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REGISTERED NUMBER: 07925279 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st March 2023

for

UK Ceilings Limited

UK Ceilings Limited (Registered number: 07925279)






Contents of the Financial Statements
For The Year Ended 31st March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


UK Ceilings Limited

Company Information
For The Year Ended 31st March 2023







DIRECTOR: S A May





REGISTERED OFFICE: 106 Charter Avenue
Ilford
Essex
IG2 7AD





REGISTERED NUMBER: 07925279 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

UK Ceilings Limited (Registered number: 07925279)

Statement of Financial Position
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,884 3,845

CURRENT ASSETS
Stocks 5 114,500 95,692
Debtors 6 28,577 74,450
Cash at bank 10,292 62,752
153,369 232,894
CREDITORS
Amounts falling due within one year 7 39,952 38,503
NET CURRENT ASSETS 113,417 194,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,301

198,236

PROVISIONS FOR LIABILITIES 731 731
NET ASSETS 115,570 197,505

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 115,470 197,405
SHAREHOLDERS' FUNDS 115,570 197,505

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

UK Ceilings Limited (Registered number: 07925279)

Statement of Financial Position - continued
31st 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 17th April 2024 and were signed by:





S A May - Director


UK Ceilings Limited (Registered number: 07925279)

Notes to the Financial Statements
For The Year Ended 31st March 2023

1. STATUTORY INFORMATION

UK Ceilings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

UK Ceilings Limited (Registered number: 07925279)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 7,000 11,050 18,050
DEPRECIATION
At 1st April 2022 6,606 7,599 14,205
Charge for year 98 863 961
At 31st March 2023 6,704 8,462 15,166
NET BOOK VALUE
At 31st March 2023 296 2,588 2,884
At 31st March 2022 394 3,451 3,845

5. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 114,500 95,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 23,445
Other debtors 28,577 51,005
28,577 74,450

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 27,980 29,311
Social security and other taxes - 126
Other creditors 7,979 3,515
Directors' current accounts 93 501
Accrued expenses 3,900 5,050
39,952 38,503

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £41,200 (2022 - £45,000) were paid to the director .

The company was under the control of its director, S A May, throughout the accounting period.
The balance outstanding on the directors loan account at the balance sheet date was £94.
(2022: £501). The loan is interest free and has no fixed repayment date.

The controlling party is S A May.