Ceildoor Products Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02633909 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

CEILDOOR PRODUCTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Tetsell

Mrs A L Tetsell

Mr B Patel

SECRETARY:

Mrs A L Tetsell

REGISTERED OFFICE:

Unit 5

Strawberry Lane Ind Est

Strawberry Lane

Willenhall

West Midlands

WV13 3RS

REGISTERED NUMBER:

02633909 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Tangible assets

4

54,641

56,274

CURRENT ASSETS

Stocks

5,125

4,965

Debtors

121,693

87,664

Cash at bank and in hand

153,823

186,589

280,641

279,218

CREDITORS

Amounts falling due within one year

102,624

116,452

NET CURRENT ASSETS

178,017

162,766

TOTAL ASSETS LESS CURRENT LIABILITIES

232,658

219,040

PROVISIONS FOR LIABILITIES

5

10,124

10,378

NET ASSETS

222,534

208,662

CAPITAL AND RESERVES

Called up share capital

1,600

1,600

Retained earnings

220,934

207,062

SHAREHOLDERS' FUNDS

222,534

208,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 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 23 March 2020 and were signed on its behalf by:

Mr M Tetsell - Director

1.	STATUTORY INFORMATION

Ceildoor Products 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.

Plant & machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 17 (2018 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

147,406

Additions

5,787

At 31 July 2019

153,193

DEPRECIATION

At 1 August 2018

91,132

Charge for year

7,420

At 31 July 2019

98,552

NET BOOK VALUE

At 31 July 2019

54,641

At 31 July 2018

56,274

5.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

10,124

10,378

Deferred

tax

£

Balance at 1 August 2018

10,378

Credit to Income Statement during year

(254

)

Balance at 31 July 2019

10,124