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TOTNES TILE AND BATH LIMITED - Company Information

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Totnes Tile & Bath Limited

Registered Number:09152597

For the year ended 31 March 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

Totnes Tile & Bath Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

09152597

As at 31 March 2021

Totnes Tile & Bath Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Intangible assets

30,149

33,500

Property, plant and equipment

15,316

18,354

45,465

51,854

Current assets

Inventories

17,358

16,500

Trade and other receivables

149,919

139,257

32,519

Cash and cash equivalents

117,682

273,439

199,796

Trade and other payables: amounts falling due within one

year

(72,443)

(106,438)

127,353

167,001

Net current assets

Total assets less current liabilities

212,466

179,207

Trade and other payables: amounts falling due after more

than one year

(41,667)

(941)

Provisions for liabilities

169,858

Net assets

179,207

Capital and reserves

Called up share capital

120,004

Share premium account

11,678

Retained earnings

38,176

47,525

169,858

179,207

Shareholders' funds

For the year ended 31 March 2021 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 of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Registered Number :

09152597

For the year ended 31 March 2021

Totnes Tile & Bath Limited

Statement of Financial Position Continued

Kathryn Knight Director

These financial statements were approved and authorised for issue by the Board on 29 July 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

Totnes Tile & Bath Limited

Notes to the Financial Statements

Statutory Information

Totnes Tile & Bath Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09152597.

Registered address:

1 Archant House

Babbage Road

Totnes

Devon

TQ9 5JA

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Coronavirus

As with most businesses we have been impacated by the Coronavirus (Covid 19). This had an impact on our

operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available

from the Goverment and have taken all the steps we can to protect the future of the business.. Although the total

impact is still uncertain the director believe that it is appropriate to prepare the accounts on a going concern basis.

Bounce Back Loan

During the year the Company received a Bounce Back Loan which is initially repayable over 6 years. The interest

has been charged to the Profit and Loss Account as appropriate, with a Grant being received to cover the first 12

months of the interest payable and the loan recorded in the balance sheet.

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For the year ended 31 March 2021

Totnes Tile & Bath Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2020

67,010

At 31 March 2021

67,010

Amortisation

At 01 April 2020

33,510

3,351

Charge for year

At 31 March 2021

36,861

Net book value

At 31 March 2021

30,149

At 31 March 2020

33,500

During the year the policy in respect of Intangible Assets was revised to amortise Goodwill over 12 years from their

orginal cost date.

3. Property, plant and equipment

Total

Furniture and

Fittings

Motor

Vehicles

Cost or

valuation

At 01 April 2020

61,247

41,247

20,000

At 31 March 2021

20,000

41,247

61,247

Provision for depreciation and impairment

At 01 April 2020

42,893

25,740

17,153

Charge for year

3,038

2,326

712

At 31 March 2021

45,931

28,066

17,865

At 31 March 2021

Net book value

2,135

13,181

15,316

At 31 March 2020

2,847

15,507

18,354

4. Inventories

2020

2021

Stocks

16,500

17,358

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For the year ended 31 March 2021

Totnes Tile & Bath Limited

Notes to the Financial Statements Continued

5. Trade and other receivables

2020

2021

Trade debtors

60,501

51,520

Amounts owed by group undertakings and participating interests

75,074

Other debtors

3,682

23,325

149,919

139,257

6. Trade and other payables: amounts falling due within one year

2020

2021

Bank loans and overdraft

8,333

Trade creditors

77,720

41,958

Taxation and social security

20,385

24,137

Other creditors

6,348

106,438

72,443

7. Trade and other payables: amounts falling due after more than one year

2020

2021

Bank loans and overdraft

41,667

8. Related party transactions

The company was under the control of Mrs K and Mr A Knight during this year.

Included in debtors is £61,557 owed by Dosson Limited an associated company and £13,517 from Living Heat

Limited the parent company of Totnes Tile & Bath Limited

9. Average number of persons employed

During the year the average number of employees was 4 (2020 : 4)

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