Hot Coatings Limited

Hot Coatings Limited

HOT COATINGS LIMITED - Company Information

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Company Registration No. 07559030 (England and Wales)
Hot Coatings Limited Unaudited accounts for the year ended 31 March 2023
Hot Coatings Limited Unaudited accounts Contents
Page
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Hot Coatings Limited Company Information for the year ended 31 March 2023
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) Unit 29 Loughborough Technology Centre Epinal Way Loughborough Leics LE11 3GE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hot Coatings Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hot Coatings Limited for the year ended 31 March 2023 as set out on pages 5 - 7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Hot Coatings Limited, as a body, in accordance with the terms of our engagement letter dated 13 May 2015. Our work has been undertaken solely to prepare for your approval the accounts of Hot Coatings Limited and state those matters that we have agreed to state to the Board of Directors of Hot Coatings Limited, 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hot Coatings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Hot Coatings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Hot Coatings Limited. You consider that Hot Coatings Limited 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 Hot Coatings Limited. 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.
Howell & Co (Leicester) Chartered Certified Accountants Unit 29 Loughborough Technology Centre Epinal Way Loughborough Leics LE11 3GE 5 December 2023
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Hot Coatings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
4
2,925 
134 
Cash at bank and in hand
43,779 
215 
46,704 
349 
Creditors: amounts falling due within one year
5
(58,256)
(8,079)
Net current liabilities
(11,552)
(7,730)
Net liabilities
(11,552)
(7,730)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(11,752)
(7,930)
Shareholders' funds
(11,552)
(7,730)
For the year ending 31 March 2023 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 5 December 2023 and were signed on its behalf by
Mr A Todd Director Company Registration No. 07559030
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Hot Coatings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,791 
- 
Other debtors
134 
134 
2,925 
134 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,244 
(2)
Trade creditors
440 
- 
Amounts owed to group undertakings and other participating interests
7,806 
7,931 
Accruals
300 
150 
Deferred income
44,466 
- 
58,256 
8,079 
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 £80 (2020 - £254). There was a balance of £7,531 (2020 - £7,531) due to TCEI as at the year-end. There was a balance of £400 owing to Commercial Catalyst Ltd
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Hot Coatings Limited Notes to the Accounts for the year ended 31 March 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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