Abbreviated Company Accounts - TILE KING LIMITED

07139096 TILE KING LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 07139096 2014-02-01 2015-01-31 07139096 2015-01-31 07139096 2014-01-31 07139096 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 07139096 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 07139096

TILE KING LIMITED

Abbreviated Accounts

31 January 2015

TILE KING LIMITED Registered Number 07139096

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,362	17,767
		18,362	17,767
Current assets
Stocks		99,423	66,014
Debtors		16,500	19,371
Cash at bank and in hand		41,300	4,892
		157,223	90,277
Creditors: amounts falling due within one year		(217,964)	(126,657)
Net current assets (liabilities)		(60,741)	(36,380)
Total assets less current liabilities		(42,379)	(18,613)
Creditors: amounts falling due after more than one year		(125,870)	(125,870)
Total net assets (liabilities)		(168,249)	(144,483)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(168,349)	(144,583)
Shareholders' funds		(168,249)	(144,483)

For the year ending 31 January 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2015

And signed on their behalf by:
Imran Vazifdar, Director

TILE KING LIMITED Registered Number 07139096

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 February 2014	22,687
Additions	4,274
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	26,961
Depreciation
At 1 February 2014	4,920
Charge for the year	3,679
On disposals	-
At 31 January 2015	8,599
Net book values
At 31 January 2015	18,362
At 31 January 2014	17,767

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100