IRIS Accounts Production v17.3.1.106 09058889 Board of Directors 1.6.16 31.5.17 31.5.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure090588892016-05-31090588892017-05-31090588892016-06-012017-05-31090588892015-05-31090588892015-06-012016-05-31090588892016-05-3109058889ns15:EnglandWales2016-06-012017-05-3109058889ns14:PoundSterling2016-06-012017-05-3109058889ns10:Director12016-06-012017-05-3109058889ns10:PrivateLimitedCompanyLtd2016-06-012017-05-3109058889ns10:SmallEntities2016-06-012017-05-3109058889ns10:AuditExempt-NoAccountantsReport2016-06-012017-05-3109058889ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-3109058889ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-3109058889ns10:FullAccounts2016-06-012017-05-3109058889ns10:Director22016-06-012017-05-3109058889ns10:RegisteredOffice2016-06-012017-05-3109058889ns5:CurrentFinancialInstruments2017-05-3109058889ns5:CurrentFinancialInstruments2016-05-3109058889ns5:ShareCapital2017-05-3109058889ns5:ShareCapital2016-05-3109058889ns5:RetainedEarningsAccumulatedLosses2017-05-3109058889ns5:RetainedEarningsAccumulatedLosses2016-05-3109058889ns5:PlantMachinery2016-05-3109058889ns5:FurnitureFittings2016-05-3109058889ns5:MotorVehicles2016-05-3109058889ns5:ComputerEquipment2016-05-3109058889ns5:PlantMachinery2016-06-012017-05-3109058889ns5:FurnitureFittings2016-06-012017-05-3109058889ns5:MotorVehicles2016-06-012017-05-3109058889ns5:ComputerEquipment2016-06-012017-05-3109058889ns5:PlantMachinery2017-05-3109058889ns5:FurnitureFittings2017-05-3109058889ns5:MotorVehicles2017-05-3109058889ns5:ComputerEquipment2017-05-3109058889ns5:PlantMachinery2016-05-3109058889ns5:FurnitureFittings2016-05-3109058889ns5:MotorVehicles2016-05-3109058889ns5:ComputerEquipment2016-05-3109058889ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-3109058889ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-31


REGISTERED NUMBER: 09058889 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

EASY COAT LIMITED
EASY COAT LIMITED (REGISTERED NUMBER: 09058889)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

EASY COAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2017







DIRECTORS: D Dungan
D Lewis





REGISTERED OFFICE: 2b Southview Park
Marsack Street
Caversham
Reading
RG4 5AF





REGISTERED NUMBER: 09058889 (England and Wales)





ACCOUNTANTS: Stewart Gilmour & Co.,
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG
EASY COAT LIMITED (REGISTERED NUMBER: 09058889)

BALANCE SHEET
31 MAY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 24,334 37,847

CURRENT ASSETS
Debtors 4 7,764 161,499
Cash at bank - 5,940
7,764 167,439
CREDITORS
Amounts falling due within one year 5 270,796 142,481
NET CURRENT (LIABILITIES)/ASSETS (263,032 ) 24,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

(238,698

)

62,805

CAPITAL AND RESERVES
Called up share capital 1,000 100
Retained earnings (239,698 ) 62,705
SHAREHOLDERS' FUNDS (238,698 ) 62,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps 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
Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2018 and were signed on its behalf
by:





D Dungan - Director

EASY COAT LIMITED (REGISTERED NUMBER: 09058889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2017

1. STATUTORY INFORMATION

Easy Coat Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
EASY COAT LIMITED (REGISTERED NUMBER: 09058889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2016 36,208 2,885 20,340 3,958 63,391
Additions - - - 148 148
Disposals - - (8,700 ) - (8,700 )
At 31 May 2017 36,208 2,885 11,640 4,106 54,839
DEPRECIATION
At 1 June 2016 14,466 1,030 8,899 1,149 25,544
Charge for year 5,436 438 1,961 726 8,561
Eliminated on disposal - - (3,600 ) - (3,600 )
At 31 May 2017 19,902 1,468 7,260 1,875 30,505
NET BOOK VALUE
At 31 May 2017 16,306 1,417 4,380 2,231 24,334
At 31 May 2016 21,742 1,855 11,441 2,809 37,847

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 4,135 650
Other debtors 3,339 3,044
Due from associated company 290 2,115
Prepayments - 155,690
7,764 161,499

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 115,774 -
Trade creditors 55,839 109,858
Tax 1,858 1,858
Social security and other taxes 2,608 5,891
VAT 34,168 22,064
Other creditors 4,717 -
Due to associated company 31,901 -
Directors' current accounts 22,891 2,810
Accrued expenses 1,040 -
270,796 142,481
EASY COAT LIMITED (REGISTERED NUMBER: 09058889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2017

6. RELATED PARTY DISCLOSURES

Included in trade creditors is an amount of 3,600 (2016: £1,803) owed to WMSR Ltd, a company in which
David Dungan is a director.

Included in debtors is an amount of £290 (2016: £407) due from WMSR Ltd, and in creditors there is an amount
of £31,901 (2016: nil) owed to Worldwide Marketing Solutions (UK) Ltd, companies in which David Dungan is
a director.

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.