| Xtreme Powder Coating Ltd |
| Registered number: |
SC555600 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
10,732 |
|
|
- |
| Tangible assets |
4 |
|
|
30,473 |
|
|
30,771 |
|
|
|
|
41,205 |
|
|
30,771 |
|
| Current assets |
| Debtors |
5 |
|
- |
|
|
1,404 |
| Cash at bank and in hand |
|
|
2,872 |
|
|
1,835 |
|
|
|
2,872 |
|
|
3,239 |
|
| Creditors: amounts falling due within one year |
6 |
|
(5,216) |
|
|
(5,954) |
|
| Net current liabilities |
|
|
|
(2,344) |
|
|
(2,715) |
|
| Total assets less current liabilities |
|
|
|
38,861 |
|
|
28,056 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(34,376) |
|
|
(21,939) |
|
|
|
| Net assets |
|
|
|
4,485 |
|
|
6,117 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
1 |
| Profit and loss account |
|
|
|
4,385 |
|
|
6,116 |
|
| Shareholder's funds |
|
|
|
4,485 |
|
|
6,117 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Beavers |
| Director |
| Approved by the board on 6 April 2026 |
|
| Xtreme Powder Coating Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
Motor Vehicles |
15% on a Reducing Balance basis |
|
Fixtures, fittings, tools and equipment |
15% on a Reducing Balance basis |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
Additions |
10,732 |
|
At 31 January 2026 |
10,732 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 January 2026 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
10,732 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 February 2025 |
51,968 |
|
1,800 |
|
53,768 |
|
Additions |
6,738 |
|
- |
|
6,738 |
|
Disposals |
(2,366) |
|
- |
|
(2,366) |
|
At 31 January 2026 |
56,340 |
|
1,800 |
|
58,140 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2025 |
21,925 |
|
1,072 |
|
22,997 |
|
Charge for the year |
4,488 |
|
182 |
|
4,670 |
|
At 31 January 2026 |
26,413 |
|
1,254 |
|
27,667 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2026 |
29,927 |
|
546 |
|
30,473 |
|
At 31 January 2025 |
30,043 |
|
728 |
|
30,771 |
|
|
| 5 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Trade debtors |
- |
|
1,404 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Corporation tax |
2,272 |
|
816 |
|
Other taxes and social security costs |
2,109 |
|
2,279 |
|
Other creditors |
835 |
|
2,859 |
|
|
|
|
|
|
5,216 |
|
5,954 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
14,250 |
|
- |
|
Obligations under finance lease and hire purchase contracts |
- |
|
10,605 |
|
Other creditors |
20,126 |
|
11,334 |
|
|
|
|
|
|
34,376 |
|
21,939 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Xtreme Powder Coating Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Unit 3 |
|
Meadowfield Ind Est |
|
Burntisland |
|
Fife |
|
KY3 0LH |