Company registration number: NI058428
Annual report and unaudited financial statements
for the year ended 31 July 2025
for
Suspended Ceiling Supplies Limited
Pages for filing with the Registrar
Company registration number: NI058428
Suspended Ceiling Supplies Limited
Balance sheet
as at 31 July 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 43,001 10,335
43,001 10,335
Current assets
Stocks 229,281 226,838
Debtors 199,914 359,289
Cash at bank and in hand 177,819 134,919
607,014 721,046
Creditors: amounts falling due within one
year 		(489,752) (172,713)
Net current assets 117,262 548,333
Total assets less current liabilities 160,263 558,668
Provisions for liabilities (10,757) 170
NET ASSETS 149,506 558,838
Capital and reserves
Called up share capital 45,000 90,000
Profit and loss account 104,506 468,838
TOTAL EQUITY 149,506 558,838
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI058428
Suspended Ceiling Supplies Limited
Balance sheet - continued
as at 31 July 2025
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.
These financial statements were approved by the Board of directors and authorised for issue on 29 April 2026 and signed on its behalf by:
J Kirker, Director
29 April 2026
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Suspended Ceiling Supplies Limited
Notes to the financial statements
for the year ended 31 July 2025
1 Company information
Suspended Ceiling Supplies Limited is a private company registered in Northern Ireland. Its registered number is NI058428. The company is limited by shares. Its registered office is Units 5/6 Duncrue Industrial Estat, Duncrue Road, Belfast, BT3 9BW.
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 directors have 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 directors take 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 directors consider 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.
Goodwill -
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 -
Computer equipment - 25% reducing balance
3
Suspended Ceiling Supplies Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
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 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 year the average number of employees was 5 (2024 - 5).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 August 2024 50,060
Additions 41,750
Disposals (22,512)
At 31 July 2025 69,298
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Suspended Ceiling Supplies Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
4 Tangible fixed assets - continued
Depreciation
At 1 August 2024 39,725
Charge for year 7,394
Eliminated on disposal (20,822)
At 31 July 2025 26,297
Net book value
At 31 July 2025 43,001
At 31 July 2024 10,335
If Plant and machinery had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 69,298 -
Accumulated depreciation 26,297 -
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024.
2025 2024
£ £
John Kirker
Amounts repaid (263,460) -
Balance outstanding at end of year (263,460) -
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