| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
54,308 |
|
|
49,043 |
| Current assets |
|
168,499 |
|
|
133,742 |
|
| Prepayments and accrued income |
|
2,294 |
|
|
2,474 |
|
| Creditors: amount falling due within one year |
|
(113,390) |
|
|
(101,445) |
|
|
Net current assets
|
|
|
57,403
|
|
|
34,771
|
|
Total assets less current liabilities
|
|
|
111,711 |
|
|
83,814 |
| Creditors: amount falling due after more than one year |
|
|
(32,142) |
|
|
(27,677) |
| Provisions for liabilities |
|
|
(510) |
|
|
(576) |
|
Net assets
|
|
|
79,059 |
|
|
55,561 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
79,059 |
|
|
55,561 |
| |
NOTES TO THE ACCOUNTS
General Information
Ceilings and Interiors (Midlands) Limited is a private company, limited by shares, registered in England and Wales, registration number 01208339, registration address 4 Carnoustie, Amington, Tamworth, B77 4NN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery etc |
15% RB |
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 September 2024 |
9,962 |
|
92,696 |
|
33,438 |
|
11,466 |
|
147,562 |
| Additions |
- |
|
23,799 |
|
- |
|
524 |
|
24,323 |
| Disposals |
- |
|
(36,515) |
|
- |
|
- |
|
(36,515) |
| At 31 August 2025 |
9,962 |
|
79,980 |
|
33,438 |
|
11,990 |
|
135,370 |
| Depreciation |
| At 01 September 2024 |
9,018 |
|
47,159 |
|
32,784 |
|
9,558 |
|
98,519 |
| Charge for year |
141 |
|
9,087 |
|
98 |
|
543 |
|
9,869 |
| On disposals |
- |
|
(27,326) |
|
- |
|
- |
|
(27,326) |
| At 31 August 2025 |
9,159 |
|
28,920 |
|
32,882 |
|
10,101 |
|
81,062 |
| Net book values |
| Closing balance as at 31 August 2025 |
803 |
|
51,060 |
|
556 |
|
1,889 |
|
54,308 |
| Opening balance as at 01 September 2024 |
944 |
|
45,537 |
|
654 |
|
1,908 |
|
49,043 |
|
| 3. |
Average number of employees
Average number of employees during the year was 5 (2024 : 4).
|
| 4. |
Advances and Credits
Directors Loan | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Loan | 3,707 | | 38,497 | | 0 | | 45,776 | | 0 | | 0 | | (3,572) | | 3707 | | 38497 | | 0 | | 45776 | | 0 | | 0 | | -3572 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Directors Loan | (15,435) | | 34,116 | | 0 | | 14,974 | | 0 | | 0 | | 3,707 | | -15435 | | 34116 | | 0 | | 14974 | | 0 | | 0 | | 3707 |
|
For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 21 April 2026 and were signed on its behalf by: --------------------------------
Dean Francis SMITH
Director |
2
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