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SPRAYWELL PAINTS (COVENTRY) LTD - Company Information

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Spraywell Paints (Coventry) Ltd

Registered Number:04547407

For the year ended 30 September 2017

England and Wales

Report of the Directors and Forecast Financial Statements

For the year ended 30 September 2017

Spraywell Paints (Coventry) Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 30 September 2017

Spraywell Paints (Coventry) Ltd

Statement of Financial Position

Registered Number :

04547407

2016

2017

Notes

Fixed assets

Property, plant and equipment

18,778

Current assets

Inventories

28,408

36,250

Trade and other receivables

18,455

25,676

20,027

Cash and cash equivalents

30,340

92,266

66,890

Trade and other payables: amounts falling due within one

year

(61,400)

(78,612)

5,490

13,654

Net current assets

Total assets less current liabilities

32,432

24,268

Trade and other payables: amounts falling due after more

than one year

(15,675)

16,757

Net assets

8,593

Capital and reserves

Called up share capital

100

Retained earnings

16,657

8,493

16,757

8,593

Shareholders' funds

For the year ended 30 September 2017 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 of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Robert Muir Director

These financial statements were approved and authorised for issue by the Board on 29 November 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 30 September 2017

Spraywell Paints (Coventry) Ltd

Notes to the Financial Statements

Statutory Information

Spraywell Paints (Coventry) Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04547407.

Registered address:

Suite 1 & 2, Hagley Golf & Country Club

Wassell Grove Lane

Hagley

West Midlands

DY9 9JW

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.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 October 2016

18,778

675

15,938

2,165

At 30 September 2017

2,165

15,938

675

18,778

At 30 September 2017

Net book value

2,165

15,938

675

18,778

At 30 September 2016

2,165

15,938

675

18,778

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For the year ended 30 September 2017

Spraywell Paints (Coventry) Ltd

Notes to the Financial Statements Continued

3. Inventories

2016

2017

Stocks

36,250

28,408

4. Trade and other receivables

2016

2017

Trade debtors

23,176

15,955

Other debtors

2,500

18,455

25,676

5. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

4,509

Trade creditors

64,153

41,479

Taxation and social security

11,020

5,415

Other creditors

3,439

9,997

78,612

61,400

6. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft

15,675

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