Our Tlc Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08555192 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Our Tlc Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms R A Flerin

REGISTERED OFFICE:

Suite 6 31-33 Saltaire Road

Shipley

United Kingdom

BD18 3HH

REGISTERED NUMBER:

08555192 (England and Wales)

ACCOUNTANTS:

Euro Ashfords (UK) Ltd

2nd Floor,

39 Ludgate hill

London

EC4M 7JN

FIXED ASSETS

Intangible assets

4

1,137

14,840

Tangible assets

5

29,002

33,615

30,139

48,455

CURRENT ASSETS

Debtors

6

300,646

239,491

Cash at bank

2,562

61,822

303,208

301,313

CREDITORS

Amounts falling due within one year

7

307,298

304,730

NET CURRENT LIABILITIES

(4,090

)

(3,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,049

45,038

CREDITORS

Amounts falling due after more than one year

8

21,667

41,667

NET ASSETS

4,382

3,371

CAPITAL AND RESERVES

Called up share capital

19,997

19,997

Retained earnings

(15,615

)

(16,626

)

4,382

3,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 March 2024 and were signed by:

Ms R A Flerin - Director

1.	STATUTORY INFORMATION

Our Tlc Limited 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.

Goodwill

Goodwill are being written off evenly over estimated useful lives of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

life.

Plant & Machinery

Reducing balance method 20%

Motor Vehicle

Reducing balance method 25%

Computer Equipment

Reducing balance method 33%

Fixture & Fittings

Reducing balance method 20%

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 101 (2022 - 109 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

137,025

AMORTISATION

At 1 April 2022

122,185

Charge for year

13,703

At 31 March 2023

135,888

NET BOOK VALUE

At 31 March 2023

1,137

At 31 March 2022

14,840

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

66,878

Additions

4,950

At 31 March 2023

71,828

DEPRECIATION

At 1 April 2022

33,263

Charge for year

9,563

At 31 March 2023

42,826

NET BOOK VALUE

At 31 March 2023

29,002

At 31 March 2022

33,615

6.

DEBTORS

31.3.23

31.3.22

£

£

Amounts falling due within one year:

Trade debtors

104,476

110,396

Amounts owed by participating interests

185,281

74,163

Other debtors

9,889

53,932

299,646

238,491

Amounts falling due after more than one year:

Other debtors

1,000

1,000

Aggregate amounts

300,646

239,491

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

149,502

(2,983

)

Amounts owed to participating interests

102,740

246,075

Taxation and social security

9,061

39,535

Other creditors

35,995

22,103

307,298

304,730

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

21,667

41,667

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

Ms R A Flerin

Balance outstanding at start of year

44,044

-

Amounts advanced

7,844

44,044

Amounts repaid

(52,044

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(156

)

44,044

At the balance sheet date the director Rachel A Flerin is owed £156 (2022: £44,044 Dr) by the company.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 were paid to the director .

Normal commercial transactions between Our TLC Ltd and Diversity Housing Ltd are related due to Rachel

Flerin being related to Jean Flerin who is a director of Diversty Housing Ltd.

At the balance sheet date, the company was owed £185,281 (2022: £74,163) by its associated company Our TLC recruitment Ltd.

At the balance sheet date, the company owed £102,740 (2022: £246,075) to its related company Diversity housing ltd.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms R A Flerin.