreciated.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Government grants

Government grants of a capital nature are credited to a deferred income account in the balance sheet on receipt. The deferred income is released to the profit and loss over a period corresponding to the depreciation policy of the grant aided asset.

Debtors and creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Loans and borrowings

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

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

Plant and

fittings

property

machinery

& equipment

£

£

£

COST

At 1 April 2024

265,512

170,944

18,345

Additions

-

-

5,200

Disposals

-

-

-

At 31 March 2025

265,512

170,944

23,545

DEPRECIATION

At 1 April 2024

43,479

97,414

16,232

Charge for year

5,310

19,089

995

Eliminated on disposal

-

-

-

At 31 March 2025

48,789

116,503

17,227

NET BOOK VALUE

At 31 March 2025

216,723

54,441

6,318

At 31 March 2024

222,033

73,530

2,113

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

17,992

3,967

476,760

Additions

-

2,046

7,246

Disposals

-

(2,068

)

(2,068

)

At 31 March 2025

17,992

3,945

481,938

DEPRECIATION

At 1 April 2024

17,991

3,888

179,004

Charge for year

-

353

25,747

Eliminated on disposal

-

(2,066

)

(2,066

)

At 31 March 2025

17,991

2,175

202,685

NET BOOK VALUE

At 31 March 2025

1

1,770

279,253

At 31 March 2024

1

79

297,756

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

121,810

161,589

Other debtors

67,805

91,464

189,615

253,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

43,985

38,305

Taxation and social security

31,472

30,506

Other creditors

17,053

17,092

98,510

91,903

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

105,193

110,728

Other creditors

38,390

42,564

143,583

153,292

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

81,193

86,728

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

111,193

116,728

The bank loan is secured by a charge over the freehold property and assets of the company and personal guarantees given by the director.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

11,000

Ordinary

£1

11,000

11,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Repayable on demand loans, made to the directors, existed during the year. The amount owed to the company at the beginning of the year was £64,077 and at the end of the year was £40,654. Interest of £1,165 was charged during the year.

During the year £34,600 was repaid and £11,177 was advanced.