Registered number
05469793
Coastal Ceramics Limited
Unaudited Filleted Accounts
30 June 2024
Coastal Ceramics Limited
Registered number: 05469793
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,645 277
Current assets
Stocks 5,500 6,500
Debtors 5 2,687 1,751
Cash at bank and in hand 6,697 -
14,884 8,251
Creditors: amounts falling due within one year 6 (120,483) (128,750)
Net current liabilities (105,599) (120,499)
Total assets less current liabilities (100,954) (120,222)
Creditors: amounts falling due after more than one year 7 (2,000) (4,000)
Net liabilities (102,954) (124,222)
Capital and reserves
Called up share capital 1 1
Profit and loss account (102,955) (124,223)
Shareholder's funds (102,954) (124,222)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
L K Mankelow
Director
Approved by the board on 27 March 2025
Coastal Ceramics Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention 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 represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Plant and machinery 25% per annum of net book value
Motor vehicles 25% per annum of net book value
Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 30,000
At 30 June 2024 30,000
Amortisation
At 1 July 2023 30,000
At 30 June 2024 30,000
Net book value
At 30 June 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 7,925 2,500 10,425
Additions 421 5,610 6,031
Disposals - (2,500) (2,500)
At 30 June 2024 8,346 5,610 13,956
Depreciation
At 1 July 2023 7,682 2,466 10,148
Charge for the year 226 1,403 1,629
On disposals - (2,466) (2,466)
At 30 June 2024 7,908 1,403 9,311
Net book value
At 30 June 2024 438 4,207 4,645
At 30 June 2023 243 34 277
5 Debtors 2024 2023
£ £
Trade debtors 2,687 1,691
Other debtors - 60
2,687 1,751
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,000 7,213
Trade creditors 4,978 3,669
Taxation and social security costs 2,793 -
Other creditors 110,712 117,868
120,483 128,750
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,000 4,000
8 Related party transactions
The director provides financial assistance to the company at 0% interest. At the start of the period the loan balance was £117,585 this had decreased to £107,536 at the end of the period.
9 Controlling party
The company is controlled by the director.
10 Other information
Coastal Ceramics Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
9 Greenfield Road
Colwyn Bay
Conwy
LL29 8EL
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