Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2024

	2024 £	2023 £
Fixed assets	13,848	16,760
Current assets	161,545	210,979
Creditors: Amounts falling due within one year	(96,853)	(69,318)
Net current assets	64,692	141,661
Total assets less current liabilities	78,540	158,421
Accruals and deferred income	(2,100)	(2,800)
	76,440	155,621
Total capital and reserves	76,440	155,621

Notes to the Financial Accounts

1	General information

The company is a private company limited by share capital, incorporated in England and Wales. The address of its registered office is Stanmore House, 64-68 Blackburn Street, Radcliffe, Manchester, M26 2JS.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Related party transactions

At the year end the company was owed £25,961 from a former director (also a former shareholder of the company) who has a joint loan account with his wife (also a former shareholder). The loan account was overdrawn to a maximum of £58,454 in the year (2023 - £34,765). During the year the company made total advances of £67,375 and received credits of £74,346. Interest has been charged on this loan on a commercial basis and it is repayable on demand.

Another former director (also a former shareholder of the company) has a joint loan account with his wife (also a former shareholder). This loan account was in credit at both the 2023 and 2024 year ends but was overdrawn to a maximum of £7,047 in the year.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 7).

4	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are employer pension contributions paid after date of £181 (2023 - £146).

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2024

These financial accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 24 November 2025, and confirmed on the Board's behalf by:

......................................... B Grindrod Director