Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05788047 Mrs J Hopkinson Mr D Hopkinson Mr D Hopkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05788047 2023-03-31 05788047 2024-03-31 05788047 2023-04-01 2024-03-31 05788047 frs-core:CurrentFinancialInstruments 2024-03-31 05788047 frs-core:ComputerEquipment 2024-03-31 05788047 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05788047 frs-core:ComputerEquipment 2023-03-31 05788047 frs-core:FurnitureFittings 2024-03-31 05788047 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05788047 frs-core:FurnitureFittings 2023-03-31 05788047 frs-core:PlantMachinery 2024-03-31 05788047 frs-core:PlantMachinery 2023-04-01 2024-03-31 05788047 frs-core:PlantMachinery 2023-03-31 05788047 frs-core:ShareCapital 2024-03-31 05788047 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05788047 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05788047 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05788047 frs-bus:SmallEntities 2023-04-01 2024-03-31 05788047 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05788047 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05788047 frs-bus:Director1 2023-04-01 2024-03-31 05788047 frs-bus:Director2 2023-04-01 2024-03-31 05788047 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05788047 frs-countries:EnglandWales 2023-04-01 2024-03-31 05788047 2022-03-31 05788047 2023-03-31 05788047 2022-04-01 2023-03-31 05788047 frs-core:CurrentFinancialInstruments 2023-03-31 05788047 frs-core:ShareCapital 2023-03-31 05788047 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05788047
Ceramico Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05788047
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,660 56,305
67,660 56,305
CURRENT ASSETS
Stocks 5 170,550 101,026
Debtors 6 69 -
Cash at bank and in hand 18,230 21,016
188,849 122,042
Creditors: Amounts Falling Due Within One Year 7 (229,484 ) (175,083 )
NET CURRENT ASSETS (LIABILITIES) (40,635 ) (53,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,025 3,264
NET ASSETS 27,025 3,264
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 26,925 3,164
SHAREHOLDERS' FUNDS 27,025 3,264
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Hopkinson
Director
5 December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ceramico Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05788047 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 3)
9 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 74,324 - 839 75,163
Additions 47,833 1,257 - 49,090
Disposals (20,000 ) - - (20,000 )
As at 31 March 2024 102,157 1,257 839 104,253
Depreciation
As at 1 April 2023 18,581 - 277 18,858
Provided during the period 22,144 314 277 22,735
Disposals (5,000 ) - - (5,000 )
As at 31 March 2024 35,725 314 554 36,593
Net Book Value
As at 31 March 2024 66,432 943 285 67,660
As at 1 April 2023 55,743 - 562 56,305
5. Stocks
2024 2023
£ £
Stock 170,550 101,026
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 69 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,029 50,368
Other creditors 178,930 115,332
Taxation and social security 9,525 9,383
229,484 175,083
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4