Direct Tile Warehouse Limited - Accounts to registrar (filleted) - small 18.2
Direct Tile Warehouse Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 October 2021 |
for |
Direct Tile Warehouse Limited |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Direct Tile Warehouse Limited |
Company Information |
for the Year Ended 31 October 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
13a Victoria Gardens |
Neath |
West Glamorgan |
SA11 3AY |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Balance Sheet |
31 October 2021 |
31.10.21 | 31.10.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Balance Sheet - continued |
31 October 2021 |
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 |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Notes to the Financial Statements |
for the Year Ended 31 October 2021 |
1. | STATUTORY INFORMATION |
Direct Tile Warehouse Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. After making enquiries the directors have established that the company has the resources to continue in operational existence for the future period covered by their review, which exceeds a period of twelve months from the date of approval of these financial statements. For this reason they continue to adopt the going concern basis in preparing the financial statements. |
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. |
Investments |
Fixed asset investments are shown at cost incurred less provision for impairment. |
Turnover and other operating income |
Turnover represents the sale of property held within development stock. |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 45-51 Wychtree Street, Morriston, Swansea, SA6 8EX |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: 45-51 Wychtree Street, Morriston, Swansea, SA6 8EX |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
4. | FIXED ASSET INVESTMENTS - continued |
Registered office: 45-51 Wychtree Street, Morriston, Swansea, SA6 8EX |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: 10 Umayal Road, Kilpauk, Chennai 600010. India |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves |
(Loss)/profit for the year | ( |
) |
Registered office: 45-51 Wychtree Street, Morriston, Swansea, SA6 8EX |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves |
Registered office: 45-51 Wychtree Street, Morriston, Swansea, SA6 8EX |
Nature of business: |
% |
Class of shares: | holding |
31.10.21 | 31.10.20 |
£ | £ |
Aggregate capital and reserves |
Direct Tile Warehouse Limited (Registered number: 03397053) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Amounts due from related |
companies | 3,951,363 | 3,951,366 |
Deferred tax asset |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.21 | 31.10.20 |
£ | £ |
Other creditors |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
Debtors include an amount of £3,951,363 (2020 £3,951,366) due from Tapestart Ltd an associated company under common control. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies. |
9. | ULTIMATE CONTROLLING PARTY |
The directors consider the ultimate controlling party to be the W Ballard Discretionary Trust. |