Company Registration No. 06143755 (England and Wales)
Worcester Powder Coating Ltd
Unaudited accounts
for the year ended 31 March 2025
Worcester Powder Coating Ltd
Unaudited accounts
Contents
Worcester Powder Coating Ltd
Company Information
for the year ended 31 March 2025
Directors
N J Wager
D N Wager
Company Number
06143755 (England and Wales)
Registered Office
Unit 7
Pershore Trading Estate
Pershore
Worcestershire
WR10 2AD
Accountants
Firmstone Accountants Limited
Fresh Fields
Stonebow Rd
Drakes Broughton, Pershore
Worcester
Worcestershire
WR10 2AP
Worcester Powder Coating Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
186,558
247,922
Cash at bank and in hand
345,761
204,479
Creditors: amounts falling due within one year
(395,814)
(221,916)
Net current assets
271,652
266,899
Total assets less current liabilities
458,210
514,821
Provisions for liabilities
Deferred tax
(46,640)
(63,757)
Net assets
411,570
451,064
Called up share capital
2
2
Profit and loss account
411,568
451,062
Shareholders' funds
411,570
451,064
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 December 2025 and were signed on its behalf by
N J Wager
Director
Company Registration No. 06143755
Worcester Powder Coating Ltd
Notes to the Accounts
for the year ended 31 March 2025
Worcester Powder Coating Ltd is a private company, limited by shares, registered in England and Wales, registration number 06143755. The registered office is Unit 7, Pershore Trading Estate, Pershore, Worcestershire, WR10 2AD.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Worcester Powder Coating Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Total
Charge for the year
53,494
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,181
15,974
7
Average number of employees
During the year the average number of employees was 18 (2024: 17).