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Tailored Heat Ltd
Registered Number:09382176
For the year ended 30 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 January 2023
Tailored Heat Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09382176
As at 30 January 2023
Tailored Heat Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,648
15,535
2
12,648
15,535
Current assets
Trade and other receivables
13,619
9,571
3
44,428
Cash and cash equivalents
56,266
65,837
58,047
Trade and other payables: amounts falling due within one
year
(22,554)
(25,595)
4
35,493
40,242
Net current assets
Total assets less current liabilities
52,890
51,028
Trade and other payables: amounts falling due after more
than one year
(6,776)
-
5
(2,403)
(2,952)
Provisions for liabilities
50,487
Net assets
41,300
Capital and reserves
Called up share capital
1
1
Retained earnings
50,486
41,299
50,487
41,300
Shareholders' funds
For the year ended 30 January 2023 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 of its financial statements for the year ended 30 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
L S Taylor Director
These financial statements were approved and authorised for issue by the Board on 14 October 2023 and were signed by:
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4
Registered Number :
09382176
For the year ended 30 January 2023
Tailored Heat Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 January 2023
Tailored Heat Ltd
Notes to the Financial Statements
Statutory Information
Tailored Heat Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09382176.
Principal place of business:
51 Bowers Park Drive
Woolwell
Plymouth
PL6 7SH
Registered address:
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
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6
For the year ended 30 January 2023
Tailored Heat Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Fixtures and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 31 January 2022
27,497
2,582
870
24,045
1,328
733
595
-
Additions
At 30 January 2023
24,045
1,465
3,315
28,825
Provision for depreciation and impairment
At 31 January 2022
11,962
1,155
288
10,519
Charge for year
4,215
632
202
3,381
At 30 January 2023
16,177
1,787
490
13,900
At 30 January 2023
Net book value
10,145
975
1,528
12,648
At 30 January 2022
13,526
582
1,427
15,535
3. Trade and other receivables
2022
2023
£
£
Trade debtors
5,500
9,796
Other debtors
4,071
3,823
13,619
9,571
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
1,939
1,983
Trade creditors
-
164
Taxation and social security
17,387
15,644
Other creditors
6,269
4,763
25,595
22,554
Included within taxation and social security is corporation tax of £3,705 (2022: £3,380.
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7
For the year ended 30 January 2023
Tailored Heat Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
-
6,776
In June 2020 the company took out a bounce back loan to help them get through the Covid restrictions.The first 12 months were interest free as the government were covering the interest.The first repayment was due 13 months after tthe monies were received, witth the full period of the loan being 72 months.The loan was paid off in March 2023.
6. Related party transactions
Dividends of £4,000 were paid to the director in the year.
The company is under the effective control of its director.
7. Directors advances and guarantees
At 31/01/2022
Loaned
At 30/01/2023
£
£
£
L S Taylor
Loan from the director
3,841
3,321
520
3,841
3,321
520
8. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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