Prestige Welding And Powder Coating Ltd

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

Registered number: 06447533

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		206,296		361,213

			206,296		361,213
CURRENT ASSETS
Stocks	5	10,000		10,000
Debtors	6	105,066		47,137
Cash at bank and in hand		66,116		63,897

		181,182		121,034
Creditors: Amounts Falling Due Within One Year	7	(46,150 )		(30,799 )

NET CURRENT ASSETS (LIABILITIES)			135,032		90,235

TOTAL ASSETS LESS CURRENT LIABILITIES			341,328		451,448

Creditors: Amounts Falling Due After More Than One Year	8		(63,314 )		(108,890 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,691 )		(6,691 )

NET ASSETS			271,323		335,867

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			271,322		335,866

SHAREHOLDERS' FUNDS			271,323		335,867

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Prestige Welding And Powder Coating Ltd

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Kevin Reid

Director

08/08/2026

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

1. General Information

Prestige Welding And Powder Coating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06447533 . The registered office is Unit 1 Brunel Units, Brunel Road, Gorse Lane Industrial Estate, Clacton-On-Sea, Essex, CO15 4LU.

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	No Charge
Plant & Machinery	25% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	33.3% Straight Line

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

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Prestige Welding And Powder Coating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 December 2024	321,359	192,668	71,314	487
Additions	-	-	-	-
Disposals	(140,000 )	-	-	-

As at 30 November 2025	181,359	192,668	71,314	487

Depreciation
As at 1 December 2024	-	189,944	34,185	487
Provided during the period	-	2,724	12,493	-

As at 30 November 2025	-	192,668	46,678	487

Net Book Value
As at 30 November 2025	181,359	-	24,636	-

As at 1 December 2024	321,359	2,724	37,129	-


	Computer Equipment	Total
	£	£
Cost
As at 1 December 2024	5,608	591,436
Additions	300	300
Disposals	-	(140,000 )

As at 30 November 2025	5,908	451,736

Depreciation
As at 1 December 2024	5,607	230,223
Provided during the period	-	15,217

As at 30 November 2025	5,607	245,440

Net Book Value
As at 30 November 2025	301	206,296

As at 1 December 2024	1	361,213

5. Stocks

	2025	2024
	£	£
Stock	10,000	10,000

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Prestige Welding And Powder Coating Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,880	20,812
Amounts owed by group undertakings	32,292	25,042
Other debtors	70,894	1,283

	105,066	47,137

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	24,128	-
Trade creditors	3,400	11,622
Bank loans and overdrafts	11,613	-
Other creditors	6,866	11,371
Taxation and social security	143	7,806

	46,150	30,799

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	27,300
Bank loans	63,314	81,590

	63,314	108,890

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	24,128	-
Later than one year and not later than five years	-	27,300

	24,128	27,300

	24,128	27,300

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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