Powdermasters Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC147144

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		303,676		296,622

			303,676		296,622
CURRENT ASSETS
Stocks	5	221,006		213,413
Debtors	6	356,979		237,900
Cash at bank and in hand		10,981		9,347

		588,966		460,660
Creditors: Amounts Falling Due Within One Year	7	(595,657 )		(424,339 )

NET CURRENT ASSETS (LIABILITIES)			(6,691 )		36,321

TOTAL ASSETS LESS CURRENT LIABILITIES			296,985		332,943

Creditors: Amounts Falling Due After More Than One Year	8		(521 )		(3,180 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(55,260 )		(55,260 )

NET ASSETS			241,204		274,503

CAPITAL AND RESERVES
Called up share capital	10		30,002		30,002
Profit and Loss Account			211,202		244,501

SHAREHOLDERS' FUNDS			241,204		274,503

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Powdermasters Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr William Farrell

Director

29/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Powdermasters Limited is a private company, limited by shares, incorporated in Scotland, registered number SC147144 . The registered office is Unit 4 Blairlinn Road, Blairlinn Industrial Estate, Cumbernauld, Glasgow, G67 2TF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	10% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

The charge for the year is £6,604.46 (2024 £3,441)

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 13)

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Powdermasters Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 November 2024	380,262	465,986	28,954	56,702	931,904
Additions	-	51,000	-	-	51,000

As at 31 October 2025	380,262	516,986	28,954	56,702	982,904

Depreciation
As at 1 November 2024	214,298	343,665	26,259	51,060	635,282
Provided during the period	30,945	10,917	674	1,410	43,946

As at 31 October 2025	245,243	354,582	26,933	52,470	679,228

Net Book Value
As at 31 October 2025	135,019	162,404	2,021	4,232	303,676

As at 1 November 2024	165,964	122,321	2,695	5,642	296,622

5. Stocks

	2025	2024
	£	£
Stock	195,684	189,417
Work in progress	25,322	23,996

	221,006	213,413

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	343,934	229,655
Other debtors	13,045	8,245

	356,979	237,900

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,659	2,659
Trade creditors	184,610	113,590
Bank loans and overdrafts	128,544	90,541
Other taxes and social security	17,534	4,409
VAT	6,133	17,327
Other creditors	8,944	1,173

...CONTINUED

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Powdermasters Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Accruals and deferred income	27,484	35,267
Amounts owed to parent undertaking	151,856	84,471
Amounts owed to associates	67,893	74,902

	595,657	424,339

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	521	3,180

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,659	2,659
Later than one year and not later than five years	521	3,180

	3,180	5,839

	3,180	5,839

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	30,002	30,002

11. Related Party Transactions

Clanburn Properties Limited is the parent company of Powdermasters Limited, Mr W farrell is the director of both companies and sole shareholder in Clanburn Properties Limited.

At 31st October 2025 Powdermasters Limited owed £151,856 (2024 £84,471) to Clanburn Properties Limited.

During the year rental costs of £91,000 (2024 £91,000) were paid to Clanburn Properties Limited.

Also, during the year £90,000 (2024 £75,000) of Management charges were paid to Clanburn Properties Limited.

Aaztex Coatings Hillington Limited, a company incorporated in Scotland were owed £67,893 (2024 £74,902) from Powdermasters Limited

12. Ultimate Controlling Party

The company's ultimate controlling party is Clanburn Properties Limited by virtue of his ownership of 100% of the issued share capital in the company.

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