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Registered number: 01435173
East Midlands Ceramics Limited
Financial Statements
For The Year Ended 31 May 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01435173
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 127,626 172,808
127,626 172,808
CURRENT ASSETS
Stocks 6 688,403 681,319
Debtors 7 397,178 269,802
Cash at bank and in hand 161,089 210,528
1,246,670 1,161,649
Creditors: Amounts Falling Due Within One Year 8 (1,072,789 ) (1,135,018 )
NET CURRENT ASSETS (LIABILITIES) 173,881 26,631
TOTAL ASSETS LESS CURRENT LIABILITIES 301,507 199,439
NET ASSETS 301,507 199,439
CAPITAL AND RESERVES
Called up share capital 9 100,121 121
Capital redemption reserve 33 33
Profit and Loss Account 201,353 199,285
SHAREHOLDERS' FUNDS 301,507 199,439
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For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martyn Slawson
Director
Mr Philip Slawson
Director
Mr Stephen Slawson
Director
26 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
East Midlands Ceramics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01435173 . The registered office is Southglade Business Park, Hucknall Road, Nottingham, Nottinghamshire, NG5 9RA.
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 section 1A Small Entities "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 . Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 10% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 33% Reducing Balance
Computer Equipment 33% Reducing Balance
2.5. 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 41 (2025: 43)
41 43
4. Intangible Assets
Goodwill & Software
£
Cost
As at 1 June 2025 170,462
As at 31 May 2026 170,462
Amortisation
As at 1 June 2025 170,462
As at 31 May 2026 170,462
Net Book Value
As at 31 May 2026 -
As at 1 June 2025 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2025 46,858 300,685 117,077 565,814 1,030,434
Additions - 950 - 7,626 8,576
Disposals - - (29,511 ) - (29,511 )
As at 31 May 2026 46,858 301,635 87,566 573,440 1,009,499
Depreciation
As at 1 June 2025 7,288 238,688 64,297 547,353 857,626
Provided during the period 4,686 15,737 9,390 8,728 38,541
Disposals - - (14,294 ) - (14,294 )
As at 31 May 2026 11,974 254,425 59,393 556,081 881,873
Net Book Value
As at 31 May 2026 34,884 47,210 28,173 17,359 127,626
As at 1 June 2025 39,570 61,997 52,780 18,461 172,808
6. Stocks
2026 2025
£ £
Finished goods 688,403 681,319
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 184,013 177,030
Prepayments and accrued income 203,338 89,384
Other debtors 887 2,915
Deferred tax current asset 8,940 473
397,178 269,802
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8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 626,110 561,064
Corporation tax (17 ) (17 )
Other taxes and social security 27,480 29,526
VAT 189,318 219,447
Other creditors 6,930 -
Accruals and deferred income 222,968 274,998
Amounts owed to group undertakings - 50,000
1,072,789 1,135,018
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100,121 121
During the year, 100,000 Ordinary shares of £1 each were allotted, fully paid. The shares were not paid for in cash; consideration was satisfied by the release and capitalisation of £100,000 owed by the Company to its parent undertaking, EMC Group Limited, in respect of intercompany funding balances (see note 10).
10. Related Party Transactions
During the year the Company incurred costs of £75,000 (2025: £75,000) in respect of rent, and received £10,000 (2025: £10,000) in management charges, from EMC Group Limited, its parent company.
At the start of the year the Company owed EMC Group Limited £50,000. During the year £100,000 of this balance was satisfied by the allotment of 100,000 Ordinary shares of £1 each (see note 9), with the remainder repaid in cash. No amount was owed at the year end (2025: £50,000)
11. Parent Undertaking and Controlling Party
The company's parent undertaking is EMC Group Limited, which in the opinion of the Directors is also the ultimate parent company.
EMC Group Limited is ultimately controlled by B Slawson
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