Tile Flair (North West) Ltd. - Accounts to registrar (filleted) - small 18.2

Tile Flair (North West) Ltd. - Accounts to registrar (filleted) - small 18.2

TILE FLAIR (NORTH WEST) LTD. - Company Information

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REGISTERED NUMBER: 05401472 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Tile Flair (North West) Ltd.
Tile Flair (North West) Ltd. (Registered number: 05401472)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tile Flair (North West) Ltd.

Company Information
for the Year Ended 30 June 2018







DIRECTOR: J J Farrelly





REGISTERED OFFICE: 64 Derby Lane
Old Swan
Liverpool
Merseyside
L13 3DN





REGISTERED NUMBER: 05401472 (England and Wales)





ACCOUNTANTS: R.L.Ferris Ltd
Chartered Accountants
64 Derby Lane
Liverpool
Merseyside
L13 3DN
Page 1
Tile Flair (North West) Ltd. (Registered number: 05401472)

Balance Sheet
30 June 2018

30.6.17 30.6.18
£    £    Notes £    £   
FIXED ASSETS
11,948 Tangible assets 4 10,491

CURRENT ASSETS
- Stocks 111,674
102,135 Debtors 5 46,786
90,313 Cash at bank 24,638
192,448 183,098
CREDITORS
120,031 Amounts falling due within one year 6 91,499
72,417 NET CURRENT ASSETS 91,599
84,365 TOTAL ASSETS LESS CURRENT
LIABILITIES
102,090

CAPITAL AND RESERVES
3 Called up share capital 3
84,362 Retained earnings 102,087
84,365 SHAREHOLDERS' FUNDS 102,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 March 2019 and were signed by:





J J Farrelly - Director


The notes form part of these financial statements

Page 2
Tile Flair (North West) Ltd. (Registered number: 05401472)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Tile Flair (North West) Ltd. 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 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.
Tools and equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2017 26,739
Additions 1,144
At 30 June 2018 27,883
DEPRECIATION
At 1 July 2017 14,791
Charge for year 2,601
At 30 June 2018 17,392
NET BOOK VALUE
At 30 June 2018 10,491
At 30 June 2017 11,948

Page 3 continued...
Tile Flair (North West) Ltd. (Registered number: 05401472)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Amounts recoverable on contract - 98,269
Other debtors 46,786 3,866
46,786 102,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Trade creditors 40,076 37,624
Taxation and social security 50,655 38,085
Other creditors 768 44,322
91,499 120,031

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and
30 June 2017:

30.6.18 30.6.17
£    £   
J J Farrelly
Balance outstanding at start of year - -
Amounts advanced 42,920 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,920 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,500 were paid to the director .

Page 4