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REGISTERED NUMBER: 11039052 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

P. DAVID CERAMICS UK LIMITED

P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

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


P. DAVID CERAMICS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr P David





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 11039052 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,807 27,127

CURRENT ASSETS
Inventories 5 192,500 138,500
Debtors 6 21,149 18,472
Cash at bank and in hand 3,750 2,199
217,399 159,171
CREDITORS
Amounts falling due within one year 7 541,753 439,411
NET CURRENT LIABILITIES (324,354 ) (280,240 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(301,547

)

(253,113

)

CREDITORS
Amounts falling due after more than one
year

8

20,000

30,000
NET LIABILITIES (321,547 ) (283,113 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (321,647 ) (283,213 )
SHAREHOLDERS' FUNDS (321,547 ) (283,113 )

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 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.

P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mr P David - Director


P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

P. David Ceramics UK 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.

Turnover
Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 40,400 4,896 9,650 9,524 64,470
Additions - 1,600 - - 1,600
At 31 October 2023 40,400 6,496 9,650 9,524 66,070
DEPRECIATION
At 1 November 2022 23,852 2,738 4,709 6,044 37,343
Charge for year 3,310 752 988 870 5,920
At 31 October 2023 27,162 3,490 5,697 6,914 43,263
NET BOOK VALUE
At 31 October 2023 13,238 3,006 3,953 2,610 22,807
At 31 October 2022 16,548 2,158 4,941 3,480 27,127

5. INVENTORIES
31.10.23 31.10.22
£    £   
Stocks 192,500 138,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 16,578 18,239
Prepayments 4,571 233
21,149 18,472

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 37,677 183,173
Social security and other taxes 1,133 2,199
Amounts due to related party 208,000 -
VAT 14,865 3,929
Shareholder loans 130,500 130,500
Deposits received - 28,999
Pension 199 -
Directors' current accounts 136,629 77,861
Accrued expenses 2,750 2,750
541,753 439,411

P. DAVID CERAMICS UK LIMITED (REGISTERED NUMBER: 11039052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 20,000 30,000

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,000 20,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary shares £1 100 100