Ceramique Internationale Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01171559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CERAMIQUE INTERNATIONALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Fraser

P M Vann

S Fraser

SECRETARY:

C J Fraser

REGISTERED OFFICE:

St Paul's House

23 Park Square

Leeds

LS1 2ND

REGISTERED NUMBER:

01171559 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Intangible assets

4

6,889

-

Tangible assets

5

56,994

97,058

63,883

97,058

CURRENT ASSETS

Stocks

465,544

445,846

Debtors

6

548,931

889,004

Cash at bank and in hand

312,725

256,126

1,327,200

1,590,976

CREDITORS

Amounts falling due within one year

7

761,040

1,149,503

NET CURRENT ASSETS

566,160

441,473

TOTAL ASSETS LESS CURRENT LIABILITIES

630,043

538,531

CREDITORS

Amounts falling due after more than one year

8

-

(36,656

)

PROVISIONS FOR LIABILITIES

(9,210

)

(9,210

)

NET ASSETS

620,833

492,665

CAPITAL AND RESERVES

Called up share capital

47,700

47,700

Share premium

2,000

2,000

Retained earnings

571,133

442,965

SHAREHOLDERS' FUNDS

620,833

492,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 31 January 2024 and were signed on its behalf by:

C J Fraser - Director

1.	STATUTORY INFORMATION

Ceramique Internationale 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.

The principal activity of the company in the period under review was that of tile distribution and retailing.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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 assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 18 (2022 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

8,000

At 30 June 2023

8,000

AMORTISATION

Charge for year

1,111

At 30 June 2023

1,111

NET BOOK VALUE

At 30 June 2023

6,889

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2022

141,543

41,093

90,584

57,030

330,250

Additions

-

-

8,715

-

8,715

Disposals

(141,543

)

-

-

-

(141,543

)

At 30 June 2023

-

41,093

99,299

57,030

197,422

DEPRECIATION

At 1 July 2022

112,366

41,093

73,792

5,941

233,192

Charge for year

2,064

-

5,345

14,257

21,666

Eliminated on disposal

(114,430

)

-

-

-

(114,430

)

At 30 June 2023

-

41,093

79,137

20,198

140,428

NET BOOK VALUE

At 30 June 2023

-

-

20,162

36,832

56,994

At 30 June 2022

29,177

-

16,792

51,089

97,058

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

409,387

721,659

Other debtors

139,544

167,345

548,931

889,004

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Hire purchase contracts

36,656

14,342

Trade creditors

618,882

928,022

Taxation and social security

78,815

181,278

Other creditors

26,687

25,861

761,040

1,149,503

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Hire purchase contracts

-

36,656

9.	RELATED PARTY DISCLOSURES

During the year the directors have both made advances to and received repayments from the company. At the year-end the company was owed from its director the following amount: P M Vann £252. At the year-end the company owed it's director C J Fraser £671. All advances are interest free with no set terms of repayment.

10.	ULTIMATE PARENT COMPANY

The directors recognise Royds Holdings Limited, a company incorporated in England and Wales, as the ultimate parent company of Ceramique Internationale Limited.