Autocolour & Industrial Coatings Ltd 03507222 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is that of suppliers of automotive paints and industrial coatings. Digita Accounts Production Advanced 6.30.9574.0 true 03507222 2024-08-01 2025-07-31 03507222 2025-07-31 03507222 core:RetainedEarningsAccumulatedLosses 2025-07-31 03507222 core:ShareCapital 2025-07-31 03507222 core:CurrentFinancialInstruments 2025-07-31 03507222 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 03507222 core:ConstructionInProgressAssetsUnderConstruction 2025-07-31 03507222 core:LandBuildings core:OwnedOrFreeholdAssets 2025-07-31 03507222 core:MotorVehicles 2025-07-31 03507222 core:OtherPropertyPlantEquipment 2025-07-31 03507222 bus:SmallEntities 2024-08-01 2025-07-31 03507222 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 03507222 bus:FilletedAccounts 2024-08-01 2025-07-31 03507222 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 03507222 bus:RegisteredOffice 2024-08-01 2025-07-31 03507222 bus:Director1 2024-08-01 2025-07-31 03507222 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 03507222 core:Buildings 2024-08-01 2025-07-31 03507222 core:ConstructionInProgressAssetsUnderConstruction 2024-08-01 2025-07-31 03507222 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 03507222 core:MotorVehicles 2024-08-01 2025-07-31 03507222 core:OfficeEquipment 2024-08-01 2025-07-31 03507222 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 03507222 core:PlantMachinery 2024-08-01 2025-07-31 03507222 countries:EnglandWales 2024-08-01 2025-07-31 03507222 2024-07-31 03507222 core:ConstructionInProgressAssetsUnderConstruction 2024-07-31 03507222 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 03507222 core:MotorVehicles 2024-07-31 03507222 core:OtherPropertyPlantEquipment 2024-07-31 03507222 2023-08-01 2024-07-31 03507222 2024-07-31 03507222 core:RetainedEarningsAccumulatedLosses 2024-07-31 03507222 core:ShareCapital 2024-07-31 03507222 core:CurrentFinancialInstruments 2024-07-31 03507222 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03507222 core:ConstructionInProgressAssetsUnderConstruction 2024-07-31 03507222 core:LandBuildings core:OwnedOrFreeholdAssets 2024-07-31 03507222 core:MotorVehicles 2024-07-31 03507222 core:OtherPropertyPlantEquipment 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 03507222

Autocolour & Industrial Coatings Ltd
Unaudited Financial Statements
for the Year Ended 31 July 2025

Autocolour & Industrial Coatings Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 7

Autocolour & Industrial Coatings Ltd

(Registration number: 03507222)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 71,984 | 103,965
Current assets |  |  |
Stocks |  | 28,800 | 27,500
Debtors | 5 | 81,798 | 77,049
Cash at bank and in hand |  | 203,835 | 148,812
|  | 314,433 | 253,361
Creditors: Amounts falling due within one year | 6 | (123,841) | (98,838)
Net current assets |  | 190,592 | 154,523
Total assets less current liabilities |  | 262,576 | 258,488
Provisions for liabilities |  | (3,231) | -
Net assets |  | 259,345 | 258,488
Capital and reserves |  |  |
Called up share capital |  | 100 | 1
Retained earnings |  | 259,245 | 258,487
Shareholders' funds |  | 259,345 | 258,488

Autocolour & Industrial Coatings Ltd

(Registration number: 03507222)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2026

......................................... Mr James Charles Stephen Baldwin Director

Autocolour & Industrial Coatings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Swan House
Hartshill Road
Stoke On Trent
Staffordshire
ST4 7RB
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of automotive paints and industrial coatings services. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Autocolour & Industrial Coatings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the
reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Freehold property | no depreciation
Office equipment | 25% straight line
Motor vehicles | 33% reducing balance
Plant and machinery | 25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Autocolour & Industrial Coatings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Autocolour & Industrial Coatings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Freehold property £ | Office equipment £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 August 2024 | 59,060 | 3,842 | 50,368 | 22,294 | 135,564
Additions | - | 1,257 | - | 6,924 | 8,181
Disposals | - | - | (42,848) | - | (42,848)
At 31 July 2025 | 59,060 | 5,099 | 7,520 | 29,218 | 100,897
Depreciation
At 1 August 2024 | - | 3,061 | 11,480 | 17,058 | 31,599
Charge for the year | - | 414 | 443 | 1,759 | 2,616
Eliminated on disposal | - | - | (5,302) | - | (5,302)
At 31 July 2025 | - | 3,475 | 6,621 | 18,817 | 28,913
Carrying amount
At 31 July 2025 | 59,060 | 1,624 | 899 | 10,401 | 71,984
At 31 July 2024 | 59,060 | 781 | 38,888 | 5,236 | 103,965

Autocolour & Industrial Coatings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 78,852 | 74,180
Other debtors | 2,946 | 2,869
| 81,798 | 77,049

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 76,841 | 61,767
Other creditors | 47,000 | 37,071
| 123,841 | 98,838