Company Registration No. 06743694 (England and Wales)
Ty Arian Limited
Unaudited accounts
for the year ended 31 March 2018
Ty Arian Limited
Unaudited accounts
Contents
Ty Arian Limited
Statement of financial position
as at 31 March 2018
Inventories
105,436
123,950
Cash at bank and in hand
(13,791)
2,949
Creditors: amounts falling due within one year
(67,980)
(66,917)
Net current assets
126,466
173,823
Net assets
126,465
173,822
Called up share capital
90
90
Profit and loss account
126,375
173,732
Shareholders' funds
126,465
173,822
For the year ending 31 March 2018 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 November 2018.
Lisa Reese
Director
Company Registration No. 06743694
Ty Arian Limited
Notes to the Accounts
for the year ended 31 March 2018
Ty Arian Limited is a private company, limited by shares, registered in England and Wales, registration number 06743694. The registered office is Orchard House, Suite 40-45 - Floor 3, 9 Orchard Street, Swansea, SA1 5AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight line
Computer equipment
33% Straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Ty Arian Limited
Notes to the Accounts
for the year ended 31 March 2018
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2017
68,016
25,147
93,163
At 31 March 2018
68,016
25,147
93,163
At 1 April 2017
68,016
25,148
93,164
At 31 March 2018
68,016
25,148
93,164
Finished goods
105,436
123,950
Trade debtors
101,976
110,564
Accrued income and prepayments
825
2,359
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Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
24,000
6,000
Trade creditors
(332)
1,415
Taxes and social security
44,312
48,271
Ty Arian Limited
Notes to the Accounts
for the year ended 31 March 2018
Allotted, called up and fully paid:
90 Ordinary shares of £1 each
90
90
All director's loans were repaid within nine months of the year end.
The company is under the control of the directors in the current and previous year.
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Average number of employees
During the year the average number of employees was 34 (2017: 35).
