Tiertex Design Studios Ltd - Accounts to registrar (filleted) - small 18.2

Tiertex Design Studios Ltd - Accounts to registrar (filleted) - small 18.2

TIERTEX DESIGN STUDIOS LIMITED - Company Information

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REGISTERED NUMBER: 02691194 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH OCTOBER 2018

FOR

TIERTEX DESIGN STUDIOS LTD
TIERTEX DESIGN STUDIOS LTD (REGISTERED NUMBER: 02691194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH OCTOBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


TIERTEX DESIGN STUDIOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH OCTOBER 2018







DIRECTORS: Dr J G Prince
D J Campbell



SECRETARY: Dr J G Prince



REGISTERED OFFICE: Beechwood House
Alder Court
Tytherington Business Park
Macclesfield
SK10 2XG



REGISTERED NUMBER: 02691194 (England and Wales)



ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH



BANKERS: Barclays Bank plc
753-755 Wilmslow Road
Didsbury
Manchester
M20 0RN
Page 1
TIERTEX DESIGN STUDIOS LTD (REGISTERED NUMBER: 02691194)

BALANCE SHEET
30TH OCTOBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7 10

CURRENT ASSETS
Debtors 4 - 2,434
Cash at bank 2,850 805
2,850 3,239
CREDITORS
Amounts falling due within one year 5 2,655 2,655
NET CURRENT ASSETS 195 584
TOTAL ASSETS LESS CURRENT
LIABILITIES
202
594

CAPITAL AND RESERVES
Called up share capital 6 1,200 1,200
Retained earnings (998 ) (606 )
SHAREHOLDERS' FUNDS 202 594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th October 2018 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 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 9th January 2019 and were signed on its behalf by:





D J Campbell - Director


The notes form part of these financial statements

Page 2
TIERTEX DESIGN STUDIOS LTD (REGISTERED NUMBER: 02691194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH OCTOBER 2018

1. STATUTORY INFORMATION

Tiertex Design Studios 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 represents the total amount receivable by the company for goods supplied and services provided,
excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

Page 3 continued...
TIERTEX DESIGN STUDIOS LTD (REGISTERED NUMBER: 02691194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH OCTOBER 2018

3. TANGIBLE FIXED ASSETS
Fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 31st October 2017
and 30th October 2018 240 4,700 4,940
DEPRECIATION
At 31st October 2017 230 4,700 4,930
Charge for year 3 - 3
At 30th October 2018 233 4,700 4,933
NET BOOK VALUE
At 30th October 2018 7 - 7
At 30th October 2017 10 - 10

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 2,434

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
VAT 214 214
Other creditors 567 567
Directors' loan accounts 1,574 1,574
Accrued expenses 300 300
2,655 2,655

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1,200 Ordinary £1 1,200 1,200

Page 4