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REGISTERED NUMBER: 01113796 (England and Wales)













TREFOREST TILING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREFOREST TILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: G J Brett
R A Potts





REGISTERED OFFICE: Treforest Tiling Ltd North Road
Bridgend Industrial Estat
Bridgend
CF31 3TP





REGISTERED NUMBER: 01113796 (England and Wales)





ACCOUNTANTS: Carr, Jenkins & Hood
Oystermouth House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS

TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101,118 67,220
Investments 5 670,040 670,040
771,158 737,260

CURRENT ASSETS
Stocks 91,792 84,652
Debtors 6 457,349 368,117
Cash at bank and in hand 193,423 220,305
742,564 673,074
CREDITORS
Amounts falling due within one year 7 269,406 266,887
NET CURRENT ASSETS 473,158 406,187
TOTAL ASSETS LESS CURRENT LIABILITIES 1,244,316 1,143,447

CREDITORS
Amounts falling due after more than one
year

8

(60,130

)

(162,836

)

PROVISIONS FOR LIABILITIES (18,545 ) (9,640 )
NET ASSETS 1,165,641 970,971

CAPITAL AND RESERVES
Called up share capital 46 46
Capital redemption reserve 94 94
Retained earnings 1,165,501 970,831
1,165,641 970,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

BALANCE SHEET - continued
30 JUNE 2023


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 19 October 2023 and were signed on its behalf by:




G J Brett - Director



R A Potts - Director


TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Treforest Tiling 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 17 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 59,898 9,992 100,286 11,967 182,143
Additions 1,173 - 55,666 1,295 58,134
Disposals - - (23,860 ) - (23,860 )
At 30 June 2023 61,071 9,992 132,092 13,262 216,417
DEPRECIATION
At 1 July 2022 41,301 7,357 59,284 6,981 114,923
Charge for year 2,894 1,499 19,482 1,966 25,841
Eliminated on disposal - - (25,465 ) - (25,465 )
At 30 June 2023 44,195 8,856 53,301 8,947 115,299
NET BOOK VALUE
At 30 June 2023 16,876 1,136 78,791 4,315 101,118
At 30 June 2022 18,597 2,635 41,002 4,986 67,220

TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022 56,583
Additions 34,120
At 30 June 2023 90,703
DEPRECIATION
At 1 July 2022 19,065
Charge for year 15,067
At 30 June 2023 34,132
NET BOOK VALUE
At 30 June 2023 56,571
At 30 June 2022 37,518

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 670,040
NET BOOK VALUE
At 30 June 2023 670,040
At 30 June 2022 670,040

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 283,755 252,537
Amounts owed by associates 31,727 -
Other debtors 49,049 29,855
364,531 282,392

TREFOREST TILING LIMITED (REGISTERED NUMBER: 01113796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 92,818 85,725

Aggregate amounts 457,349 368,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,568 50,000
Hire purchase contracts 17,690 9,938
Trade creditors 119,733 132,726
Taxation and social security 110,641 57,321
Other creditors 3,774 16,902
269,406 266,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 35,135 150,000
Hire purchase contracts 24,995 12,836
60,130 162,836