Tys Retail Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08432450 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

TYS RETAIL LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T SIVARAJAH

REGISTERED OFFICE:

4 Church Street

Stilton

Peterborough

PE7 3RF

REGISTERED NUMBER:

08432450 (England and Wales)

ACCOUNTANTS:

AT

Chartered Certified Accountants

2 Rixsen Road

London

London

E12 6RN

FIXED ASSETS

Tangible assets

4

371,808

178,576

CURRENT ASSETS

Stocks

149,215

103,590

Debtors

218,894

67,765

Cash at bank and in hand

763,717

725,753

1,131,826

897,108

CREDITORS

Amounts falling due within one year

(381,028

)

(344,101

)

NET CURRENT ASSETS

750,798

553,007

TOTAL ASSETS LESS CURRENT LIABILITIES

1,122,606

731,583

CREDITORS

Amounts falling due after more than one year

5

(192,190

)

(28,125

)

PROVISIONS FOR LIABILITIES

(58,921

)

-

NET ASSETS

871,495

703,458

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

871,493

703,456

SHAREHOLDERS' FUNDS

871,495

703,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 29 September 2017 and were signed by:

T SIVARAJAH - Director

1.	STATUTORY INFORMATION

Tys Retail 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

15% and 20% on reducing balance.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 53 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

257,409

Additions

258,992

At 28 February 2017

516,401

DEPRECIATION

At 1 March 2016

78,833

Charge for year

65,760

At 28 February 2017

144,593

NET BOOK VALUE

At 28 February 2017

371,808

At 29 February 2016

178,576

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Bank loans more 5 yr by instal

192,190

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

1

2

2

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES