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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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POWDER COATING SERVICES (SOUTH EAST) |
LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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POWDER COATING SERVICES (SOUTH EAST) |
LIMITED |
POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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POWDER COATING SERVICES (SOUTH EAST) |
LIMITED |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Suite 15 |
The Enterprise Centre |
Coxbridge Business Park |
Farnham |
Surrey |
GU10 5EH |
POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | 7 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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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. |
POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Balance Sheet - continued |
31 December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Powder Coating Services (South East) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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3. | TANGIBLE FIXED ASSETS |
Long | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
COST |
At 1 January 2017 |
and 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade creditors |
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VAT | 758 | 1,053 |
Intercompany account | 20,096 | - |
Directors' current accounts | 20,096 | 40,192 |
Accruals and deferred income |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
value: | £ | £ |
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Ordinary share capital | 1 | 2 | 2 |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2017 | ( |
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Deficit for the year | ( |
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At 31 December 2017 | ( |
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8. | RELATED PARTY DISCLOSURES |
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Mr. P.W. Matthews is the managing director and majority shareholder. He is also director and majority shareholder |
in Conservatory Blinds Limited. Balance of loan taken from Conservatory Blinds Limited was £20,096 as on 31st |
December, 2017. |
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Further, Mr. J Keegan is also the majority shareholder. He is also director and majority shareholder in Conservatory |
Blinds Design & Manufacturing Limited. During the year, majority sales were made to Conservatory Blinds Design |
& Manufacturing Limited. The value of sales was £10,106.65 and amount receivable as at 31st December 2017 was |
£800. |
POWDER COATING SERVICES (SOUTH EAST) |
LIMITED (REGISTERED NUMBER: 07694187) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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9. | ULTIMATE CONTROLLING PARTY |
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The Company is under control of Mr J.K. Keegan and Mr. P.W. Matthews who hold 50% paid up share capital of |
the company each. Both are also directors of the company. |
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10. | GOING CONCERN |
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The directors have confirmed that they will continue to give financial support to the company until such time as its |
position improves. In addition, the directors have confirmed that they will not recall their loans within 12 months. |
The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The |
financial statements do not include any adjustments that would result if the financial support was withdrawn. |