Company Registration No. 10044698 (England and Wales)
Tunbridge Wells Interiors Ltd
Unaudited accounts
for the year ended 31 March 2022
Tunbridge Wells Interiors Ltd
Unaudited accounts
Contents
Tunbridge Wells Interiors Ltd
Company Information
for the year ended 31 March 2022
Directors
Alexander Mark Houlton
Abigail Mason
Company Number
10044698 (England and Wales)
Registered Office
86-89 Paul Street
London
EC2A 4NE
Accountants
Richard Turnbull
1 Sandrock Villas
High Street
Etchingham
East Sussex
TN19 7AJ
Tunbridge Wells Interiors Ltd
Statement of financial position
as at 31 March 2022
Tangible assets
35,953
24,908
Cash at bank and in hand
21,678
38,817
Creditors: amounts falling due within one year
(184,757)
(162,235)
Net current assets
9,619
33,009
Total assets less current liabilities
45,572
57,917
Creditors: amounts falling due after more than one year
(42,080)
(50,000)
Called up share capital
2
2
Profit and loss account
3,490
7,915
Shareholders' funds
3,492
7,917
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2022 and were signed on its behalf by
Alexander Mark Houlton
Director
Company Registration No. 10044698
Tunbridge Wells Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2022
Tunbridge Wells Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 10044698. The registered office is 86-89 Paul Street, London, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tunbridge Wells Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
-
20,810
10,990
4,746
36,546
Additions
679
15,995
-
4,135
20,809
At 31 March 2022
679
36,805
10,990
8,881
57,355
At 1 April 2021
-
4,162
4,461
3,015
11,638
Charge for the year
136
6,529
1,632
1,467
9,764
At 31 March 2022
136
10,691
6,093
4,482
21,402
At 31 March 2022
543
26,114
4,897
4,399
35,953
At 31 March 2021
-
16,648
6,529
1,731
24,908
Amounts falling due within one year
Trade debtors
82,981
75,476
Accrued income and prepayments
1,104
1,453
Other debtors
9,613
12,498
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
49,531
31,646
Taxes and social security
26,756
24,589
Other creditors
17,114
10,994
Loans from directors
75,488
73,482
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 6 (2021: 5).
