Ceramique Internationale Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01171559 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

CERAMIQUE INTERNATIONALE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

C J Fraser

P M Vann

S Fraser

SECRETARY:

C J Fraser

REGISTERED OFFICE:

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

LS6 1PF

REGISTERED NUMBER:

01171559 (England and Wales)

ACCOUNTANTS:

Bartfields (UK) Limited

Chartered Accountants

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

LS6 1PF

FIXED ASSETS

Tangible assets

4

142,922

159,559

CURRENT ASSETS

Stocks

350,642

257,230

Debtors

5

474,527

375,430

Cash at bank and in hand

135,050

345,005

960,219

977,665

CREDITORS

Amounts falling due within one year

6

588,982

679,722

NET CURRENT ASSETS

371,237

297,943

TOTAL ASSETS LESS CURRENT LIABILITIES

514,159

457,502

CAPITAL AND RESERVES

Called up share capital

47,700

47,700

Share premium

2,000

2,000

Retained earnings

464,459

407,802

SHAREHOLDERS' FUNDS

514,159

457,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 24 November 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Freehold property

-

over the remaining life of 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

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 16 (2016 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2016

141,543

41,093

69,306

143,130

395,072

Additions

-

-

1,640

27,999

29,639

Disposals

-

-

-

(17,250

)

(17,250

)

At 30 June 2017

141,543

41,093

70,946

153,879

407,461

DEPRECIATION

At 1 July 2016

91,134

41,093

50,777

52,509

235,513

Charge for year

3,539

-

6,007

29,812

39,358

Eliminated on disposal

-

-

-

(10,332

)

(10,332

)

At 30 June 2017

94,673

41,093

56,784

71,989

264,539

NET BOOK VALUE

At 30 June 2017

46,870

-

14,162

81,890

142,922

At 30 June 2016

50,409

-

18,529

90,621

159,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

378,413

271,712

Other debtors

96,114

103,718

474,527

375,430

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

343,308

318,498

Taxation and social security

155,915

171,017

Other creditors

89,759

190,207

588,982

679,722

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

1,051

4,671

Between one and five years

416,375

495,086

417,426

499,757

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year-end the company owed its directors the following amounts:

C J Fraser: £10,385 (2016: £57,302), P M Vann £25,962 (2016: £72,879), S Fraser £13,361 (2016: £6,694) and

S L Vann £13,361 (2016: £6,694). All advances are interest free with no set terms of repayment and are

disclosed within "Other creditors" at note 7 above.

9.	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.

10.	FIRST YEAR ADOPTION

For all periods up to and including the year ended 30 June 2016, the Company prepared its financial statements

in accordance with previously extant United Kingdom generally accepted accounting practice (UK GAAP).

These financial statements, for the period ended 30 June 2017, are the first the company has prepared in

accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Accordingly, the Company has prepared individual financial statements which comply with FRS102 "The

Financial Reporting Standard applicable in the UK and Republic of Ireland" applicable for periods beginning on

or after 1 January 2015 and the significant accounting policies meeting those requirements are described in the

relevant notes.

The amendments have no material effect on the financial statements.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ceramique Internationale Limited for the year ended 30 June 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ceramique Internationale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ceramique Internationale Limited and state those matters that we have agreed to state to the Board of Directors of Ceramique Internationale Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ceramique Internationale Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ceramique Internationale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ceramique Internationale Limited. You consider that Ceramique Internationale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ceramique Internationale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bartfields (UK) Limited

Chartered Accountants

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

LS6 1PF

24 November 2017