Company Registration No. 13447444 (England and Wales)
Designer Ceramics Limited
Unaudited accounts
for the year ended 30 June 2023
Designer Ceramics Limited
Unaudited accounts
Contents
Designer Ceramics Limited
Company Information
for the year ended 30 June 2023
Company Number
13447444 (England and Wales)
Registered Office
2 EXETER STREET
COTTINGHAM
EAST RIDING OF YORKSHIRE
HU16 4LU
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Designer Ceramics Limited
Statement of financial position
as at 30 June 2023
Intangible assets
7,200
8,100
Tangible assets
34,757
193
Cash at bank and in hand
9,352
-
Creditors: amounts falling due within one year
(20,465)
(14,826)
Net current assets
6,426
6,865
Total assets less current liabilities
48,383
15,158
Creditors: amounts falling due after more than one year
(26,426)
-
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
15,352
15,121
Shareholders' funds
15,353
15,122
For the year ending 30 June 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2023 and were signed on its behalf by
Andrew Tovey
Director
Company Registration No. 13447444
Designer Ceramics Limited
Notes to the Accounts
for the year ended 30 June 2023
Designer Ceramics Limited is a private company, limited by shares, registered in England and Wales, registration number 13447444. The registered office is 2 EXETER STREET, COTTINGHAM, EAST RIDING OF YORKSHIRE, HU16 4LU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Written Down Value
Computer equipment
25% Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Expenditure on research and development is written off in the year in which it is incurred.
Designer Ceramics Limited
Notes to the Accounts
for the year ended 30 June 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
36,200
297
36,497
At 30 June 2023
36,200
554
36,754
Charge for the year
1,810
123
1,933
At 30 June 2023
1,810
187
1,997
At 30 June 2023
34,390
367
34,757
Amounts falling due within one year
Other debtors
11,438
19,789
Designer Ceramics Limited
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
807
Obligations under finance leases and hire purchase contracts
3,041
-
Taxes and social security
15,511
12,910
Other creditors
1,000
1,000
Loans from directors
853
49
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
26,426
-
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).