CUSTOM WYTELYNE POWDER COATING LIMITED

CUSTOM WYTELYNE POWDER COATING LIMITED

CUSTOM WYTELYNE POWDER COATING LIMITED - Company Information

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CUSTOM WYTELYNE POWDER COATING LIMITED

Company Registration Number:
02994947 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CUSTOM WYTELYNE POWDER COATING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CUSTOM WYTELYNE POWDER COATING LIMITED

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 1 1
Tangible assets: 4 85,818 100,335
Total fixed assets: 85,819 100,336
Current assets
Stocks: 40,087 40,156
Debtors:   282,861 297,561
Cash at bank and in hand: 83,445 79,236
Total current assets: 406,393 416,953
Creditors: amounts falling due within one year:   (149,119) (178,090)
Net current assets (liabilities): 257,274 238,863
Total assets less current liabilities: 343,093 339,199
Creditors: amounts falling due after more than one year: 5 (5,000) (15,000)
Provision for liabilities: (21,450) (19,064)
Total net assets (liabilities): 316,643 305,135
Capital and reserves
Called up share capital: 184 194
Other reserves: 116 106
Profit and loss account: 316,343 304,835
Shareholders funds: 316,643 305,135

The notes form part of these financial statements

CUSTOM WYTELYNE POWDER COATING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: HM Gould
Status: Director

The notes form part of these financial statements

CUSTOM WYTELYNE POWDER COATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CUSTOM WYTELYNE POWDER COATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 21 25

CUSTOM WYTELYNE POWDER COATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 1
At 31 December 2023 1
Net book value
At 31 December 2023 1
At 31 December 2022 1

CUSTOM WYTELYNE POWDER COATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 481,217
Additions 15,291
At 31 December 2023 496,508
Depreciation
At 01 January 2023 380,882
Charge for year 29,808
At 31 December 2023 410,690
Net book value
At 31 December 2023 85,818
At 31 December 2022 100,335

CUSTOM WYTELYNE POWDER COATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due after more than one year note

Included in creditors falling due within and after more than one year are amounts totalling £15,000 (2022 - £25,000) in respect of obligations under hire purchase contracts which are secured against the related assets.