Company Registration No. 07559030 (England and Wales)
Hot Coatings Limited
Unaudited accounts
for the year ended 31 March 2021
Hot Coatings Limited
Unaudited accounts
Contents
Hot Coatings Limited
Company Information
for the year ended 31 March 2021
Directors
Mr A Todd
Mrs C Todd
Teeside University
Company Number
07559030 (England and Wales)
Registered Office
1 GREEN GARDENS
ULLESTHORPE
LUTTERWORTH
LE17 5BJ
Accountants
Howell & Co (Leicester)
1 Bitteswell Road
Lutterworth
Leics
LE17 4EL
Hot Coatings Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
14
88
Creditors: amounts falling due within one year
(7,628)
(7,381)
Net current liabilities
(7,480)
(7,159)
Net liabilities
(7,480)
(7,159)
Called up share capital
200
200
Profit and loss account
(7,680)
(7,359)
Shareholders' funds
(7,480)
(7,159)
For the year ending 31 March 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by
Mr A Todd
Director
Company Registration No. 07559030
Hot Coatings Limited
Notes to the Accounts
for the year ended 31 March 2021
Hot Coatings Limited is a private company, limited by shares, registered in England and Wales, registration number 07559030. The registered office is 1 GREEN GARDENS, ULLESTHORPE, LUTTERWORTH, LE17 5BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Debtors: amounts falling due within one year
2021
2020
5
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
7,531
7,277
6
Transactions with related parties
The Commercial Edge Initiative LLP (TCEI) is a participator in the company.
There is an agreement by the Board and Teeside University that TCEI will receive preferential payment from revenue received or from capital raised from the sale of shares to cover outstanding commitments incurred by TCEI in the development stage of the company. This includes but is not limited to the amounts paid to date.
During the period TCEI invoiced services to the value of £254 (2019 - £180).
There was a balance of £7,531 (2019 - £7,277) due to TCEI as at the year-end.
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
