Hot Coatings Limited,Ltd - AccountsLtd - Accounts
Hot Coatings Limited,Ltd - AccountsLtd - Accounts
| Registered Number:07559030 |
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
Hot Coatings Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
| Registered Number : |
| As at |
Hot Coatings Limited
Statement of Financial Position
| £ |
| £ |
2019
2020
| Notes |
| Current assets |
| Trade and other receivables |
2
| Cash and cash equivalents |
| Trade and other payables: amounts falling due within one |
| year |
(7,254 )
(7,434 )
3
(6,901)
(7,159 )
Net current liabilities
| Total assets less current liabilities |
(7,159 )
(6,901 )
(7,159 )
Net liabilities
(6,901 )
| Capital and reserves |
| Called up share capital |
| Retained earnings |
(7,359 )
(7,101 )
(7,159 )
(6,901 )
Shareholders' funds
| 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| These financial statements were approved and authorised for issue by the Board on |
| The notes form part of these financial statements |
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4
For the year ended 31 March 2020
Hot Coatings Limited
Notes to the Financial Statements
Statutory Information
| Hot Coatings Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07559030. |
| Registered address: |
Magna House
1 Green Gardens
Ullesthorpe
Leicestershire
LE17 5BJ
| The presentation currency is £ sterling. |
| 1. Accounting policies |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
| Going Concern |
| The directors have not identified any material uncertainties related to events or conditions that may cast significant |
| doubt about the company's ability to continue as a going concern. Specific markets and clients have been identified |
| for the products and services, ongoing discussions with various parties and proof of concept investigations are |
| continuing. The principal creditor of the company has a participating interest. Under the Executive Management |
| Agreement between the parties, while this agreement is extant, no payment is required to be made to the creditor |
| until the company has sufficient operating profit or cash reserves. At present the Directors have no reason to believe |
| that the agreement will not remain in force. As a result they have adopted a going concern basis of accounting. |
Revenue recognition
| 2. Trade and other receivables |
2019
2020
| £ |
| £ |
| Other debtors |
| 3. Trade and other payables: amounts falling due within one year |
2019
2020
| £ |
| £ |
| Trade creditors |
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
| Other creditors |
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5
For the year ended 31 March 2020
Hot Coatings Limited
Notes to the Financial Statements Continued
| 4. Average number of persons employed |
During the year the average number of employees was 0
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