Company registration number 01539197 (England and Wales)
CERA DYNAMICS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
CERA DYNAMICS LIMITED
COMPANY INFORMATION
Directors
A Fendek
JMA Fendek
DH Mayer
SP Nash
M Jones
MK Jones
Secretary
JMA Fendek
Company number
01539197
Registered office
Fountain Street
Fenton
Stoke on Trent
Staffordshire
ST4 2HB
Auditor
BK Plus Audit Limited
Graphic House
124 City Road
Stoke on Trent
ST4 2PH
Bankers
National Westminster Bank PLC
1 Upper Market Square
Hanley
Stoke-on-Trent
Staffordshire
ST4 2HB
HSBC Bank PLC
Crown Bank
Hanley
Stoke-on-Trent
Staffordshire
ST1 1DA
Solicitors
FBC Manby Bowdler
6-10 George Street
Snow Hill
Wolverhampton
WV2 4DN
CERA DYNAMICS LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 4 JANUARY 2026
- 1 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CERA DYNAMICS LIMITED
BALANCE SHEET
AS AT
4 JANUARY 2026
04 January 2026
- 2 -
4 January 2026
29 December 2024
Notes
£
£
£
£
Current assets
Stocks
5
453,899
393,467
Debtors
6
305,046
375,508
Cash at bank and in hand
775,451
587,858
1,534,396
1,356,833
Creditors: amounts falling due within one year
7
(131,524)
(154,944)
Net current assets
1,402,872
1,201,889
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
1,392,872
1,191,889
Total equity
1,402,872
1,201,889

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 May 2026 and are signed on its behalf by:
JMA Fendek
Mr M Jones
Director
Director
Company registration number 01539197 (England and Wales)
CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 4 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Cera Dynamics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fountain Street, Fenton, Stoke on Trent, Staffordshire, ST4 2HB.

1.1
Reporting period

The financial statements have been prepared for a period of 370 days, from 30 December 2024 to 4 January 2026. The comparative figures relate to the preceding accounting period of 364 days, from 1 January 2024 to 29 December 2024.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Forecasts are prepared up to 31 July 2027 taking account of possible changes in trading performance. The directors, having assessed the forecasts and information available have determined it appropriate to adopt the going concern basis of accounting in preparing the annual financial statements. If in the event of any potential decrease in trade, the company, can utilise group funds to manage cashflows. As a result, the directors have obtained support letters from the parent company to confirm this support will be provided. true

It is noted that the group facilities are monitored by the parent of the group, James Kent (Consolidated) Limited, who act as a treasury function to the company. The group meets its day-to-day working capital requirements through an invoice discounting facility together with its existing cash reserves and banking facilities including an available overdraft which is renewed annually in July. Management do not foresee any reason the overdraft would not be renewed going forward. The company is able to utilise these group facilities for support as required.

1.4
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of goods

Sale of glass ceramics and technical glasses

Turnover is recognised when it and the associated costs can be measured reliably, future economic benefits are probable, and the risks and rewards of ownership have been transferred to the customer. Sales of glass ceramics and technical glasses are recognised when goods are delivered and legal title has passed and the Company has no continuing managerial involvement associated with ownership or effective control of the goods sold. This is generally when goods have been checked and accepted by the customer.

CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
Other income

Other income relates to Research and Development Expenditure Credit.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and l oans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13

Profit and loss reserve

The cumulative profit and loss net of distributions to owners.

1.14

Dividends

Dividends are recognised as liabilities once they are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The employees utilised by the company during the period were employed under contract by James Kent (Ceramic Materials) Limited and the cost of these employees were recharged to the Company during the period.

The full time equivalent number of persons recharged during the period, was as follows:

2026
2024
Number
Number
Total
6
6
CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
- 7 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 30 December 2024 and 4 January 2026
199,987
Depreciation and impairment
At 30 December 2024 and 4 January 2026
199,987
Carrying amount
At 4 January 2026
-
0
At 29 December 2024
-
0
5
Stocks
2026
2024
£
£
Stocks
453,899
393,467
6
Debtors
2026
2024
Amounts falling due within one year:
£
£
Trade debtors
243,795
187,720
Amounts owed by group undertakings
45,003
174,620
Other debtors
15,892
12,733
304,690
375,073
2026
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
356
435
Total debtors
305,046
375,508
CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
- 8 -
7
Creditors: amounts falling due within one year
2026
2024
£
£
Trade creditors
4,971
31,222
Amounts owed to group undertakings
54,399
42,227
Corporation tax
49,971
63,807
Other taxation and social security
22,136
17,688
Other creditors
47
-
0
131,524
154,944
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 4 January 2026 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Karen Staley BSc (Hons) FCA
Statutory Auditor:
BK Plus Audit Limited
Date of audit report:
1 May 2026
9
Contingent liabilities

The company has signed a cross guarantee to secure the bank indebtedness with National Westminster Bank Plc of James Kent (Ceramic Materials) Limited, KMCI Limited, James Kent Consolidated Limited, James Kent Group Limited, P.E. Hines Limited and Martin Colour Company Limited

National Westminster Bank Plc holds an unscheduled mortgage debenture incorporating a fixed and floating charge over all current and future assets of the company.

HSBC Invoice Finance (UK) Limited holds a fixed and floating charge over all the assets of the Company.

HSBC Bank plc have a debenture dated 18 August 2010 over the assets of the Company and also has a charge over contract monies.

The company has a signed unlimited multilateral guarantee dated 22 June 2011 given by James Kent (Ceramic Materials) Limited, Martin Colour Company Limited, Cera Dynamics Limited, James Kent Consolidated Limited, James Kent Group Limited, P.E. Hines Limited and KMCI Limited with HSBC Bank plc.

At the period end the exposure of the group was £556,750 (31 December 2024 £640,750).

10
Related party transactions
Transactions with related parties
CERA DYNAMICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 4 JANUARY 2026
10
Related party transactions
(Continued)
- 9 -

During the period the Company made sales of £44,050 (31 December 2024: £720,843) to a Company in which James Kent Consolidated Limited is a corporate director. At the period end £30,167 (31 December 2024: £63,065) was due to the company in relation to these sales.

11
Parent company

The Company is a wholly owned subsidiary of James Kent Consolidated Limited, a Company incorporated in the United Kingdom. Its registered address is Fountain Street, Fenton, Stoke-onTrent, Staffordshire, ST4 2HB.

James Kent Consolidated Limited is the ultimate parent undertaking and is the largest and smallest Group for which consolidated accounts, including Cera Dynamics Limited, are prepared.

The consolidated financial statements of James Kent Consolidated Limited are available to the public from Companies House, Maindy, Cardiff, CF12 3UZ.

There is no ultimate controlling party.

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