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REGISTERED NUMBER: 00934853 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CERAMIC SUBSTRATES & COMPONENTS LIMITED

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


CERAMIC SUBSTRATES & COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: F G Blain
Mrs M C Blain
A Starnes





SECRETARY: Mrs M C Blain





REGISTERED OFFICE: Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ





REGISTERED NUMBER: 00934853 (England and Wales)





ACCOUNTANTS: Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,008 113,893
Investments 5 242,782 226,785
Investment property 6 840,000 836,000
1,193,790 1,176,678

CURRENT ASSETS
Stocks 90,094 77,706
Debtors 7 136,307 130,149
Cash at bank and in hand 752,662 563,493
979,063 771,348
CREDITORS
Amounts falling due within one year 8 200,842 174,223
NET CURRENT ASSETS 778,221 597,125
TOTAL ASSETS LESS CURRENT LIABILITIES 1,972,011 1,773,803

PROVISIONS FOR LIABILITIES 7,477 7,371
NET ASSETS 1,964,534 1,766,432

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,964,434 1,766,332
SHAREHOLDERS' FUNDS 1,964,534 1,766,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

BALANCE SHEET - continued
30 JUNE 2024


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 21 October 2024 and were signed on its behalf by:





Mrs M C Blain - Director


CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Ceramic Substrates & Components 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 3 - 50 years
Plant and machinery etc - Straight line over 10 years and Straight line over 4 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Amounts due to the company under contracts are included in debtors based on a proportion of sales value.

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.


CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 161,576 503,601 665,177
Additions - 1,091 1,091
At 30 June 2024 161,576 504,692 666,268
DEPRECIATION
At 1 July 2023 50,356 500,928 551,284
Charge for year 2,192 1,784 3,976
At 30 June 2024 52,548 502,712 555,260
NET BOOK VALUE
At 30 June 2024 109,028 1,980 111,008
At 30 June 2023 111,220 2,673 113,893

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2023 226,785
Revaluations 11,671
Dividends received 4,326
At 30 June 2024 242,782
NET BOOK VALUE
At 30 June 2024 242,782
At 30 June 2023 226,785

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2021 (802 )
Valuation in 2022 (19,132 )
Valuation in 2023 (10,537 )
Valuation in 2024 11,671
Cost 261,582
242,782

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 836,000
Revaluations 4,000
At 30 June 2024 840,000
NET BOOK VALUE
At 30 June 2024 840,000
At 30 June 2023 836,000

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2011 (68,996 )
Valuation in 2021 8,000
Valuation in 2022 6,680
Valuation in 2023 2,291
Valuation in 2024 4,000
Cost 888,025
840,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 888,025 888,025

Investment properties were valued on an open market basis on 30 June 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 112,663 96,973
Amounts recoverable on contract 4,298 14,560
Other debtors 19,346 18,616
136,307 130,149

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,800 46,720
Taxation and social security 118,479 95,556
Other creditors 15,563 31,947
200,842 174,223

CERAMIC SUBSTRATES & COMPONENTS LIMITED (REGISTERED NUMBER: 00934853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
A Starnes
Balance outstanding at start of year - -
Amounts advanced 19 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19 -