North West Powder Coating Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07163483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

NORTH WEST POWDER COATING SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Ball

Mrs A Winstanley

REGISTERED OFFICE:

Unit 7 Primrose Mill

Friday Street

Chorley

Lancashire

PR6 0AA

REGISTERED NUMBER:

07163483 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

333,347

346,246

CURRENT ASSETS

Stocks

5

150,626

131,282

Debtors

6

169,597

156,394

Cash at bank

115,717

172,170

435,940

459,846

CREDITORS

Amounts falling due within one year

7

334,447

305,695

NET CURRENT ASSETS

101,493

154,151

TOTAL ASSETS LESS CURRENT
LIABILITIES

434,840

500,397

CREDITORS

Amounts falling due after more than one
year

8

(248,448

)

(315,321

)

PROVISIONS FOR LIABILITIES

9

(47,826

)

(56,569

)

NET ASSETS

138,566

128,507

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

138,466

128,407

138,566

128,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

Mrs A Winstanley - Director

S J Ball - Director

1.	STATUTORY INFORMATION

North West Powder Coating Services Ltd 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.

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.

Improvements to property

-

5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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 Income Statement, 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

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.

Going concern

The Directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2025 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 February 2025

61,227

777,501

20,057

99,690

958,475

Additions

-

8,912

845

38,949

48,706

At 31 January 2026

61,227

786,413

20,902

138,639

1,007,181

DEPRECIATION

At 1 February 2025

21,560

555,478

10,972

24,219

612,229

Charge for year

3,062

33,535

2,083

22,925

61,605

At 31 January 2026

24,622

589,013

13,055

47,144

673,834

NET BOOK VALUE

At 31 January 2026

36,605

197,400

7,847

91,495

333,347

At 31 January 2025

39,667

222,023

9,085

75,471

346,246

5.

STOCKS

31/1/26

31/1/25

£

Stocks

95,000

87,000

Work-in-progress

55,626

44,282

150,626

131,282

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Trade debtors

155,943

142,867

Other debtors

11,402

Prepayments

2,252

2,125

169,597

156,394

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

Hire purchase contracts

22,236

21,170

Trade creditors

72,256

58,737

Tax

16,912

-

Social security and other taxes

10,283

4,771

VAT

95,272

102,791

Other creditors

90,037

Directors' current accounts

22,431

20,715

Accrued expenses

5,020

7,474

334,447

305,695

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/1/26

31/1/25

£

Hire purchase contracts

65,550

42,423

Other creditors

182,898

272,898

248,448

315,321

9.	PROVISIONS FOR LIABILITIES

31/1/26

31/1/25

£

Deferred tax

47,826

56,569

Deferred

tax

£

Balance at 1 February 2025

56,569

Credit to Income Statement during year

(8,743

)

Balance at 31 January 2026

47,826