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COMPANY REGISTRATION NUMBER: 12322814
British Ceramic Confederation Ltd
Company Limited by Guarantee
Filleted Financial Statements
31 December 2024
British Ceramic Confederation Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 7
British Ceramic Confederation Ltd
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
7
8,292
8,250
Current assets
Stocks
4,345
Debtors
8
1,385,234
823,162
Cash at bank and in hand
762,776
447,509
------------
------------
2,152,355
1,270,671
Creditors: amounts falling due within one year
9
1,251,532
582,367
------------
------------
Net current assets
900,823
688,304
---------
---------
Total assets less current liabilities
909,115
696,554
Provisions
10
1,069
838
---------
---------
Net assets
908,046
695,716
---------
---------
Reserves
Capital contribution reserve
525,754
525,754
Profit and loss account
382,292
169,962
---------
---------
Members funds
908,046
695,716
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 30 June 2025 , and are signed on behalf of the board by:
Mr R C D Flello
Director
Company registration number: 12322814
British Ceramic Confederation Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Commerce House, Festival Park, Stoke-On-Trent, Staffordshire, ST1 5BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the invoiced value, net of VAT, of subscription income, climate change levies, service fees charged to members, Hydrogen project grants, and seminar income. Subscriptions, climate change levies and service fees charged to members are recognised over the period of membership. Hydrogen project grants are recognised using the accrual model. Under the accrual model, grants relating to revenue are recognised on a systematic basis over the periods in which the company recognised the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Seminar income is recognised once the service has been completed.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
25% straight line
Office equipment
-
10% straight line
Depreciation is charged from the month of acquisition to the month of disposal.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the association becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include other debtors (including accrued income) and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost, being the transaction price less any amounts settled and any impairment losses. A provision for impairment of trade debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit and loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Classification of financial liabilities Financial liabilities and equity instruments and classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the association after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including other creditors (including accruals) are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled. Derecognition A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the obligation specified in the contract is is is discharges, cancelled or expires.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Company limited by guarantee
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
6. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
70,518
38,579
Adjustments in respect of prior periods
( 184)
--------
--------
Total current tax
70,518
38,395
--------
--------
Deferred tax:
Origination and reversal of timing differences
231
3,803
--------
--------
Tax on profit
70,749
42,198
--------
--------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 23 %).
2024
2023
£
£
Profit on ordinary activities before taxation
283,079
186,996
---------
---------
Profit on ordinary activities by rate of tax
70,770
42,958
Adjustment to tax charge in respect of prior periods
( 184)
Effect of capital allowances and depreciation
( 21)
3,631
Utilisation of tax losses
( 4,207)
---------
---------
Tax on profit
70,749
42,198
---------
---------
7. Tangible assets
Computer equipment
Office equipment
Total
£
£
£
Cost
At 1 January 2024
55,049
11,044
66,093
Additions
1,964
1,137
3,101
Disposals
( 33,903)
( 4,931)
( 38,834)
--------
--------
--------
At 31 December 2024
23,110
7,250
30,360
--------
--------
--------
Depreciation
At 1 January 2024
49,147
8,696
57,843
Charge for the year
2,433
446
2,879
Disposals
( 33,903)
( 4,751)
( 38,654)
--------
--------
--------
At 31 December 2024
17,677
4,391
22,068
--------
--------
--------
Carrying amount
At 31 December 2024
5,433
2,859
8,292
--------
--------
--------
At 31 December 2023
5,902
2,348
8,250
--------
--------
--------
8. Debtors
2024
2023
£
£
Trade debtors
1,044,024
487,124
Other debtors
341,210
336,038
------------
---------
1,385,234
823,162
------------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
715,247
438,456
Corporation tax
70,518
38,579
Social security and other taxes
101,427
40,962
Other creditors
364,340
64,370
------------
---------
1,251,532
582,367
------------
---------
10. Provisions
Deferred tax (note 11)
£
At 1 January 2024
838
Additions
231
-------
At 31 December 2024
1,069
-------
11. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 10)
1,069
838
-------
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
1,069
838
-------
----
12. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
3,750
8,025
-------
-------
13. Summary audit opinion
The auditor's report dated 15 July 2025 was unqualified .
The senior statutory auditor was Andrew Pountney , for and on behalf of Dean Statham .