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Registered number: 01479217
Ceramica Impex Limited
Strategic Report, Director's Report and
Financial Statements
For The Year Ended 30 September 2025
A Wigglesworth & Company Ltd
Armstrong House
First Avenue
Doncaster
DN9 3GA
Ceramica Impex Limited
Contents
Contents

| Page
--- | ---
Strategic Report | 1—2
Director's Report | 3—4
Independent Auditor's Report | 5—8
Profit and Loss Account | 9
Statement of Comprehensive Income | 10
Balance Sheet | 11
Statement of Changes in Equity | 12
Statement of Cash Flows | 13
Notes to the Statement of Cash Flows | 14
Notes to the Financial Statements | 15—21

Page 1
Ceramica Impex Limited
Strategic Report
For The Year Ended 30 September 2025
Strategic Report
The director presents his strategic report for the year ended 30 September 2025.
Principal Activity
Ceramica Impex is one of the UK's largest importers and distributors of ceramic, porcelain, glass and natural stone tiles, selling to the whole of the UK. For over 40 years, we've supplied diverse, exclusive and on-trend collections from our factories in Turkey, Spain, Italy, China, India and the Czech Republic at every price point.
Proud to be independent, we have built a reputation for offering the best tiles, the best deals and the best service in the industry. We are at the forefront of the market supplying some of the UK's largest tile retailers, DIY chains, wholesalers and distributors. Our state-of-the-art computerised 50,000 square feet warehouse enables us to provide a broad range of services such as pick and pack on special items, whilst holding more extensive stocks of key lines to meet ever-increasing customer needs.
Review of the Business
The results of the Company for the year are set out in the Profit and Loss Account on page 10. We are pleased to report another excellent year. Turnover has grown by 18.3% and the gross margin is up by 5.8%.
We have a longstanding policy of reinvesting the majority of the profits back into the business to further strengthen the financial position of the company, providing additional working capital to grow revenues and profit, and to fund capital acquisitions.
Principal Risks and Uncertainties
The process of risk acceptance and risk management is addressed through a framework of policies, procedures and internal controls. All policies are subject to Board approval and ongoing review by management.
The risk of new entrants entering our market could potentially lead to reduced sales and profitability. We are well placed to mitigate this risk having the successful global brand of the Kale Group behind us, which gives us a strength advantage over our competitors.
The risk of the economy deteriorating and impacting on consumer confidence. This risk is mitigated by our strong financial position, which enables us to effectively operate as stockholder for the retailer. The retailer can draw stock down as and when required, which reduces their working capital and funding requirements.
Page 1
Page 2
Ceramica Impex Limited
Strategic Report (continued)
For The Year Ended 30 September 2025
Future Developments
We continue to see a shift in the marketplace from bulk buying to smaller, more frequent, orders. We believe that this is the way the market is moving, and that this will be the future of the ceramics market within the UK, as our customers look to control their stock levels more rigorously due to the restraint on funding. With the extensive capacity we have in our modern warehouse facility, this enables us to take full advantage of this development in customer buying strategy. The warehouse has state of the art computerised bay racking, enabling us to offer the service of part pallet, pick and pack and room lot whilst a large bulk area gives us the capacity to hold greater volumes of the fast sellers.
We continue to work with our customers to increase our presence in their stores by providing them with a range of promotional display stands. We see this as an effective way to develop the market for our wide range of products and increase sales revenues.
As part of our drive to keep moving the business forward, we are currently developing an eCommerce platform which integrates with our existing systems to provide customers with a feature-rich, higher personalised experience.
Key Performance Indicators
The Board considers that our key performance indicators are those that communicate the financial performance and strength of the company, these being turnover, gross margin, profit before tax and shareholders’ funds. These indicators are shown in the Profit and Loss Account on page 10 and the Balance Sheet on page 12.
On behalf of the board

Mr H L Namli Director
24/06/2026

Page 2
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Ceramica Impex Limited
Company No. 01479217
Director's Report For The Year Ended 30 September 2025
Director's Report
The director presents his report and the financial statements for the year ended 30 September 2025.
Dividends
The value of dividends paid amounted to £925,000 .
The director recommended a final dividend of £NIL .
Directors
The director who held office during the year were as follows:

Mr H L Namli

Matters covered in the Strategic Report
Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the director consider them to be of strategic importance to the business.
Statement of Director's Responsibilities
The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the director 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 the financial statements the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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. He is 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.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 3
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Ceramica Impex Limited
Director's Report (continued)
For The Year Ended 30 September 2025
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Director's Report is approved:

- so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
- they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors
The auditors, A Wigglesworth and Company Ltd, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.
On behalf of the board

Mr H L Namli Director
24/06/2026

Page 4
Page 5
Independent Auditor's Report
to the Members of
Ceramica Impex Limited
Independent Auditor's Report
Opinion
We have audited the financial statements of Ceramica Impex Limited for the year ended 30 September 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit/(loss) for the year 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.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 5
Page 6
Independent Auditor's Report (continued)
to the Members of
Ceramica Impex Limited
Other Information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records or returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of Directors
As explained more fully in the Director's Responsibilities Statement set out on page 3—4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Page 6
Page 7
Independent Auditor's Report (continued)
to the Members of
Ceramica Impex Limited
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company's result for the period, and management bias in key accounting estimates.
Audit procedures performed by the engagement team included:
- Discussions with management and those responsible for legal compliance procedures within the company to obtain an understanding of the legal and regulatory framework applicable to the company and how the company complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;
- Challenging assumptions and judgements made by management in their significant accounting estimates;
- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.
There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Page 7
Page 8
Independent Auditor's Report (continued)
to the Members of
Ceramica Impex Limited

Arthur Wigglesworth (Senior Statutory Auditor) for and on behalf of A Wigglesworth and Company Ltd , Statutory Auditor
24/06/2026

Page 8
Page 9
Ceramica Impex Limited
Profit and Loss Account
For The Year Ended 30 September 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER | 3 | 15,853,729 |  | 13,394,860
Cost of sales |  | (12,038,136 ) |  | (10,960,967 )
GROSS PROFIT |  | 3,815,593 |  | 2,433,893
Administrative expenses |  | (2,074,435 ) |  | (2,025,811 )
OPERATING PROFIT | 4 | 1,741,158 |  | 408,082
Loss on disposal of fixed assets |  | (844 ) |  | (21,438 )
Other interest receivable and similar income | 9 | 126,612 |  | 166,707
Interest payable and similar charges | 10 | (34,689 ) |  | (40,441 )
PROFIT BEFORE TAXATION |  | 1,832,237 |  | 512,910
Tax on Profit | 11 | (469,566 ) |  | (143,266 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |  | 1,362,671 |  | 369,644

The notes on pages 14 to 21 form part of these financial statements.
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Ceramica Impex Limited
Statement of Comprehensive Income
For The Year Ended 30 September 2025
Statement of Comprehensive Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
PROFIT FOR THE FINANCIAL YEAR |  | 1,362,671 |  | 369,644
OTHER COMPREHENSIVE INCOME FOR THE YEAR |  | - |  | -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |  | 1,362,671 |  | 369,644

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Ceramica Impex Limited
Balance Sheet
As At 30 September 2025
Balance Sheet
Registered number: 01479217

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 12 |  | 220,269 |  | 254,923
|  |  | 220,269 |  | 254,923
CURRENT ASSETS
Stocks | 13 | 2,718,052 |  | 2,723,701 |
Debtors | 14 | 2,811,801 |  | 2,053,524 |
Cash at bank and in hand |  | 5,639,554 |  | 3,885,950 |
|  | 11,169,407 |  | 8,663,175 |
Creditors: Amounts Falling Due Within One Year | 15 | (4,783,246 ) |  | (2,749,339 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 6,386,161 |  | 5,913,836
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,606,430 |  | 6,168,759
NET ASSETS |  |  | 6,606,430 |  | 6,168,759
CAPITAL AND RESERVES
Called up share capital | 16 |  | 100 |  | 100
Profit and Loss Account |  |  | 6,606,330 |  | 6,168,659
SHAREHOLDERS' FUNDS |  |  | 6,606,430 |  | 6,168,759

The financial statements were approved by the board of directors on 24 June 2026 and were signed on its behalf by:

Mr H L Namli Director
24/06/2026

The notes on pages 14 to 21 form part of these financial statements.
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Ceramica Impex Limited
Statement of Changes in Equity
For The Year Ended 30 September 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 October 2023 | 100 | 6,299,015 | 6,299,115
Profit for the year and total comprehensive income | - | 369,644 | 369,644
Dividends paid | - | (500,000) | (500,000)
As at 30 September 2024 and 1 October 2024 | 100 | 6,168,659 | 6,168,759
Profit for the year and total comprehensive income | - | 1,362,671 | 1,362,671
Dividends paid | - | (925,000) | (925,000)
As at 30 September 2025 | 100 | 6,606,330 | 6,606,430

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Ceramica Impex Limited
Statement of Cash Flows
For The Year Ended 30 September 2025
Statement of Cash Flows

| 2025 |  | 2024
| Notes | £ |  | £
Cash flows from operating activities
Net cash generated from/(used in) operations | 1 | 2,797,261 |  | (174,403 )
Interest paid |  | (34,689 ) |  | (40,441 )
Tax paid |  | (143,266 ) |  | (286,536 )
Net cash generated from/(used in) operating activities |  | 2,619,306 |  | (501,380 )
Cash flows from investing activities
Purchase of tangible assets |  | (67,314 ) |  | (215,643 )
Proceeds from disposal of tangible assets |  | - |  | 114,000
Interest received |  | 126,612 |  | 166,707
Net cash generated from investing activities |  | 59,298 |  | 65,064
Cash flows from financing activities
Equity dividends paid |  | (925,000 ) |  | (500,000 )
Repayment of finance leases |  | - |  | (97,500 )
Net cash used in financing activities |  | (925,000 ) |  | (597,500 )
Increase/(decrease) in cash and cash equivalents |  | 1,753,604 |  | (1,033,816 )
Cash and cash equivalents at beginning of year | 2 | 3,885,950 |  | 4,919,766
Cash and cash equivalents at end of year | 2 | 5,639,554 |  | 3,885,950

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Ceramica Impex Limited
Notes to the Statement of Cash Flows
For The Year Ended 30 September 2025
Notes to the Statement of Cash Flows
1. Reconciliation of profit for the financial year to cash generated from/(used in) operations

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit for the financial year | 1,362,671 |  | 369,644
Adjustments for:
Tax on profit | 469,566 |  | 143,266
Interest expense | 34,689 |  | 40,441
Interest income | (126,612 ) |  | (166,707 )
Depreciation of tangible assets | 101,124 |  | 102,538
Loss on disposal of tangible assets | 844 |  | 21,438
Movements in working capital:
Decrease/(increase) in stocks | 5,649 |  | (387,234 )
(Increase)/decrease in trade and other debtors | (758,277 ) |  | 1,551,891
Increase/(decrease) in trade and other creditors | 1,707,607 |  | (1,849,680 )
Net cash generated from/(used in) operations | 2,797,261 |  | (174,403 )

2. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cash at bank and in hand | 5,639,554 |  | 3,885,950

3. Analysis of changes in net funds

| As at 1 October 2024 | Cash flows | As at 30 September 2025
--- | --- | --- | ---
| £ | £ | £
Cash at bank and in hand | 3,885,950 | 1,753,604 | 5,639,554

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Ceramica Impex Limited
Notes to the Financial Statements
For The Year Ended 30 September 2025
Notes to the Financial Statements
1. General Information
Ceramica Impex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01479217 . The registered office is Unit 1 Victoria Industrial Park, Victoria Road, Off Coal Road, Leeds, West Yorkshire, LS14 2LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 20% on cost
Plant & Machinery | 25% on reducing balance
Motor Vehicles | 20% and 25% on reducing balance
Fixtures & Fittings | 15% on reducing balance
Computer Equipment | 50% on reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Turnover
4. Operating Profit
The operating profit is stated after charging:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bad debts | 10,601 |  | 66,596
Operating lease rentals | 260,000 |  | 260,000
Depreciation of tangible fixed assets | 101,124 |  | 102,538

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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
5. Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Audit Services
Audit of the company's financial statements | 12,000 |  | 11,750

6. Staff Costs
Staff costs, including directors' remuneration, were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 924,673 |  | 871,816
Social security costs | 91,474 |  | 73,745
Other pension costs | 16,170 |  | 16,914
| 1,032,317 |  | 962,475

7. Average Number of Employees
Average number of employees, including directors, during the year was as follows:

| 2025 |  | 2024
--- | --- | --- | ---
Office and administration | 8 |  | 7
Sales, marketing and distribution | 8 |  | 8
Operational | 9 |  | 9
| 25 |  | 24

8. Director's remuneration

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Emoluments | 11,705 |  | 20,190

9. Interest Receivable and Similar Income

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank interest receivable | 126,612 |  | 166,707

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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
10. Interest Payable and Similar Charges

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other finance charges | 34,689 |  | 40,441

11. Tax on Profit
The tax charge on the profit for the year was as follows:

| Tax Rate | 2025 |  | 2024
--- | --- | --- | --- | ---
| 2025 | 2024 | £ |  | £
Current tax
UK Corporation Tax | 25.0% | 25.0% | 469,566 |  | 143,266
Total tax charge for the period | 469,566 |  | 143,266

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Profit before tax | 1,832,237 |  | 512,910
Tax on profit at 25% (UK standard rate) | 458,059 |  | 128,227
Goodwill/depreciation not allowed for tax | 1,025 |  | 198
Expenses not deductible for tax purposes | 10,482 |  | 9,827
Deferred tax from unrecognised timing difference from a prior period | - |  | 5,014
Total tax charge for the period | 469,566 |  | 143,266

12. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 October 2024 | 251,551 | 144,115 | 216,749 | 140,801
Additions | - | 16,913 | 47,500 | -
Disposals | - | - | (14,980 ) | -
As at 30 September 2025 | 251,551 | 161,028 | 249,269 | 140,801

...CONTINUED
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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025

Depreciation
As at 1 October 2024 | 210,108 | 123,888 | 64,579 | 106,691
Provided during the period | 32,078 | 9,285 | 49,707 | 5,117
Disposals | - | - | (14,136 ) | -
As at 30 September 2025 | 242,186 | 133,173 | 100,150 | 111,808
Net Book Value
As at 30 September 2025 | 9,365 | 27,855 | 149,119 | 28,993
As at 1 October 2024 | 41,443 | 20,227 | 152,170 | 34,110

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 October 2024 | 86,941 | 840,157
Additions | 2,901 | 67,314
Disposals | - | (14,980 )
As at 30 September 2025 | 89,842 | 892,491
Depreciation
As at 1 October 2024 | 79,968 | 585,234
Provided during the period | 4,937 | 101,124
Disposals | - | (14,136 )
As at 30 September 2025 | 84,905 | 672,222
Net Book Value
As at 30 September 2025 | 4,937 | 220,269
As at 1 October 2024 | 6,973 | 254,923

13. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 2,718,052 |  | 2,723,701

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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
14. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,745,274 |  | 1,992,921
Other debtors | 66,527 |  | 60,603
| 2,811,801 |  | 2,053,524

15. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,211,437 |  | 1,976,844
Other creditors | 186,569 |  | 361,692
Corporation tax | 469,566 |  | 143,266
Taxation and social security | 915,674 |  | 267,537
| 4,783,246 |  | 2,749,339

16. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1 each | 100 |  | 100

17. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 260,000 |  | 260,000
| 260,000 |  | 260,000

18. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
During the year the charge to the profit and loss account in respect of defined contribution schemes was £16,170 (2024: £16,914).
At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.
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Ceramica Impex Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2025
19. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 925,000 |  | 500,000

20. Controlling Parties
The company's ultimate controlling party is Mr H L Namli by virtue of their interest in the share capital of the company.
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