Registration number:
Specialist Coatings International Ltd
for the Year Ended 31 October 2016
Certified
5 North Court,
Armstrong Road
Maidstone
Kent
ME15 6JZ
Specialist Coatings International Ltd
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Specialist Coatings International Ltd
Company Information
Director |
Mr M F Townsend |
Registered office |
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Accountants |
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Page 1 |
Specialist Coatings International Ltd
Director's Report for the Year Ended 31 October 2016
The director presents his report and the abridged financial statements for the year ended 31 October 2016.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is wall and floor coverings
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr M F Townsend
Director
Page 2 |
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Specialist Coatings International Ltd
for the Year Ended 31 October 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Specialist Coatings International Ltd for the year ended 31 October 2016 as set out on pages 4 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of Specialist Coatings International Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Specialist Coatings International Ltd and state those matters that we have agreed to state to the Board of Directors of Specialist Coatings International Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Coatings International Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Specialist Coatings International Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Specialist Coatings International Ltd. You consider that Specialist Coatings International Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Specialist Coatings International Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Certified
Armstrong Road
Maidstone
Kent
ME15 6JZ
Page 3 |
Specialist Coatings International Ltd
Abridged Profit and Loss Account for the Year Ended 31 October 2016
Note |
Total |
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Gross profit/(loss) |
- |
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Profit/(loss) before tax |
- |
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Profit/(loss) for the financial year |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Page 4 |
Specialist Coatings International Ltd
Statement of Comprehensive Income for the Year Ended 31 October 2016
Note |
2016 |
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Profit/(loss) for the year |
- |
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Total comprehensive income for the year |
- |
Page 5 |
Specialist Coatings International Ltd
(Registration number: 09829094)
Abridged Balance Sheet as at 31 October 2016
Note |
2016 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Mr M F Townsend
Director
Page 6 |
Specialist Coatings International Ltd
Statement of Changes in Equity for the Year Ended 31 October 2016
Share capital |
Total |
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At 1 November 2015 |
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At 31 October 2016 |
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Page 7 |
Specialist Coatings International Ltd
Notes to the Abridged Financial Statements for the Year Ended 31 October 2016
General information |
The company is a private company limited by share capital incorporated in Other.
The address of its registered office is:
The principal place of business is:
5 North Court,
Armstrong Road
Maidstone
Kent
ME15 6JZ
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 8 |