Ceramics Direct Limited - Filleted accounts

Registered number

NI037683

Ceramics Direct Limited

Filleted Accounts

31 March 2026

Ceramics Direct Limited
Registered number:		NI037683
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,128			114,808

Current assets
Stocks		212,697			208,594
Debtors	4	76,932			81,448
Cash at bank and in hand		25,837			47,568
		315,466			337,610

Creditors: amounts falling due within one year	5	(121,417)			(71,143)

Net current assets			194,049			266,467

Total assets less current liabilities			197,177			381,275

Creditors: amounts falling due after more than one year	6		-			(129,742)

Provisions for liabilities			-			(2,054)

Net assets			197,177			249,479

Capital and reserves
Called up share capital			2,000			2,000
Profit and loss account			195,177			247,479

Shareholders' funds			197,177			249,479

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr David Mahon
Director
Approved by the board on 25 June 2026

Ceramics Direct Limited
Notes to the Financial Statements
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	over 5 years
	Plant & machinery	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.



	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			4		7


3	Tangible fixed assets
		Land and buildings		Plant & machinery		Total
£			£		£
	Cost
	At 1 April 2025	104,000		63,301		167,301
	Disposals	(104,000)		(22,922)		(126,922)
	At 31 March 2026	-		40,379		40,379

	Depreciation
	At 1 April 2025	-		52,493		52,493
	Charge for the year	-		7,369		7,369
	On disposals	-		(22,611)		(22,611)
	At 31 March 2026	-		37,251		37,251

	Net book value
	At 31 March 2026	-		3,128		3,128
	At 31 March 2025	104,000		10,808		114,808


4	Debtors			2026		2025
£					£
	Trade debtors			67,711		79,902
	Deferred tax asset			8,235		-
	Other debtors			986		1,546
				76,932		81,448


5	Creditors: amounts falling due within one year			2026		2025
£					£
	Trade creditors			94,616		27,359
	Other creditors			1,500		3,498
	Other taxes and social security costs			21,444		24,355
	Obligations under finance lease and hire purchase contracts			1,206		4,826
	Corporation tax			-		665
	Bank Bounce Back Loan			2,651		10,440
				121,417		71,143


6	Creditors: amounts falling due after one year			2026		2025
£					£
	Bank Bounce Back Loan			-		2,651
	Other creditors			-		125,885
	Obligations under finance lease and hire purchase contracts			-		1,206
				-		129,742

7	Events after the reporting date

	There have been no significant events affecting the company since the year end.

8	Capital commitments

	The company did not have any capital commitments at 31 March 2026 not already provided for in the financial statements.

9	Transactions with Directors

	The company owed £NIL to the directors as at 31 March 2026, ( 2025 £125,885 )

10	Related party transactions

	Related party transactions occurred between the company and its directors. All such transactions were in the normal course of business.

11	Controlling party

	The ultimate controlling parties have been identified as the company's shareholder Mr David Mahon.


12	Other information

	Ceramics Direct Limited is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	61 Drumwhinny Road
	Kesh
	Enniskillen
	Co Fermanagh
	BT93 1TN