Powder Coatings Northern Limited - Period Ending 2022-11-30

Powder Coatings Northern Limited

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Company Information	1
Balance Sheet	2 to 3

Powder Coatings Northern Limited

Company Information

Directors

D Grindrod A Grindrod

Company secretary

G Grindrod

Registered office

Stanmore House 64-68 Blackburn Street Radcliffe Manchester M26 2JS

Accountants

Gortons Chartered Accountants Stanmore House 64-68 Blackburn Street Radcliffe Manchester M26 2JS

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2022

	2022 £	2021 £
Fixed assets	20,344	24,768
Current assets	220,619	162,676
Creditors: Amounts falling due within one year	(87,638)	(92,432)
Net current assets	132,981	70,244
Total assets less current liabilities	153,325	95,012
Accruals and deferred income	(15,050)	(14,150)
	138,275	80,862
Total capital and reserves	138,275	80,862

Notes to the Financial Statements

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 £19,538 from a director of the company who has a joint loan account with his wife, who is also a shareholder. The loan account was overdrawn to a maximum of £27,430 (2021 - £10,985). During the year the company made total advances of £71,704 and received credits of £63,151. No interest is charged on this loan which is repayable on demand.

Another director and shareholder of the company has a joint loan account with his wife, who is also a shareholder. This loan account was in credit at both the 2021 and 2022 year ends but was overdrawn to a maximum of £1,917 in the year.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2021 - 8).

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 £142 (2021 - £109).

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2022

These financial statements 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 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 20 November 2023 and signed on its behalf by:
 

......................................... D Grindrod Director