Company registration number: 08297052
Unaudited financial statements
for the period ended 31 December 2024
for
Turning Earth Ceramics Ltd
Pages for filing with the Registrar
Company registration number: 08297052
Turning Earth Ceramics Ltd
Balance sheet
as at 31 December 2024
31 Dec 24 30 Nov 23
Note £ £ £ £
Fixed assets
Intangible assets 4 31,019 31,019
Tangible assets 5 111,998 118,616
143,017 149,635
Current assets
Debtors 188,467 164,781
Cash at bank and in hand 136,464 173,417
324,931 338,198
Creditors: amounts falling due within one
year 		(180,763) (172,874)
Net current assets 144,168 165,324
Total assets less current liabilities 287,185 314,959
Creditors: Amounts falling due after more
than one year 		6 (141,576) (139,511)
Provisions for liabilities - (13,697)
NET ASSETS 145,609 161,751
Capital and reserves
Called up share capital 105 105
Share premium account 24,990 24,990
Profit and loss account 120,514 136,656
TOTAL EQUITY 145,609 161,751
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 08297052
Turning Earth Ceramics Ltd
Balance sheet - continued
as at 31 December 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
Signed by:
Miss N Maughan, Director
22 September 2025
2
Turning Earth Ceramics Ltd
Notes to the financial statements
for the period ended 31 December 2024
1 Company information
Turning Earth Ceramics Ltd is a private company registered in England and Wales. Its registered number is 08297052. The company is limited by shares. Its registered office is Turning Earth Ceramics Ltd, Arches, London, London, E2 8BW.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development costs - 0% reducing balance
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
3
Turning Earth Ceramics Ltd
Notes to the financial statements - continued
for the period ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 30 (2023 - 34).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 December 2023 31,019
At 31 December 2024 31,019
Amortisation
At 31 December 2024 -
4
Turning Earth Ceramics Ltd
Notes to the financial statements - continued
for the period ended 31 December 2024
4 Intangible assets - continued
Net book value
At 31 December 2024 31,019
At 30 November 2023 31,019
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 December 2023 283,595
Additions 26,899
At 31 December 2024 310,494
Depreciation
At 1 December 2023 164,979
Charge for period 33,517
At 31 December 2024 198,496
Net book value
At 31 December 2024 111,998
At 30 November 2023 118,616
6 Creditors: amounts falling due after more than five years
31 Dec 24 30 Nov 23
£ £
Repayable by instalments
Bank loans 117,975 139,046
5