Registered number
04568728
Central Design Ceramics Limited
Report and Accounts
31 August 2023
Central Design Ceramics Limited
Report to the directors on the preparation of the unaudited statutory accounts of Central Design Ceramics Limited for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Central Design Ceramics Limited for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes 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
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
20 November 2023
Central Design Ceramics Limited
Registered number: 04568728
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 63,000 63,000
Tangible assets 4 775 1,163
63,775 64,163
Current assets
Stocks 10,577 13,407
Debtors 5 16,080 32,738
Cash at bank and in hand 30,030 13,361
56,687 59,506
Creditors: amounts falling due within one year 6 (57,208) (21,456)
Net current (liabilities)/assets (521) 38,050
Net assets 63,254 102,213
Capital and reserves
Called up share capital 2 2
Profit and loss account 63,252 102,211
Shareholders' funds 63,254 102,213
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Lachowicz
Director
Approved by the board on 20 November 2023
Central Design Ceramics Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover comprises the invoiced value of goods supplied by the company, net of value added tax and trade discounts.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 63,000
At 31 August 2023 63,000
Amortisation
At 31 August 2023 -
Net book value
At 31 August 2023 63,000
At 31 August 2022 63,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 29,699
At 31 August 2023 29,699
Depreciation
At 1 September 2022 28,536
Charge for the year 388
At 31 August 2023 28,924
Net book value
At 31 August 2023 775
At 31 August 2022 1,163
5 Debtors 2023 2022
£ £
Trade debtors 16,080 35,450
Other debtors - (2,712)
16,080 32,738
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,589 6,005
Corporation tax 1,724 3,463
Other taxes and social security costs 7,779 8,281
Other creditors 44,116 3,707
57,208 21,456
7 Other information
Central Design Ceramics Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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