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REGISTERED NUMBER: 03456993 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ceramiks Limited

Ceramiks Limited (Registered number: 03456993)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ceramiks Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Ballard
Mrs S R Ballard





SECRETARY: Mrs S R Ballard





REGISTERED OFFICE: 45/51, Wychtree Street
Morriston
Swansea
West Glamorgan
SA6 8EX





REGISTERED NUMBER: 03456993 (England and Wales)






Ceramiks Limited (Registered number: 03456993)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,867 71,165
Investments 5 200 200
47,067 71,365

CURRENT ASSETS
Stocks 560,576 471,860
Debtors 6 1,044,998 1,253,306
Cash at bank - 62,663
1,605,574 1,787,829
CREDITORS
Amounts falling due within one year 7 364,149 573,456
NET CURRENT ASSETS 1,241,425 1,214,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,288,492

1,285,738

PROVISIONS FOR LIABILITIES 7,836 17,736
NET ASSETS 1,280,656 1,268,002

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,280,556 1,267,902
SHAREHOLDERS' FUNDS 1,280,656 1,268,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ceramiks Limited (Registered number: 03456993)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





P Ballard - Director


Ceramiks Limited (Registered number: 03456993)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ceramiks 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.

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.

The financial statements have been prepared on the going concern basis, under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

The principal accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised on despatch of the goods to the customer.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles - 25% per annum
Fixtures & Fittings - 25% annum
Plant & Machinery - 25% - 33% per annum

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and, where required, an appropriate proportion of fixed and variable overheads. In general, cost is determined on a first in first out basis.


Ceramiks Limited (Registered number: 03456993)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Current and deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Profit and Loss Account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Investments held as fixed assets are shown at the lower of cost and net realisable value, less any permanent diminution in value.

Operating leases
Rentals under operating lease are charged to the Profit and Loss Account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 22 ) .

Ceramiks Limited (Registered number: 03456993)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 153,815 108 144,909 67,465 366,297
Additions 1,140 - - - 1,140
At 31 October 2023 154,955 108 144,909 67,465 367,437
DEPRECIATION
At 1 November 2022 150,917 27 104,747 39,441 295,132
Charge for year 1,211 27 15,450 8,750 25,438
At 31 October 2023 152,128 54 120,197 48,191 320,570
NET BOOK VALUE
At 31 October 2023 2,827 54 24,712 19,274 46,867
At 31 October 2022 2,898 81 40,162 28,024 71,165

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 200
NET BOOK VALUE
At 31 October 2023 200
At 31 October 2022 200

Ceramiks Limited (Registered number: 03456993)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

B J Ceramics (Wales) Limited
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 100.00
31.10.23 31.10.22
£    £   
Aggregate capital and reserves 200 200

B J Ceramics (Wales) Limited which is a wholly owned subsidiary of Ceramiks Limited is incorporated in England and Wales.
On 1 November 1998 the trade and undertaking of B J Ceramics (Wales) Limited was transferred to Ceramiks Limited. B J Ceramiks (Wales) Limited became dormant from this date.
The net assets of B J Ceramics (Wales) Limited at the balance sheet date of 31 October 2023 and at the previous balance sheet date amounted to £200.
B J Ceramics (Wales) Limited has not traded throughout the year ended 31 October 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 8,171 (2,744 )
Amounts owed by group undertakings 1,003,784 1,228,633
Other debtors 8,561 -
Prepayments and accrued income 24,482 27,417
1,044,998 1,253,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,168 -
Trade creditors - 424,037
Amounts owed to associates 200 200
Tax 1,327 -
Other Taxation and Social
Security 10,387 144,918
VAT 125,657 -
Other creditors 204,095 -
Accrued expenses 14,315 4,301
364,149 573,456

Ceramiks Limited (Registered number: 03456993)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES

During the year the company incurred a rent charge from the pension scheme of a related party. This expense amounted to £160,000 (2022 £160,000) for the year ended 31 October 2023. Recharges and advances have also been made to related parties during the year. A balance due from Tapestart Limited at 31 October 2023 and for the previous year, is showing Note 7 to the financial statements. P Ballard and S R Ballard are common directors of Tapestart Limited and Ceramiks Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Ballard.