Ceramicoat Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07238357 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

CERAMICOAT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Smith

L J Smith

REGISTERED OFFICE:

6 Beaconsfield Road

Clifton

Bristol

BS8 2TS

REGISTERED NUMBER:

07238357 (England and Wales)

AUDITORS:

James

Chartered Accountants

Statutory Auditors

6 Beaconsfield Road

Clifton

Bristol

BS8 2TS

FIXED ASSETS

Intangible assets

3

-

9,819

Tangible assets

4

42,494

59,623

42,494

69,442

CURRENT ASSETS

Debtors

123,693

2,133

Cash at bank and in hand

1

134,793

123,694

136,926

CREDITORS

Amounts falling due within one year

30,534

78,375

NET CURRENT ASSETS

93,160

58,551

TOTAL ASSETS LESS CURRENT LIABILITIES

135,654

127,993

PROVISIONS FOR LIABILITIES

6,800

18,000

NET ASSETS

128,854

109,993

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

127,854

108,993

SHAREHOLDERS' FUNDS

128,854

109,993

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 April 2019 and were signed on its behalf by:

M W Smith - Director

1.	STATUTORY INFORMATION

Ceramicoat Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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 fixed assets are stated at cost less amortisation. Amortisation is provided at the following annual rate

in order to write off the asset over it's estimated useful life.

Know - how - 12.5% straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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

have been enacted or substantively enacted by the year end 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 probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

82,069

AMORTISATION

At 1 April 2018

72,250

Amortisation for year

9,819

At 31 March 2019

82,069

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

9,819

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

96,894

DEPRECIATION

At 1 April 2018

37,271

Charge for year

17,129

At 31 March 2019

54,400

NET BOOK VALUE

At 31 March 2019

42,494

At 31 March 2018

59,623

I

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Bettridge (Senior Statutory Auditor)

for and on behalf of James