Abbeygate Ceramic Tiles Ltd |
Registered Number:05506885 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2023
Abbeygate Ceramic Tiles Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Abbeygate Ceramic Tiles Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
45,142
55,538
2
45,142
55,538
48,598
39,248
3
Trade and other receivables |
72,762
48,940
4
428,463
Cash and cash equivalents |
391,905
480,093
549,823
Trade and other payables: amounts falling due within one |
year |
(131,204)
(100,988)
5
418,619
379,105
Net current assets
Total assets less current liabilities |
424,247
474,157
424,247
Net assets
474,157
95,417
95,417
328,830
378,740
424,247
474,157
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
All the members have consented to the preparation of an Abridged Income Statement for the year ended 31 July 2023 in accordance with Section 444 (2A) of the Companies Act 2006. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 09 January 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 July 2023
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements
Statutory Information
Abbeygate Ceramic Tiles Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 05506885. |
14 Greyfriars Road
Bury St Edmunds
Suffolk
IP32 7DX
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 31 July 2023
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
146,244
43,666
85,896
417
16,265
3,863
3,863
-
-
-
-
-
-
1,006
1,006
417
85,896
48,535
151,113
16,265
Provision for depreciation and impairment |
90,706
41,131
36,062
319
13,194
Charge for year
15,265
2,014
12,459
25
767
105,971
43,145
48,521
344
13,961
2,304
73
37,375
5,390
45,142
3,071
98
49,834
2,535
55,538
2022
2023
39,248
48,598
4. Trade and other receivables |
2022
2023
44,666
66,129
4,274
6,633
72,762
48,940
5. Trade and other payables: amounts falling due within one year |
2022
2023
62,149
80,630
Taxation and social security |
33,624
45,917
5,215
4,657
100,988
131,204
3 of 4
For the year ended 31 July 2023
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 7 (2022 : 6)
4 of 4