Powder Coatings Northern Limited - Period Ending 2017-11-30

Powder Coatings Northern Limited

Unaudited Financial Statements

for the Year Ended 30 November 2017

Registration number: 2297998

Powder Coatings Northern Limited

Contents

Page

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

Page 1

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2017

	2017 £	2016 £
Fixed assets	44,963	33,560
Current assets	201,378	158,420
Creditors: Amounts falling due within one year	(88,225)	(69,758)
Net current assets	113,153	88,662
Total assets less current liabilities	158,116	122,222
Creditors: Amounts falling due after more than one year	(17,824)	-
Accruals and deferred income	(10,250)	(10,250)
	130,042	111,972
Capital and reserves	130,042	111,972

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

A director and shareholder of the company has a joint loan account with his wife, who is also a shareholder. Their loan was overdrawn by £17,446 at the year end (2016 - £6,158) and was overdrawn to a maximum of £34,361 in the year (2016 - £49,203). No interest is charged on this loan.

Another director and shareholder of the company has a joint loan account with his wife, who is also a shareholder. This loan account was overdrawn by £5,371 at 30 November 2016 but in credit at 30 November 2017. Their loan account was overdrawn to a maximum of £24,393 in the year (2016 - £45,006). No interest is charged on this loan.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2016 - 5).

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 2017 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.

Page 2

Powder Coatings Northern Limited

(Registration number: 2297998)
Balance Sheet as at 30 November 2017

Approved and authorised by the Board on 24 August 2018 and signed on its behalf by:
 

.........................................

D Grindrod
Director

Page 3