Company Registration No. 10044698 (England and Wales)
Tunbridge Wells Interiors Ltd
Unaudited accounts
for the year ended 31 March 2021
Tunbridge Wells Interiors Ltd
Unaudited accounts
Contents
Tunbridge Wells Interiors Ltd
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
24,908
4,773
Cash at bank and in hand
38,817
3,680
Creditors: amounts falling due within one year
(162,235)
(78,009)
Net current assets
33,009
5,977
Total assets less current liabilities
57,917
10,750
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
2
2
Profit and loss account
7,915
10,748
Shareholders' funds
7,917
10,750
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 30 December 2021 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 2021
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:
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 2021
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
-
4,750
4,746
9,496
Additions
20,810
6,240
-
27,050
At 31 March 2021
20,810
10,990
4,746
36,546
At 1 April 2020
-
2,285
2,438
4,723
Charge for the year
4,162
2,176
577
6,915
At 31 March 2021
4,162
4,461
3,015
11,638
At 31 March 2021
16,648
6,529
1,731
24,908
At 31 March 2020
-
2,465
2,308
4,773
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
75,476
16,067
Accrued income and prepayments
1,453
1,441
Other debtors
12,498
12,798
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
31,646
31,651
Taxes and social security
24,589
6,374
Other creditors
10,994
3,185
Loans from directors
73,482
30,861
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).
