Company Registration No. 05957609 (England and Wales)
Ties Planet Limited
Unaudited accounts
for the year ended 31 March 2021
Ties Planet Limited
Unaudited accounts
Contents
Ties Planet Limited
Company Information
for the year ended 31 March 2021
Directors
Christopher John Bragg
Andrew James Bragg
Secretary
Christopher John Bragg
Company Number
05957609 (England and Wales)
Registered Office
UNIT SF07 CITY MILLS BUSINESS CENTRE
PEEL STREET MORLEY
LEEDS
WEST YORKSHIRE
LS27 8QL
Accountants
Kevin Dunk MIAB
98 Brecksfield
York
YO30 1YG
Ties Planet Limited
Statement of financial position
as at 31 March 2021
Tangible assets
2,319
3,603
Inventories
188,186
192,927
Cash at bank and in hand
(6,431)
5,941
Creditors: amounts falling due within one year
(246,527)
(242,831)
Net current liabilities
(62,550)
(41,655)
Total assets less current liabilities
(60,231)
(38,052)
Creditors: amounts falling due after more than one year
(1,500)
(1,510)
Net liabilities
(61,731)
(39,562)
Called up share capital
1,000
1,000
Profit and loss account
(62,731)
(40,562)
Shareholders' funds
(61,731)
(39,562)
For the year ending 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 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 4 December 2021 and were signed on its behalf by
Christopher John Bragg
Director
Company Registration No. 05957609
Ties Planet Limited
Notes to the Accounts
for the year ended 31 March 2021
Ties Planet Limited is a private company, limited by shares, registered in England and Wales, registration number 05957609. The registered office is UNIT SF07 CITY MILLS BUSINESS CENTRE, PEEL STREET MORLEY, LEEDS, WEST YORKSHIRE, LS27 8QL.
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
18% of cost
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
559
559
Ties Planet Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
32,064
Trade creditors
32,079
51,066
Taxes and social security
22,226
5,532
Loans from directors
142,222
154,169
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 5 (2020: 5).
