Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06204172 2021-04-01 2022-03-31 06204172 2020-04-01 2021-03-31 06204172 2022-03-31 06204172 2021-03-31 06204172 c:CompanySecretary1 2021-04-01 2022-03-31 06204172 c:Director1 2021-04-01 2022-03-31 06204172 c:Director2 2021-04-01 2022-03-31 06204172 c:RegisteredOffice 2021-04-01 2022-03-31 06204172 d:FurnitureFittings 2021-04-01 2022-03-31 06204172 d:FurnitureFittings 2022-03-31 06204172 d:FurnitureFittings 2021-03-31 06204172 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 06204172 d:OfficeEquipment 2021-04-01 2022-03-31 06204172 d:CurrentFinancialInstruments 2022-03-31 06204172 d:CurrentFinancialInstruments 2021-03-31 06204172 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06204172 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 06204172 d:ShareCapital 2022-03-31 06204172 d:ShareCapital 2021-03-31 06204172 d:RetainedEarningsAccumulatedLosses 2022-03-31 06204172 d:RetainedEarningsAccumulatedLosses 2021-03-31 06204172 c:FRS102 2021-04-01 2022-03-31 06204172 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 06204172 c:FullAccounts 2021-04-01 2022-03-31 06204172 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06204172 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2021-04-01 2022-03-31 06204172 2 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 06204172







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


E P CERAMICS LIMITED






































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E P CERAMICS LIMITED
 


 
COMPANY INFORMATION


Directors
M S Drye 
J Brown 




Company secretary
G M Drye



Registered number
06204172



Registered office
Unit 17
Red Lion Business Park

Red Lion Road

Surbiton

Surrey

KT6 7QD




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


E P CERAMICS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


E P CERAMICS LIMITED
REGISTERED NUMBER:06204172



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,244
3,869

  
2,244
3,869

Current assets
  

Stocks
  
100,000
160,000

Debtors: amounts falling due within one year
 5 
1,036,388
949,738

Cash at bank and in hand
  
1,504,855
1,424,893

  
2,641,243
2,534,631

Creditors: amounts falling due within one year
 6 
(396,375)
(323,480)

Net current assets
  
 
 
2,244,868
 
 
2,211,151

Total assets less current liabilities
  
2,247,112
2,215,020

Provisions for liabilities
  

Deferred tax
  
(561)
(735)

  
 
 
(561)
 
 
(735)

Net assets
  
2,246,551
2,214,285

Page 1

 


E P CERAMICS LIMITED
REGISTERED NUMBER:06204172


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

2022
2021
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,246,451
2,214,185

  
2,246,551
2,214,285


The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


M S Drye
Director

Date: 12 September 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

E P Ceramics Limited is a private company limited by shares and incorporated in England and Wales. Details of the company's registered office can be found on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Coronavirus pandemic is creating significant uncertainty globally and the company is not immune to this.
The directors are working to ensure the safety of their employees and maintaining the continuity of their operations as far as they are able, whilst adhering to Government advice. Whilst the pandemic will have a financial impact on the company, at this stage it is not possible to reliably forecast what this may be. However,
the directors have taken all relevant measures to ensure they are able to safeguard cashflow, jobs and customers to put them in the best possible position to be able to pick up on opportunities as they arise once business starts to return to normal. The company also has a healthy profit and loss reserve and overdraft facility to support any fall in trading activities.
Given the uncertainties that exist, this may cast significant doubt on the Company’s ability to continue as a going concern, however, the Directors believe that the actions they have taken should enable them to continue in operational existence.

 
2.3

Revenue

The turnover shown in the profit and loss account represents amounts receivable for the sale and installation of ceramic flooring during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
 
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Fixtures and fittings
-
Straight line over 3 years
Office equipment
-
Straight line over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Page 4

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2021 - 11).

Page 5

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2021
21,502



At 31 March 2022

21,502



Depreciation


At 1 April 2021
17,633


Charge for the year on owned assets
1,625



At 31 March 2022

19,258



Net book value



At 31 March 2022
2,244



At 31 March 2021
3,869


5.


Debtors

2022
2021
£
£


Trade debtors
459,982
81,716

Other debtors
253,148
282,206

Prepayments and accrued income
323,258
585,816

1,036,388
949,738



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
239,652
247,642

Corporation tax
69,697
18,477

Other taxation and social security
37,722
44,019

Other creditors
40,844
5,142

Accruals and deferred income
8,460
8,200

396,375
323,480


Page 6

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Transactions with directors

As at 31 March 2022, the company was owed £64,129 by the directors (2021: £101,691). During the year the directors have received advances of £63,779 (2021: £nil) from the company and made repayments of £101,691 (2021: £nil). Interest of £350 (2021: £nil)  was charged on the directors loan balances.
During the year the company has paid rent charges of £60,000 (2021: £60,000) to the directors.

 
Page 7