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

REGISTERED NUMBER: 05401472 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2020

for

Tile Flair (North West) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

12,208

Tangible assets

4

9,365

CURRENT ASSETS

30,000

Stocks

-

206,854

Debtors

5

169,206

73,920

Cash at bank

146,527

310,774

315,733

CREDITORS

118,399

Amounts falling due within one year

6

131,847

192,375

NET CURRENT ASSETS

183,886

204,583

TOTAL ASSETS LESS CURRENT LIABILITIES

193,251

CAPITAL AND RESERVES

3

Called up share capital

3

204,580

Retained earnings

193,248

204,583

SHAREHOLDERS' FUNDS

193,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 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 director and authorised for issue on 30 March 2021 and were signed by:

J J Farrelly - Director

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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

32,513

Additions

250

At 30 June 2020

32,763

DEPRECIATION

At 1 July 2019

20,305

Charge for year

3,093

At 30 June 2020

23,398

NET BOOK VALUE

At 30 June 2020

9,365

At 30 June 2019

12,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

84,957

133,229

Other debtors

84,249

73,625

169,206

206,854

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

9,482

40,975

Taxation and social security

72,366

76,772

Other creditors

49,999

652

131,847

118,399

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2020 and

30 June 2019:

30.6.20

30.6.19

£

£

J J Farrelly

Balance outstanding at start of year

42,920

42,920

Amounts repaid

(1,894

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,026

42,920

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £27,160 were paid to the director .