2022-08-01 05506885 2023-07-31 05506885 2022-08-01 2023-07-31 05506885 2022-07-31 05506885 2021-08-01 2022-07-31 05506885 uk-core:WithinOneYear 2022-07-31 05506885 uk-core:WithinOneYear 2023-07-31 05506885 uk-core:ShareCapital 2023-07-31 05506885 uk-core:ShareCapital 2022-07-31 05506885 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 05506885 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 05506885 uk-bus:Director1 2022-08-01 2023-07-31 05506885 uk-core:FurnitureFittings 2022-07-31 05506885 uk-core:MotorVehicles 2022-07-31 05506885 uk-core:PlantMachinery 2022-07-31 05506885 uk-core:Buildings 2022-07-31 05506885 uk-core:FurnitureFittings 2022-08-01 2023-07-31 05506885 uk-core:MotorVehicles 2022-08-01 2023-07-31 05506885 uk-core:PlantMachinery 2022-08-01 2023-07-31 05506885 uk-core:Buildings 2022-08-01 2023-07-31 05506885 uk-core:PlantMachinery 2023-07-31 05506885 uk-core:MotorVehicles 2023-07-31 05506885 uk-core:FurnitureFittings 2023-07-31 05506885 uk-core:Buildings 2023-07-31 iso4217:GBP xbrli:pure 05506885 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05506885 uk-bus:FRS102 2022-08-01 2023-07-31 05506885 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 05506885 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
Abbeygate Ceramic Tiles Ltd
Registered Number:05506885
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
05506885
As at 31 July 2023
Abbeygate Ceramic Tiles Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
45,142
55,538
2
45,142
55,538
Current assets
Inventories
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
Capital and reserves
Called up share capital
95,417
95,417
Retained earnings
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.
PH Branch Director
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
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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.
Registered address:
14 Greyfriars Road
Bury St Edmunds
Suffolk
IP32 7DX
The presentation currency is £ sterling.
1. Accounting policies
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.
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5
For the year ended 31 July 2023
Abbeygate Ceramic Tiles Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 August 2022
146,244
43,666
85,896
417
16,265
3,863
3,863
-
-
-
Additions
Transfers
-
-
-
1,006
1,006
At 31 July 2023
417
85,896
48,535
151,113
16,265
Provision for depreciation and impairment
At 01 August 2022
90,706
41,131
36,062
319
13,194
Charge for year
15,265
2,014
12,459
25
767
At 31 July 2023
105,971
43,145
48,521
344
13,961
At 31 July 2023
Net book value
2,304
73
37,375
5,390
45,142
At 31 July 2022
3,071
98
49,834
2,535
55,538
3. Inventories
2022
2023
£
£
Stocks
39,248
48,598
4. Trade and other receivables
2022
2023
£
£
Trade debtors
44,666
66,129
Other debtors
4,274
6,633
72,762
48,940
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
62,149
80,630
Taxation and social security
33,624
45,917
Other creditors
5,215
4,657
100,988
131,204
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6
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)
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