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Company Registration No. 12502151 (England and Wales)
Coat Trading Ltd Unaudited accounts for the year ended 31 March 2025
Coat Trading Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Coat Trading Ltd Company Information for the year ended 31 March 2025
Directors
Robert Abrahams Robert Green Fred Ursell Antony Stockil
Company Number
12502151 (England and Wales)
Registered Office
128 City Road London EC1V 2NX United Kingdom
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
- 3 -
Coat Trading Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
65,367
39,770
Tangible assets
5
73,917
102,576
139,284
142,346
Current assets
Inventories
391,122
316,840
Debtors
6
488,949
426,635
Cash at bank and in hand
1,126,782
800,595
2,006,853
1,544,070
Creditors: amounts falling due within one year
7
(1,719,641)
(1,178,336)
Net current assets
287,212
365,734
Total assets less current liabilities
426,496
508,080
Creditors: amounts falling due after more than one year
8
(12,533)
-
Net assets
413,963
508,080
Capital and reserves
Called up share capital
9
2,193
2,182
Share premium
7,854,865
7,565,995
Profit and loss account
(7,443,095)
(7,060,097)
Shareholders' funds
413,963
508,080
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by
Robert Abrahams Director Company Registration No. 12502151
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Coat Trading Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Coat Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 12502151. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Fixtures & fittings
33% on cost
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
- 5 -
Coat Trading Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
69,735
Additions
53,750
At 31 March 2025
123,485
Amortisation
At 1 April 2024
29,965
Charge for the year
28,153
At 31 March 2025
58,118
Net book value
At 31 March 2025
65,367
At 31 March 2024
39,770
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
113,023
50,338
9,836
173,197
Additions
23,650
-
4,901
28,551
Disposals
-
-
(1,190)
(1,190)
At 31 March 2025
136,673
50,338
13,547
200,558
Depreciation
At 1 April 2024
38,359
26,512
5,750
70,621
Charge for the year
38,448
15,032
2,793
56,273
On disposals
-
-
(253)
(253)
At 31 March 2025
76,807
41,544
8,290
126,641
Net book value
At 31 March 2025
59,866
8,794
5,257
73,917
At 31 March 2024
74,664
23,826
4,086
102,576
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
236,280
248,152
Deferred tax asset
18,479
27,068
Accrued income and prepayments
63,065
66,595
Other debtors
171,125
84,820
488,949
426,635
- 6 -
Coat Trading Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
6,028
-
Trade creditors
1,272,962
921,090
Taxes and social security
267,185
168,257
Other creditors
78,670
4,760
Accruals
94,796
73,541
Deferred income
-
10,688
1,719,641
1,178,336
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
12,533
-
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2,014,637 Ordinary shares of £0.001 each
2,014.63
2,014.63
1,788,681 Preference shares of £0.0001 each
178.86
168.19
2,193.49
2,182.82
Shares issued during the period:
106,698 Preference shares of £0.0001 each
10.66
10
Average number of employees
During the year the average number of employees was 13 (2024: 11).
- 7 -