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REGISTERED NUMBER: 11177713 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

TREND TILE & BATHROOM SPECIALISTS LTD

TREND TILE & BATHROOM SPECIALISTS LTD (REGISTERED NUMBER: 11177713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TREND TILE & BATHROOM SPECIALISTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr A P B A S Green
Mr N S Watkins





REGISTERED OFFICE: Unit 5 Stour Vale Road
Lye
Stourbridge
West Midlands
DY9 8PP





REGISTERED NUMBER: 11177713 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TREND TILE & BATHROOM SPECIALISTS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trend Tile & Bathroom Specialists Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trend Tile & Bathroom Specialists Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trend Tile & Bathroom Specialists Ltd and state those matters that we have agreed to state to the Board of Directors of Trend Tile & Bathroom Specialists Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trend Tile & Bathroom Specialists Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trend Tile & Bathroom Specialists Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trend Tile & Bathroom Specialists Ltd. You consider that Trend Tile & Bathroom Specialists Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trend Tile & Bathroom Specialists Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


6 October 2023

TREND TILE & BATHROOM SPECIALISTS LTD (REGISTERED NUMBER: 11177713)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,611 46,425

CURRENT ASSETS
Stocks 74,221 67,224
Debtors 5 68,156 47,009
Cash at bank and in hand 51,657 34,351
194,034 148,584
CREDITORS
Amounts falling due within one year 6 178,412 144,649
NET CURRENT ASSETS 15,622 3,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,233

50,360

CREDITORS
Amounts falling due after more than one
year

7

(41,288

)

(37,129

)

PROVISIONS FOR LIABILITIES (7,795 ) (8,821 )
NET ASSETS 7,150 4,410

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7,148 4,408
SHAREHOLDERS' FUNDS 7,150 4,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 6 October 2023 and were signed on its behalf by:





Mr N S Watkins - Director


TREND TILE & BATHROOM SPECIALISTS LTD (REGISTERED NUMBER: 11177713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Trend Tile & Bathroom Specialists 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 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 (2022 - 5 ) .

TREND TILE & BATHROOM SPECIALISTS LTD (REGISTERED NUMBER: 11177713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 2,815 12,619 42,150 3,280 60,864
Additions - 4,030 - 1,865 5,895
Disposals (1,100 ) - - - (1,100 )
At 31 March 2023 1,715 16,649 42,150 5,145 65,659
DEPRECIATION
At 1 April 2022 1,345 2,372 9,335 1,387 14,439
Charge for year 292 1,550 8,203 1,249 11,294
Eliminated on disposal (685 ) - - - (685 )
At 31 March 2023 952 3,922 17,538 2,636 25,048
NET BOOK VALUE
At 31 March 2023 763 12,727 24,612 2,509 40,611
At 31 March 2022 1,470 10,247 32,815 1,893 46,425

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 34,400
DEPRECIATION
At 1 April 2022 5,431
Charge for year 7,242
At 31 March 2023 12,673
NET BOOK VALUE
At 31 March 2023 21,727
At 31 March 2022 28,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,959 44,746
Other debtors 1,197 2,263
68,156 47,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,126 10,126
Hire purchase contracts 5,556 -
Trade creditors 117,696 125,329
Taxation and social security 43,596 7,946
Other creditors 1,438 1,248
178,412 144,649

TREND TILE & BATHROOM SPECIALISTS LTD (REGISTERED NUMBER: 11177713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,003 37,129
Hire purchase contracts 14,285 -
41,288 37,129