Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-27The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true2023-09-01falseNo description of principal activity1false 08165196 2023-09-01 2024-08-31 08165196 2022-09-01 2023-08-31 08165196 2024-08-31 08165196 2023-08-31 08165196 c:Director1 2023-09-01 2024-08-31 08165196 d:OfficeEquipment 2023-09-01 2024-08-31 08165196 d:OfficeEquipment 2024-08-31 08165196 d:OfficeEquipment 2023-08-31 08165196 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08165196 d:CurrentFinancialInstruments 2024-08-31 08165196 d:CurrentFinancialInstruments 2023-08-31 08165196 d:Non-currentFinancialInstruments 2024-08-31 08165196 d:Non-currentFinancialInstruments 2023-08-31 08165196 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08165196 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08165196 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08165196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08165196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08165196 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08165196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 08165196 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 08165196 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 08165196 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 08165196 d:ShareCapital 2024-08-31 08165196 d:ShareCapital 2023-08-31 08165196 d:RetainedEarningsAccumulatedLosses 2024-08-31 08165196 d:RetainedEarningsAccumulatedLosses 2023-08-31 08165196 c:FRS102 2023-09-01 2024-08-31 08165196 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08165196 c:FullAccounts 2023-09-01 2024-08-31 08165196 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 08165196









VERDE CERAMICA (UK) LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
VERDE CERAMICA (UK) LTD
REGISTERED NUMBER: 08165196

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,296
1,525

  
1,296
1,525

Current assets
  

Stocks
  
38,500
46,500

  
38,500
46,500

Creditors: amounts falling due within one year
 5 
(56,993)
(51,388)

Net current liabilities
  
 
 
(18,493)
 
 
(4,888)

Total assets less current liabilities
  
(17,197)
(3,363)

Creditors: amounts falling due after more than one year
 6 
(23,674)
(25,230)

Provisions for liabilities
  

Deferred tax
  
(246)
(147)

  
 
 
(246)
 
 
(147)

Net liabilities
  
(41,117)
(28,740)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(41,217)
(28,840)

  
(41,117)
(28,740)

Page 1

 
VERDE CERAMICA (UK) LTD
REGISTERED NUMBER: 08165196
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 director acknowledges his 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 profit and loss account 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: 




................................................
Duane McEwan
Director

Date: 27 May 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
VERDE CERAMICA (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Verde Ceramica (UK) Limited is a private company limited by shares, registered in the United Kingdom number 08165196. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. 
During the year, the principal activity of the company continued to be that of importing tiles.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
VERDE CERAMICA (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

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.

Page 4

 
VERDE CERAMICA (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%
Reducing balance

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.

 
2.8

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. Work in progress and finished goods include labour and attributable overheads.

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
VERDE CERAMICA (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
4,014



At 31 August 2024

4,014



Depreciation


At 1 September 2023
2,489


Charge for the year on owned assets
229



At 31 August 2024

2,718



Net book value



At 31 August 2024
1,296



At 31 August 2023
1,525


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
6,776
6,447

Bank loans
1,749
1,749

Trade creditors
3,156
3,100

Corporation tax
657
648

Other taxation and social security
41,055
30,754

Other creditors
1,061
6,611

Accruals and deferred income
2,539
2,079

56,993
51,388


Page 6

 
VERDE CERAMICA (UK) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
23,674
25,230

23,674
25,230



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
1,749
1,749


1,749
1,749

Amounts falling due 1-2 years

Bank loans
1,749
1,749


1,749
1,749

Amounts falling due 2-5 years

Bank loans
5,247
5,247


5,247
5,247

Amounts falling due after more than 5 years

Bank loans
16,678
18,234

16,678
18,234

25,423
26,979


 
Page 7