Tileflair (North West) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05401472 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

TILEFLAIR (NORTH WEST) LTD

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr J J Farrelly

Mr P McCormick

REGISTERED OFFICE:

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

REGISTERED NUMBER:

05401472 (England and Wales)

ACCOUNTANTS:

Butterworth Barlow

Chartered Accountants

Butterworth Barlow House

10 Derby Street

Prescot

Liverpool

Merseyside

L34 3LG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tileflair (North West) Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tileflair (North West) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tileflair (North West) Ltd and state those matters that we have agreed to state to the Board of Directors of Tileflair (North West) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tileflair (North West) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tileflair (North West) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tileflair (North West) Ltd. You consider that Tileflair (North West) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tileflair (North West) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Butterworth Barlow

Chartered Accountants

Liverpool

25 October 2023

FIXED ASSETS

Tangible assets

4

5,001

8,743

CURRENT ASSETS

Debtors

5

118,610

123,013

Cash at bank and in hand

165,838

144,574

284,448

267,587

CREDITORS

Amounts falling due within one year

6

142,871

65,009

NET CURRENT ASSETS

141,577

202,578

TOTAL ASSETS LESS CURRENT LIABILITIES

146,578

211,321

CREDITORS

Amounts falling due after more than one year

7

45,454

49,265

NET ASSETS

101,124

162,056

CAPITAL AND RESERVES

Called up share capital

8

96

3

Retained earnings

101,028

162,053

SHAREHOLDERS' FUNDS

101,124

162,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:

Mr J J Farrelly - Director

1.	STATUTORY INFORMATION

Tileflair (North West) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2022

3,460

21,296

18,008

42,764

Additions

-

-

519

519

At 30 June 2023

3,460

21,296

18,527

43,283

DEPRECIATION

At 1 July 2022

3,460

13,034

17,527

34,021

Charge for year

-

4,161

100

4,261

At 30 June 2023

3,460

17,195

17,627

38,282

NET BOOK VALUE

At 30 June 2023

-

4,101

900

5,001

At 30 June 2022

-

8,262

481

8,743

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

116,080

25,070

Directors' current accounts

-

36,097

VAT

2,530

61,846

118,610

123,013

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

9,705

20,179

Tax

128,541

47,361

Social security and other taxes

3,409

(6,142

)

Other creditors

351

1,861

Directors' current accounts

865

-

Accrued expenses

-

1,750

142,871

65,009

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans - 1-2 years

45,454

49,265

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

77

Ordinary

1

77

3

19

A Ordinary

1

19

-

96

3