Super Ceramics Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04076652 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

SUPER CERAMICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E J Winn

Mr A S Hinchliffe

REGISTERED OFFICE:

Lumina

Park Approach

Thorpe Park

Leeds

West Yorkshire

LS15 8GB

REGISTERED NUMBER:

04076652 (England and Wales)

ACCOUNTANTS:

J S White & Co Limited

25-29 Sandy Way

Yeadon

Leeds

LS19 7EW

FIXED ASSETS

Tangible assets

4

16,178

25,542

CURRENT ASSETS

Stocks

56,408

34,348

Debtors

5

278,354

285,916

Cash at bank and in hand

76,859

123,083

411,621

443,347

CREDITORS

Amounts falling due within one year

6

255,542

249,417

NET CURRENT ASSETS

156,079

193,930

TOTAL ASSETS LESS CURRENT LIABILITIES

172,257

219,472

CREDITORS

Amounts falling due after more than one year

7

(35,211

)

(46,262

)

PROVISIONS FOR LIABILITIES

(224

)

(224

)

NET ASSETS

136,822

172,986

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

136,722

172,886

SHAREHOLDERS' FUNDS

136,822

172,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

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 and authorised for issue on 29 June 2023 and were signed on its behalf by:

Mr E J Winn - Director

1.	STATUTORY INFORMATION

Super Ceramics 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.

Tangible fixed assets

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

Short leasehold

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 October 2021

2,000

4,125

15,492

Additions

-

-

406

At 30 September 2022

2,000

4,125

15,898

DEPRECIATION

At 1 October 2021

-

3,738

5,566

Charge for year

-

97

5,599

At 30 September 2022

-

3,835

11,165

NET BOOK VALUE

At 30 September 2022

2,000

290

4,733

At 30 September 2021

2,000

387

9,926

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2021

41,014

11,914

74,545

Additions

-

-

406

At 30 September 2022

41,014

11,914

74,951

DEPRECIATION

At 1 October 2021

32,201

7,498

49,003

Charge for year

2,203

1,871

9,770

At 30 September 2022

34,404

9,369

58,773

NET BOOK VALUE

At 30 September 2022

6,610

2,545

16,178

At 30 September 2021

8,813

4,416

25,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

44,057

26,549

Amounts owed by group undertakings

70,000

70,000

Other debtors

164,297

189,367

278,354

285,916

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

170,142

204,779

Taxation and social security

42,130

39,097

Other creditors

43,270

5,541

255,542

249,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

35,211

46,262

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2022 and 30 September 2021:

2022

2021

£

£

Mr E J Winn

Balance outstanding at start of year

39,267

13,967

Amounts advanced

9,550

39,300

Amounts repaid

(39,267

)

(14,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,550

39,267

During the course of the year the company transacted with its directors by way of a directors loan account. The transactions were as follows:

Mr E D Winn

The balance owed by the company as at 1 October 2021 was £39,267. During the course of the year there were funds introduced of £39,267 and amounts withdrawn of £9,550. The balance owed to the company as at 30 September 2022 was £9,550. The balance was repaid in the post balance sheet period by dividends on 6 April 2023.