REGISTERED NUMBER: 10272317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

ADVANCED SURFACE TREATMENTS (COVENTRY)

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Symes

R M Hurrell

C J Stephen

Mrs D J Symes

REGISTERED OFFICE:

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

REGISTERED NUMBER:

10272317 (England and Wales)

ACCOUNTANTS:

Thorne Lancaster Parker

5th Floor

Palladium House

1-4 Argyll Street

London

W1F 7TA

FIXED ASSETS

Intangible assets

5

13,405

25,982

Property, plant and equipment

6

653,120

596,375

666,525

622,357

CURRENT ASSETS

Inventories

7

74,430

82,263

Debtors

8

1,568,477

2,121,764

Cash in hand

(11

)

55

1,642,896

2,204,082

CREDITORS

Amounts falling due within one year

9

(1,944,979

)

(2,273,973

)

NET CURRENT LIABILITIES

(302,083

)

(69,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

364,442

552,466

CAPITAL AND RESERVES

Called up share capital

12

50,000

50,000

Retained earnings

13

314,442

502,466

SHAREHOLDERS' FUNDS

364,442

552,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Other comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2026 and were signed on its behalf by:

R J Symes - Director

1.	STATUTORY INFORMATION

Advanced Surface Treatments (Coventry) 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Going concern

The directors of the company have reviewed cash flow forecasts and budgets for 2020 and 2021 and based on these the directors are of the opinion that it is appropriate for the company to prepare accounts on a going concern basis.

Revenue

Revenue represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Property, plant and equipment are initially measured at cost (or deemed cost) and are subsequently measured at cost or valuation, net of depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration initially recorded at cost.

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

Fixtures and fittings

over 10 years

Motor Vehicles

over 10 years

Computer Equipment

over 10 years

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Stocks

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

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

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, where the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and the contributions actually paid are shown as either accruals or prepayments.

Financial instruments

The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets

Trade and other debtors, and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

b) Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

c) Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 45 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

125,770

AMORTISATION

At 1 September 2024

99,788

Amortisation for year

12,577

At 31 August 2025

112,365

NET BOOK VALUE

At 31 August 2025

13,405

At 31 August 2024

25,982

6.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2024

1,180,235

77,794

1,258,029

Additions

9,535

-

9,535

Disposals

(8,972

)

-

(8,972

)

At 31 August 2025

1,180,798

77,794

1,258,592

DEPRECIATION

At 1 September 2024

599,302

62,352

661,654

Charge for year

161,629

7,094

168,723

Charge written back

(202,856

)

(22,049

)

(224,905

)

At 31 August 2025

558,075

47,397

605,472

NET BOOK VALUE

At 31 August 2025

622,723

30,397

653,120

At 31 August 2024

580,933

15,442

596,375

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

Plant and

machinery

£

COST

At 1 September 2024

53,890

Disposals

(8,972

)

At 31 August 2025

44,918

DEPRECIATION

Charge for year

11,218

At 31 August 2025

11,218

NET BOOK VALUE

At 31 August 2025

33,700

At 31 August 2024

53,890

7.	INVENTORIES

2025

2024

£

£

Stocks

74,430

82,263

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

709,432

1,179,584

Amounts owed by group undertakings

771,444

844,950

Prepayments and accrued income

87,601

97,230

1,568,477

2,121,764

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

274,668

677,092

Other loans

147,564

241,619

Hire purchase contracts (see note 10)

14,645

29,090

Trade creditors

666,998

557,793

Tax

222,926

202,942

Social security and other taxes

173,900

239,541

Other creditors

312,480

170,336

Accruals and deferred income

131,798

155,560

1,944,979

2,273,973

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

14,645

29,090

Non-cancellable

operating leases

2025

2024

£

£

Within one year

65,000

65,000

Between one and five years

35,000

100,000

100,000

165,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

274,668

677,092

The invoice discounting facility is secured by an all assets charge incorporating a fixed and floating charge over all the assets, present and future, of the company.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50,000

Ordinary

1

50,000

50,000

13.

RESERVES

Retained

earnings

£

At 1 September 2024

502,466

Profit for the year

177,276

Dividends

(365,300

)

At 31 August 2025

314,442

14.	RELATED PARTY DISCLOSURES

Metal Colours Holdings Limited

Parent undertaking

At the balance sheet date Metal Colours Holdings Limited owed £685,859 (2024: £817,669) to the Company. The amount is unsecured, interest free and there is no fixed date for repayment.

Alpha Industrial Limited

Fellow subsidiary

At the balance sheet date, Alpha Industrial Limited owed £74,900 (2024: £16,939) to the Company. The amount is unsecured, interest free and there is no fixed date for repayment.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Metal Colours Holdings Limited.

The ultimate controlling party is R J Symes.