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REGISTERED NUMBER: 08542970 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Tiger Stationery Limited

Tiger Stationery Limited (Registered number: 08542970)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tiger Stationery Limited

Company Information
for the year ended 31 December 2021







DIRECTOR: D J Pearson





REGISTERED OFFICE: Brandon Way
West Bromwich
West Midlands
B70 8JN





REGISTERED NUMBER: 08542970 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Tiger Stationery Limited (Registered number: 08542970)

Statement of Financial Position
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,132 38,149
26,132 38,149

CURRENT ASSETS
Stocks 1,454,184 1,237,374
Debtors 6 908,741 936,742
Cash at bank 93,471 1,038,193
2,456,396 3,212,309
CREDITORS
Amounts falling due within one year 7 285,267 846,920
NET CURRENT ASSETS 2,171,129 2,365,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,197,261

2,403,538

PROVISIONS FOR LIABILITIES 4,965 7,248
NET ASSETS 2,192,296 2,396,290

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,192,194 2,396,188
SHAREHOLDERS' FUNDS 2,192,296 2,396,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Tiger Stationery Limited (Registered number: 08542970)

Statement of Financial Position - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2022 and were signed by:





D J Pearson - Director


Tiger Stationery Limited (Registered number: 08542970)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

Tiger Stationery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of these financial statements is sterling (£) and they are rounded to the nearest £1.

Turnover
Turnover represents net invoiced sales of goods at the date of departure, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 Profit and Loss Account, 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 statement of financial position date.


Tiger Stationery Limited (Registered number: 08542970)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2020 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 603,000
AMORTISATION
At 1 January 2021
and 31 December 2021 603,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

Tiger Stationery Limited (Registered number: 08542970)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 76,910
DEPRECIATION
At 1 January 2021 38,761
Charge for year 12,017
At 31 December 2021 50,778
NET BOOK VALUE
At 31 December 2021 26,132
At 31 December 2020 38,149

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 492,183 562,272
Other debtors 416,558 374,470
908,741 936,742

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 173,232 59,482
Taxation and social security 56,571 221,904
Other creditors 55,464 565,534
285,267 846,920