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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
Page
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Designer Ceramics Limited Company Information for the year ended 30 June 2023
Director
Andrew Tovey
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
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Designer Ceramics Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,200 
8,100 
Tangible assets
34,757 
193 
41,957 
8,293 
Current assets
Debtors
17,539 
21,691 
Cash at bank and in hand
9,352 
- 
26,891 
21,691 
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
Deferred tax
(6,604)
(36)
Net assets
15,353 
15,122 
Capital and reserves
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
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Designer Ceramics Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Pension costs
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Designer Ceramics Limited Notes to the Accounts for the year ended 30 June 2023
Leased assets
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 
£ 
Cost
At 1 July 2022
9,000 
At 30 June 2023
9,000 
Amortisation
At 1 July 2022
900 
Charge for the year
900 
At 30 June 2023
1,800 
Net book value
At 30 June 2023
7,200 
At 30 June 2022
8,100 
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
- 
257 
257 
Additions
36,200 
297 
36,497 
At 30 June 2023
36,200 
554 
36,754 
Depreciation
At 1 July 2022
- 
64 
64 
Charge for the year
1,810 
123 
1,933 
At 30 June 2023
1,810 
187 
1,997 
Net book value
At 30 June 2023
34,390 
367 
34,757 
At 30 June 2022
- 
193 
193 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,001 
433 
Trade debtors
100 
1,469 
Other debtors
11,438 
19,789 
17,539 
21,691 
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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 
- 
Trade creditors
60 
60 
Taxes and social security
15,511 
12,910 
Other creditors
1,000 
1,000 
Loans from directors
853 
49 
20,465 
14,826 
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).
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