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
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
Coat Trading Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
65,367
39,770
Tangible assets
73,917
102,576
Inventories
391,122
316,840
Cash at bank and in hand
1,126,782
800,595
Creditors: amounts falling due within one year
(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
(12,533)
-
Net assets
413,963
508,080
Called up share capital
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
Coat Trading Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
Coat Trading Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Charge for the year
28,153
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
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
At 31 March 2025
59,866
8,794
5,257
73,917
At 31 March 2024
74,664
23,826
4,086
102,576
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
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
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,533
-
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
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).