Tela Collections Limited - Accounts

Tela Collections Limited - Accounts

TELA COLLECTIONS LIMITED - Company Information

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Tela Collections Limited 05400988 Sale of furnishings and drapery textiles false 1 April 2017 05400988 2017-04-01 2018-03-31 05400988 2017-03-31 05400988 2018-03-31 05400988 2016-04-01 2017-03-31 05400988 2016-03-31 05400988 2017-03-31 05400988 frs102-bus:FRS102 2017-04-01 2018-03-31 05400988 frs102-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 05400988 frs102-bus:FullAccounts 2017-04-01 2018-03-31 05400988 frs102-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 05400988 frs102-core:CurrentFinancialInstruments 2018-03-31 05400988 frs102-core:CurrentFinancialInstruments 2017-03-31 05400988 frs102-core:ShareCapital 2018-03-31 05400988 frs102-core:ShareCapital 2017-03-31 05400988 frs102-core:RetainedEarningsAccumulatedLosses 2018-03-31 05400988 frs102-core:RetainedEarningsAccumulatedLosses 2017-03-31 05400988 frs102-bus:Director1 2017-04-01 2018-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
05400988
Tela Collections Limited
Unaudited Accounts
for the year ended
31 March 2018
Tela Collections Limited
Balance Sheet
as at 31 March 2018
Notes
 2018
£		 2017
£
Current assets
Debtors 4 12,572 0
Cash at bank and in hand 89,529 108,062
102,101 108,062
Creditors: amounts falling due within one year 5 (23,604) (29,187)
Net current assets / (liabilities) 78,497 78,875
Total assets less current liabilities 78,497 78,875
Total net assets (liabilities) 78,497 78,875
Capital and reserves
Called up share capital 1 100
Profit and loss account 78,496 78,775
Shareholders' funds 78,497 78,875

Tela Collections Limited
Balance Sheet
as at 31 March 2018



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2018 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.

Signed on behalf of the board of directors

...............................

Mr M Hacking

Director


Approved by the board on 4 September 2018

Company Number: 05400988 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

16a Hillside Meadow
Fordham
Ely
Cambridgeshire
CB7 5PJ
England

Tela Collections Limited
Notes to the Accounts
for the year ended 31 March 2018

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
2. Profit or loss

Profit before tax is stated after charging the following:
2018
2017
£ £
Directors' remuneration 17,198 16,716

3. Taxation
2018 2017
£ £
UK Corporation Tax 20,644 25,254
Tax on profit/(loss) on ordinary activities 20,644 25,254

4. Debtors
2018 2017
£ £
Trade debtors 12,049 0
Other debtors 523 0
12,572 0

5. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 2,252 59
Other creditors 21,352 29,128
23,604 29,187

6. Dividends
2018 2017
£ £
Total dividend payment 88,285 88,200