ALL CERAMICS LIMITED |
Registered number: |
00930870 |
Balance Sheet |
as at 30 April 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
239,082 |
|
|
239,831 |
Investments |
4 |
|
|
795,000 |
|
|
790,000 |
|
|
|
|
1,034,082 |
|
|
1,029,831 |
|
Current assets |
Debtors |
5 |
|
86,902 |
|
|
97,873 |
Cash at bank and in hand |
|
|
861 |
|
|
12,563 |
|
|
|
87,763 |
|
|
110,436 |
|
Creditors: amounts falling due within one year |
6 |
|
(22,642) |
|
|
(36,784) |
|
Net current assets |
|
|
|
65,121 |
|
|
73,652 |
|
Total assets less current liabilities |
|
|
|
1,099,203 |
|
|
1,103,483 |
|
|
Provisions for liabilities |
|
|
|
(89,765) |
|
|
(88,515) |
|
|
Net assets |
|
|
|
1,009,438 |
|
|
1,014,968 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2,500 |
|
|
2,500 |
Share premium |
|
|
|
5,775 |
|
|
5,775 |
Revaluation reserve |
7 |
|
|
439,911 |
|
|
436,161 |
Profit and loss account |
|
|
|
561,252 |
|
|
570,532 |
|
Shareholders' funds |
|
|
|
1,009,438 |
|
|
1,014,968 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
DEREK NIGHTINGALE |
Director |
Approved by the board on 26 September 2024 |
|
ALL CERAMICS LIMITED |
Notes to the Accounts |
for the year ended 30 April 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain assets and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land or investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Freehold buildings |
2% straight line on cost |
|
Plant & machinery |
15% reducing balance basis |
|
|
Freehold investment property |
|
Investment properties - under FRS 102 valuations are carried our annually at fair value. The properties have been valued by the directors of the company. Changes in fair value are reported in the profit and loss account for the period. The directors subsequently transfer any such changes to a revaluation reserve. FRS 102 requires an amount of deferred tax to be provided being an estimate of the tax payable in the event that the properties were to be disposed of at the current fair value. No depreciation is provided in respect of investment properties. |
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|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Lease commitments |
|
Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
4 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2023 |
361,031 |
|
190,727 |
|
551,758 |
|
Disposals |
- |
|
(50,000) |
|
(50,000) |
|
At 30 April 2024 |
361,031 |
|
140,727 |
|
501,758 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
126,190 |
|
185,737 |
|
311,927 |
|
Charge for the year |
- |
|
749 |
|
749 |
|
On disposals |
- |
|
(50,000) |
|
(50,000) |
|
At 30 April 2024 |
126,190 |
|
136,486 |
|
262,676 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2024 |
234,841 |
|
4,241 |
|
239,082 |
|
At 30 April 2023 |
234,841 |
|
4,990 |
|
239,831 |
|
|
Freehold land and buildings include land with a value of £50,000 on which no depreciation charge is made. |
|
|
In accordance with the stated accounting policy, no depreciation was required to the buildings in the year because the residual value of the buildings are considered to be equal to net book value. |
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|
4 |
Investments |
Freehold |
investment |
properties |
£ |
|
Fair value |
|
At 1 May 2023 |
790,000 |
|
Revaluation |
5,000 |
|
|
At 30 April 2024 |
795,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 May 2023 |
265,324 |
|
At 30 April 2024 |
265,324 |
|
|
|
|
|
|
|
|
|
|
The freehold investment properties were valued in April 2024 by the directors of the company. |
|
5 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
39,311 |
|
39,048 |
|
Other debtors |
47,591 |
|
58,825 |
|
|
|
|
|
|
86,902 |
|
97,873 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
5,510 |
|
8,360 |
|
Taxation and social security costs |
11,377 |
|
3,934 |
|
Other creditors |
5,755 |
|
24,490 |
|
|
|
|
|
|
22,642 |
|
36,784 |
|
|
|
|
|
|
|
|
|
|
7 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 May 2023 |
436,161 |
|
476,661 |
|
Gain/(loss) on revaluation of land and buildings |
5,000 |
|
(50,000) |
|
Deferred taxation arising on the revaluation of land and buildings |
(1,250) |
|
9,500 |
|
|
At 30 April 2024 |
439,911 |
|
436,161 |
|
|
|
|
|
|
|
|
|
|
8 |
Other financial commitments |
2024 |
|
2023 |
£ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
6,069 |
|
6,141 |
|
|
|
|
|
|
|
|
|
|
9 |
Other information |
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|
ALL CERAMICS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
94 Elm Road |
|
New Malden |
|
Surrey |
|
KT3 3HW |
|
|
These accounts are presented in Sterling, which is the functional currency of the company. |
|
|
10 |
Related party transactions |
|
|
A loan has been made to the company of £4,000 by The Surrey Milling Centre Ltd, a trading business in which the directors are materially interested as shareholders and directors. This loan was outstanding at the year end . The loan made to the company is unsecured and interest free. |
|
During the year a loan of £33,000 was made by the company to ADG Dental Services, a trading partnership in which the directors are materially interested as partners, which remained outstanding at the year end . The loan made by the company is unsecured and interest free. |