PCL CERAMICS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 24 NOVEMBER 2023
PCL Ceramics Holdings Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11051295. The address of the registered office is Riverside Industrial Estate, Estuary Road, King's Lynn, Norfolk, PE30 2HS.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The Company is the parent Company of PCL Ceramics Limited. The directors of PCL Ceramics Limited are continually assessing the impact of the current economic climate. This year the company experienced a significant downturn in performance and made a trading loss in the year. However it is not expected that this performance will continue in the future, and results are expected to improve going forwards. Therefore, the directors deem it appropriate to prepare the accounts on a going concern basis.
Short-term debtors are measured at transaction price, less any impairment.
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The average monthly number of employees, including directors, during the period was 5 (2022 - 4).
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Amounts owed by group undertakings
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