Alliance Powder Coatings Limited - Accounts to registrar (filleted) - small 22.3

Alliance Powder Coatings Limited - Accounts to registrar (filleted) - small 22.3

ALLIANCE POWDER COATINGS LIMITED - Company Information

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REGISTERED NUMBER: 06969750 (England and Wales)















Financial Statements for the Year Ended 30 September 2022

for

Alliance Powder Coatings Limited
DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY








Alliance Powder Coatings Limited (Registered number: 06969750)






Contents of the Financial Statements
for the Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alliance Powder Coatings Limited

Company Information
for the Year Ended 30 September 2022







DIRECTOR: K Walley





REGISTERED OFFICE: Unit 8
Curran Road Industrial Estate
Curran Road
Cardiff
CF10 5DF





REGISTERED NUMBER: 06969750 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY
Page 1
Alliance Powder Coatings Limited (Registered number: 06969750)

Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,495 14,369

CURRENT ASSETS
Stocks 4,298 9,582
Debtors 5 56,742 49,765
Cash at bank 102,035 84,092
163,075 143,439
CREDITORS
Amounts falling due within one year 6 60,834 55,754
NET CURRENT ASSETS 102,241 87,685
TOTAL ASSETS LESS CURRENT
LIABILITIES
113,736
102,054

CREDITORS
Amounts falling due after more than one
year
7
(31,080
)
(34,797
)

PROVISIONS FOR LIABILITIES (2,552 ) (2,552 )
NET ASSETS 80,104 64,705

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 80,101 64,702
SHAREHOLDERS' FUNDS 80,104 64,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
Alliance Powder Coatings Limited (Registered number: 06969750)

Balance Sheet - continued
30 September 2022


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 director and authorised for issue on 23 June 2023 and were signed by:





K Walley - Director


The notes form part of these financial statements

Page 3
Alliance Powder Coatings Limited (Registered number: 06969750)

Notes to the Financial Statements
for the Year Ended 30 September 2022

1. STATUTORY INFORMATION

Alliance Powder Coatings 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Fixed assets are stated at cost.

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

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.

Page 4 continued...
Alliance Powder Coatings Limited (Registered number: 06969750)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2021
and 30 September 2022 41,976
DEPRECIATION
At 1 October 2021 27,607
Charge for year 2,874
At 30 September 2022 30,481
NET BOOK VALUE
At 30 September 2022 11,495
At 30 September 2021 14,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 50,905 45,707
Other debtors 5,837 4,058
56,742 49,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,460 6,427
Trade creditors 23,893 25,781
Taxation and social security 17,068 13,681
Other creditors 15,413 9,865
60,834 55,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 31,080 34,797

8. ULTIMATE CONTROLLING PARTY

The controlling party is K Walley.

Page 5