Superior Paint & Powder Coating Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04334804 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2026

for

SUPERIOR PAINT & POWDER COATING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Gurmej Birdi

Amarjit Singh

Balbir Birdi

SECRETARY:

Gurmej Birdi

REGISTERED OFFICE:

Unit 2A and 3 Curriers Close

Canley

Coventry

West Midlands

CV4 8AW

REGISTERED NUMBER:

04334804 (England and Wales)

ACCOUNTANTS:

Brindleys Limited

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

FIXED ASSETS

Tangible assets

4

723,113

705,163

CURRENT ASSETS

Stocks

5

226,777

119,843

Debtors

6

1,104,617

1,162,685

Cash at bank and in hand

398,285

545,728

1,729,679

1,828,256

CREDITORS

Amounts falling due within one year

7

719,108

656,728

NET CURRENT ASSETS

1,010,571

1,171,528

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733,684

1,876,691

CREDITORS

Amounts falling due after more than one year

8

(250,228

)

(435,100

)

PROVISIONS FOR LIABILITIES

11

(120,153

)

(109,854

)

NET ASSETS

1,363,303

1,331,737

CAPITAL AND RESERVES

Called up share capital

12

80

Capital redemption reserve

13

20

Retained earnings

13

1,363,203

1,331,637

SHAREHOLDERS' FUNDS

1,363,303

1,331,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss and Other Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

Amarjit Singh - Director

1.	STATUTORY INFORMATION

Superior Paint & Powder Coating Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss and Other Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

Holiday pay

Holiday pay is recognised as an expense in the period in which the service is received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 41 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1 May 2025

206,550

1,524,187

136,105

1,866,842

Additions

-

62,679

35,616

98,295

At 30 April 2026

206,550

1,586,866

171,721

1,965,137

DEPRECIATION

At 1 May 2025

98,875

988,857

73,947

1,161,679

Charge for year

10,767

59,801

9,777

80,345

At 30 April 2026

109,642

1,048,658

83,724

1,242,024

NET BOOK VALUE

At 30 April 2026

96,908

538,208

87,997

723,113

At 30 April 2025

107,675

535,330

62,158

705,163

5.

STOCKS

2026

2025

£

Stocks

226,777

119,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

770,470

839,493

Other debtors

159,828

157,168

Prepayments

174,319

166,024

1,104,617

1,162,685

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 9)

117,596

104,964

Trade creditors

409,959

286,824

Corporation tax

2,683

14,441

Social security and other taxes

29,302

28,585

VAT

98,725

98,987

Other creditors

12,194

11,858

Accrued expenses

48,649

111,069

719,108

656,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans (see note 9)

250,228

435,100

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

15,244

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

117,596

104,964

Amounts falling due between one and two years:

Bank loans - 1-2 years

117,596

104,964

Amounts falling due between two and five years:

Bank loans - 2-5 years

132,632

314,892

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

15,244

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

152,000

Between one and five years

304,000

456,000

The lease on the property expired on 13th June 2017 and the company negotiated an extension of the lease for a further 10 years for an annual rent of £152,000.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

120,153

109,854

Deferred

tax

£

Balance at 1 May 2025

109,854

Provided during year

10,299

Balance at 30 April 2026

120,153

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

80

Ordinary

1

80

Each share has one voting right and equal rights to dividends and distributions.

13.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 May 2025

1,331,637

20

1,331,657

Profit for the year

31,566

At 30 April 2026

1,363,203

20

1,363,223

14.	FINANCIAL COMMITMENTS

A charge is outstanding in favour of HSBC bank created on 4th September 2017 containing a fixed and floating charge over all the property of the company.

15.	ULTIMATE CONTROLLING PARTY

The company is controlled by its shareholders.