REGISTERED NUMBER: 05383090 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLEVELAND CEILINGS & PARTITIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Rowan

SECRETARY:

Mrs L Rowan

REGISTERED OFFICE:

41 Casterton Grove

Newcastle upon Tyne

NE5 1HT

REGISTERED NUMBER:

05383090 (England and Wales)

ACCOUNTANTS:

Paul Varty

Chartered Accountants

24 St Cuthberts Way

Darlington

County Durham

DL1

1GB

FIXED ASSETS

Tangible assets

4

16,176

7,117

CURRENT ASSETS

Stocks

550

500

Debtors

5

46,180

21,607

Cash at bank

29,143

61,203

75,873

83,310

CREDITORS

Amounts falling due within one year

6

78,992

80,952

NET CURRENT (LIABILITIES)/ASSETS

(3,119

)

2,358

TOTAL ASSETS LESS CURRENT LIABILITIES

13,057

9,475

CREDITORS

Amounts falling due after more than one year

7

(10,584

)

(19,212

)

PROVISIONS FOR LIABILITIES

(1,970

)

-

NET ASSETS/(LIABILITIES)

503

(9,737

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

502

(9,738

)

SHAREHOLDERS' FUNDS

503

(9,737

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

K Rowan - Director

1.	STATUTORY INFORMATION

Cleveland Ceilings & Partitions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover represents net invoiced sales, excluding value added tax, together with the value of work undertaken not invoiced at the year end.

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.

Tools and equipment

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

26,462

Additions

19,558

Disposals

(20,943

)

At 31 March 2025

25,077

DEPRECIATION

At 1 April 2024

19,345

Charge for year

5,559

Eliminated on disposal

(16,003

)

At 31 March 2025

8,901

NET BOOK VALUE

At 31 March 2025

16,176

At 31 March 2024

7,117

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

20,943

Additions

19,558

Disposals

(20,943

)

At 31 March 2025

19,558

DEPRECIATION

At 1 April 2024

16,003

Charge for year

4,889

Eliminated on disposal

(16,003

)

At 31 March 2025

4,889

NET BOOK VALUE

At 31 March 2025

14,669

At 31 March 2024

4,940

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,020

21,142

Other debtors

1,160

465

46,180

21,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

2,954

949

Trade creditors

39,992

49,491

Taxation and social security

4,615

9,225

Other creditors

31,431

21,287

78,992

80,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

10,584

-

Other creditors

-

19,212

10,584

19,212

8.	CONTROLLING PARTY

The company is controlled by Mr K Rowan