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Company Registration No. 14361674 (England and Wales)
Pro-spec Coatings Ltd Unaudited accounts for the year ended 30 September 2025
Pro-spec Coatings Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pro-spec Coatings Ltd Company Information for the year ended 30 September 2025
Directors
Oliver Micah Wheeller Alan Richard Smith
Company Number
14361674 (England and Wales)
Registered Office
44 Brookwood Road Southampton Hampshire SO16 9AJ England
Accountants
365 Accounts Ltd 44 Brookwood Road Southampton Hampshire SO16 9AJ
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Pro-spec Coatings Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
54,981
21,080
Current assets
Debtors
5
11,580
10,229
Cash at bank and in hand
2,121
10,270
13,701
20,499
Creditors: amounts falling due within one year
6
(47,725)
(10,833)
Net current (liabilities)/assets
(34,024)
9,666
Net assets
20,957
30,746
Capital and reserves
Called up share capital
2
2
Profit and loss account
20,955
30,744
Shareholders' funds
20,957
30,746
For the year ending 30 September 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 15 May 2025 and were signed on its behalf by
Oliver Micah Wheeller Director Company Registration No. 14361674
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Pro-spec Coatings Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Pro-spec Coatings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14361674. The registered office is 44 Brookwood Road, Southampton, Hampshire, SO16 9AJ, England.
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.
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 rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33.33% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
6,691
20,500
225
27,416
Additions
43,639
-
-
43,639
At 30 September 2025
50,330
20,500
225
71,055
Depreciation
At 1 October 2024
1,443
4,797
96
6,336
Charge for the year
5,769
3,926
43
9,738
At 30 September 2025
7,212
8,723
139
16,074
Net book value
At 30 September 2025
43,118
11,777
86
54,981
At 30 September 2024
5,248
15,703
129
21,080
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Pro-spec Coatings Ltd Notes to the Accounts for the year ended 30 September 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
11,580
10,229
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
14,103
6,169
Taxes and social security
4,834
3,916
Loans from directors
28,788
28
Accruals
-
720
47,725
10,833
7
Loans to directors
During the year the company maintained a loan account with its director(s) Mr Oliver Micah Wheeller and Mr Alan Smith. As at the year end date the company owed its directors a total of £28,788 (2024 - £28).
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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