Tints Direct Limited - Accounts to registrar (filleted) - small 18.1

Tints Direct Limited - Accounts to registrar (filleted) - small 18.1

TINTS DIRECT LIMITED - Company Information

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REGISTERED NUMBER: 03841785 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Tints Direct Limited
Tints Direct Limited (Registered number: 03841785)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tints Direct Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: K V Fisher
Mrs B S Persky
R W Persky





REGISTERED OFFICE: 30 High Street
Leighton Buzzard
Bedfordshire
LU7 1EA





REGISTERED NUMBER: 03841785 (England and Wales)





ACCOUNTANTS: R A & D A Thompson
30 High Street
Leighton Buzzard
Bedfordshire
LU7 1EA
Page 1
Tints Direct Limited (Registered number: 03841785)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,647 5,810

CURRENT ASSETS
Stocks 39,118 25,880
Debtors 5 4,500 9,776
Cash at bank and in hand 23,198 23,432
66,816 59,088
CREDITORS
Amounts falling due within one
year
6
65,414
57,164
NET CURRENT ASSETS 1,402 1,924
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,049
7,734

PROVISIONS FOR LIABILITIES 365 984
NET ASSETS 3,684 6,750

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 3,580 6,646
SHAREHOLDERS' FUNDS 3,684 6,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 notes form part of these financial statements

Page 2 continued...
Tints Direct Limited (Registered number: 03841785)

Balance Sheet - continued
31 December 2017


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.

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 on 11 May 2018
and were signed on its behalf by:




R W Persky - Director



K V Fisher - Director


The notes form part of these financial statements

Page 3
Tints Direct Limited (Registered number: 03841785)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Tints Direct 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 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

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 6 (2016 - 6 ) .

Page 4 continued...
Tints Direct Limited (Registered number: 03841785)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017
and 31 December 2017 44,543
DEPRECIATION
At 1 January 2017 38,733
Charge for year 3,163
At 31 December 2017 41,896
NET BOOK VALUE
At 31 December 2017 2,647
At 31 December 2016 5,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 4,500 9,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade creditors 37,568 26,859
Taxation and social security 26,681 27,042
Other creditors 1,165 3,263
65,414 57,164

Page 5 continued...
Tints Direct Limited (Registered number: 03841785)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

7. RELATED PARTY DISCLOSURES

Directors

Mr R W Perksy and Mrs B Persky receive £14,100 (2016 - £14,100) as rent
from Tints Direct Limited

Dividends Paid

Mr K Fisher - £ nil (2016 - £ nil)
Mr R W Persky - £17,072 (2016 - £13,050)
Mrs B Persky - £4,995 (2016 - £13,050)
K V F Limited - £35,131 (2016 - £32,500)

At the balance sheet date the amount due to Directors was £1,165 (2016 -
263)


K V F Limited

K V F Limited is a company controlled by a director, Keith Fisher.

At the balance sheet date the amount due to K V F Limited was £nil (2016
£nil)

Control

The company is controlled by the directors who own 100% of the called up
share capital.

Page 6