Superior Powder Coatings (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07175170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

SUPERIOR POWDER COATINGS (UK) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A McHugh

R M Hart

J A Jeffers

A L Slater

REGISTERED OFFICE:

86 Bison Place

Moss Side Industrial Estate

Leyland

Preston

PR26 7QR

REGISTERED NUMBER:

07175170 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

219,375

257,433

CURRENT ASSETS

Stocks

124,971

126,623

Debtors

587,363

592,364

Cash at bank and in hand

21,340

20,213

733,674

739,200

CREDITORS

Amounts falling due within one year

500,027

487,176

NET CURRENT ASSETS

233,647

252,024

TOTAL ASSETS LESS CURRENT
LIABILITIES

453,022

509,457

CREDITORS

Amounts falling due after more than one
year

-

(11,250

)

PROVISIONS FOR LIABILITIES

(54,844

)

(64,358

)

NET ASSETS

398,178

433,849

CAPITAL AND RESERVES

Called up share capital

6

800

Retained earnings

397,378

433,049

SHAREHOLDERS' FUNDS

398,178

433,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

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

M A McHugh - Director

1.	STATUTORY INFORMATION

Superior Powder Coatings (UK) 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.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grant income

Grant income receivable for the purchase of fixed assets is recognised in the Income Statement over the useful economic life of the assets purchased. A liability is recongised in respect of the grant income received in excess of amounts recognised in the Income Statement to date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2025

and 31st March 2026

596,867

DEPRECIATION

At 1st April 2025

339,434

Charge for year

38,058

At 31st March 2026

377,492

NET BOOK VALUE

At 31st March 2026

219,375

At 31st March 2025

257,433

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals

£

COST

At 1st April 2025

178,584

Transfer to ownership

(119,760

)

At 31st March 2026

58,824

DEPRECIATION

At 1st April 2025

82,819

Charge for year

3,696

Transfer to ownership

(48,933

)

At 31st March 2026

37,582

NET BOOK VALUE

At 31st March 2026

21,242

At 31st March 2025

95,765

5.	SECURED DEBTS

Bank of Scotland plc have a fixed and floating charge in place over the company's assets.

Time Invoice Finance Limited (formerly Positive Cashflow Finance Limited) have a debenture in place over the company's assets.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

400

Ordinary

£1

400

100

A Ordinary

£1

100

B Ordinary

£1

100

C Ordinary

£1

100

D Ordinary

£1

100

800

7.	TOTAL LEASING COMMITMENTS

The company has non-cancellable operating leases totalling £2,741 (2025 - £18,374).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who, between them, have a beneficial interest in all of the issued share capital.