Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-011111falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06204172 2023-04-01 2024-03-31 06204172 2024-03-31 06204172 2022-04-01 2023-03-31 06204172 2023-03-31 06204172 c:CompanySecretary1 2023-04-01 2024-03-31 06204172 c:Director1 2023-04-01 2024-03-31 06204172 c:Director2 2023-04-01 2024-03-31 06204172 c:RegisteredOffice 2023-04-01 2024-03-31 06204172 d:MotorVehicles 2023-04-01 2024-03-31 06204172 d:MotorVehicles 2024-03-31 06204172 d:MotorVehicles 2023-03-31 06204172 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06204172 d:FurnitureFittings 2023-04-01 2024-03-31 06204172 d:FurnitureFittings 2024-03-31 06204172 d:FurnitureFittings 2023-03-31 06204172 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06204172 d:OfficeEquipment 2023-04-01 2024-03-31 06204172 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06204172 d:CurrentFinancialInstruments 2024-03-31 06204172 d:CurrentFinancialInstruments 2023-03-31 06204172 d:Non-currentFinancialInstruments 2024-03-31 06204172 d:Non-currentFinancialInstruments 2023-03-31 06204172 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06204172 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06204172 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06204172 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06204172 d:ShareCapital 2024-03-31 06204172 d:ShareCapital 2023-03-31 06204172 d:RetainedEarningsAccumulatedLosses 2024-03-31 06204172 d:RetainedEarningsAccumulatedLosses 2023-03-31 06204172 c:FRS102 2023-04-01 2024-03-31 06204172 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06204172 c:FullAccounts 2023-04-01 2024-03-31 06204172 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06204172 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 06204172







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


E P CERAMICS LIMITED






































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E P CERAMICS LIMITED
 


 
COMPANY INFORMATION


Directors
M S Drye 
J Brown 




Company secretary
G M Drye



Registered number
06204172



Registered office
84 Cheshire Street

London

E2 6EH




Accountants
Menzies LLP
Chartered Accountants

1st Floor

Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ





 


E P CERAMICS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 


E P CERAMICS LIMITED
REGISTERED NUMBER:06204172



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
166,493
213,967

  
166,493
213,967

Current assets
  

Stocks
  
220,000
166,569

Debtors: amounts falling due within one year
 5 
1,198,337
767,932

Cash at bank and in hand
  
1,236,665
1,704,781

  
2,655,002
2,639,282

Creditors: amounts falling due within one year
 6 
(603,255)
(688,382)

Net current assets
  
 
 
2,051,747
 
 
1,950,900

Total assets less current liabilities
  
2,218,240
2,164,867

Creditors: amounts falling due after more than one year
 7 
(125,324)
(144,722)

Provisions for liabilities
  

Deferred tax
  
(41,623)
-

  
 
 
(41,623)
 
 
-

Net assets
  
2,051,293
2,020,145


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,051,193
2,020,045

  
2,051,293
2,020,145


Page 1

 


E P CERAMICS LIMITED
REGISTERED NUMBER:06204172


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M S Drye
Director

Date: 30 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

E P Ceramics Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

The turnover shown in the profit and loss account represents amounts receivable for the sale and installation of ceramic flooring during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
 
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. 

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 3

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Motor vehicles
-
over 5 years
Fixtures and fittings
-
over 3 years
Office equipment
-
over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
231,007
24,768
255,775



At 31 March 2024

231,007
24,768
255,775



Depreciation


At 1 April 2023
20,490
21,318
41,808


Charge for the year on owned assets
46,201
1,273
47,474



At 31 March 2024

66,691
22,591
89,282



Net book value



At 31 March 2024
164,316
2,177
166,493



At 31 March 2023
210,517
3,450
213,967

Page 5

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
526,542
104,690

Other debtors
368,007
224,067

Prepayments and accrued income
303,788
426,642

Deferred taxation
-
12,533

1,198,337
767,932



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
341,699
490,924

Corporation tax
34,171
-

Other taxation and social security
27,456
31,750

Obligations under finance lease and hire purchase contracts
24,960
23,721

Other creditors
164,019
132,937

Accruals and deferred income
10,950
9,050

603,255
688,382


The net obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
125,324
144,722

125,324
144,722


The net obligations under finance leases and hire purchase contracts are secured against the asset to which they relate.

Page 6

 


E P CERAMICS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Transactions with directors

During the year the following transactions with the directors took place:


Brought Forward
Advances
Repayments
Carried Forward
£
£
£
£

Director loans
46,461
267,513
(75,988)
237,986
46,461
267,513
(75,988)
237,986

Interest of £333 (2023: £2,526) was charged on the loans at a rate of 2.25%.
During the year the company has paid rent charges of £60,000 (2023: £60,000) to the directors.

 
Page 7