Registered number
10899070
CEILING EXPERT LTD
Unaudited Filleted Accounts
31 August 2024
CEILING EXPERT LTD
Registered number: 10899070
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Stocks 32,730 54,424
Debtors 4 5,000 -
Cash at bank and in hand 174,558 139,290
212,288 193,714
Creditors: amounts falling due within one year 5 (196,649) (152,201)
Net current assets 15,639 41,513
Net assets 15,639 41,513
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,539 41,413
Shareholder's funds 15,639 41,513
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 his 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.
Abdul Wali Khan
Director
Approved by the board on 31 August 2025
CEILING EXPERT LTD
Notes to the Accounts
for the year ended 31 August 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 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 13,866
At 31 August 2024 13,866
Depreciation
At 1 September 2023 13,866
At 31 August 2024 13,866
Net book value
At 31 August 2024 -
4 Debtors 2024 2023
£ £
Other debtors 5,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 189,050 121,568
Taxation and social security costs 7,600 21,805
Other creditors (1) 8,828
196,649 152,201
6 Other information
CEILING EXPERT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Office No. 14
The Tube Business Centre, 86a North Street,
Manchester
M8 8RA
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