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REGISTERED NUMBER: 02105889















Financial Statements for the Year Ended 31 March 2023

for

HEMAX CEILINGS LIMITED

HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


HEMAX CEILINGS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr James Ellingham Esq





REGISTERED OFFICE: 96
Sutherland Avenue
Biggin hill
Kent
TN16 3HH





REGISTERED NUMBER: 02105889





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Statement of Financial Position
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,732 40,109

CURRENT ASSETS
Stocks 2,050 1,970
Debtors 5 23,512 53,708
Cash at bank 112,539 255,177
138,101 310,855
CREDITORS
Amounts falling due within one year 6 (21,673 ) (171,251 )
NET CURRENT ASSETS 116,428 139,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,160

179,713

CREDITORS
Amounts falling due after more than one
year

7

-

(21,050

)

PROVISIONS FOR LIABILITIES (685 ) (7,621 )
NET ASSETS 119,475 151,042

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 119,375 150,942
SHAREHOLDERS' FUNDS 119,475 151,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Statement of Financial Position - continued
31 MARCH 2023


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

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

The financial statements were approved by the director and authorised for issue on 15 May 2023 and were signed by:





Mr James Ellingham Esq - Director


HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Hemax Ceilings Limited is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Fixtures and fittings - 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 159,958
Disposals (64,491 )
At 31 March 2023 95,467
DEPRECIATION
At 1 April 2022 119,849
Charge for year 819
Eliminated on disposal (28,933 )
At 31 March 2023 91,735
NET BOOK VALUE
At 31 March 2023 3,732
At 31 March 2022 40,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 21,689 22,551
Tax - 24,604
VAT 1,823 6,553
23,512 53,708

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) - 125,973
Trade creditors 3,068 22,525
Taxation and social security 5,463 7,086
Other creditors 13,142 15,667
21,673 171,251

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) - 21,050

HEMAX CEILINGS LIMITED (REGISTERED NUMBER: 02105889)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 125,973

Amounts falling due between one and two years:
Bank loans - 1-2 years - 21,050

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 150,942
Deficit for the year (29,567 )
Dividends (2,000 )
At 31 March 2023 119,375

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,980 (2022 - £1,980) were paid to the director .