Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsetrue2022-02-01false11 07922244 2022-02-01 2023-01-31 07922244 2021-02-01 2022-01-31 07922244 2023-01-31 07922244 2022-01-31 07922244 c:Director1 2022-02-01 2023-01-31 07922244 d:Buildings d:LongLeaseholdAssets 2022-02-01 2023-01-31 07922244 d:Buildings d:LongLeaseholdAssets 2023-01-31 07922244 d:Buildings d:LongLeaseholdAssets 2022-01-31 07922244 d:PlantMachinery 2022-02-01 2023-01-31 07922244 d:PlantMachinery 2023-01-31 07922244 d:PlantMachinery 2022-01-31 07922244 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07922244 d:FurnitureFittings 2022-02-01 2023-01-31 07922244 d:FurnitureFittings 2023-01-31 07922244 d:FurnitureFittings 2022-01-31 07922244 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07922244 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 07922244 d:CurrentFinancialInstruments 2023-01-31 07922244 d:CurrentFinancialInstruments 2022-01-31 07922244 d:Non-currentFinancialInstruments 2023-01-31 07922244 d:Non-currentFinancialInstruments 2022-01-31 07922244 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07922244 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07922244 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07922244 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 07922244 d:ShareCapital 2023-01-31 07922244 d:ShareCapital 2022-01-31 07922244 d:RetainedEarningsAccumulatedLosses 2023-01-31 07922244 d:RetainedEarningsAccumulatedLosses 2022-01-31 07922244 c:FRS102 2022-02-01 2023-01-31 07922244 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 07922244 c:FullAccounts 2022-02-01 2023-01-31 07922244 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 07922244


 







TILES DIY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
TILES DIY LIMITED
REGISTERED NUMBER: 07922244

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
71,515
96,085

Current assets
  

Stocks
  
23,815
23,815

Debtors: amounts falling due within one year
 5 
193,860
127,470

Cash at bank and in hand
  
480
734

  
218,155
152,019

Creditors: amounts falling due within one year
 6 
(93,624)
(41,677)

Net current assets
  
 
 
124,531
 
 
110,342

Total assets less current liabilities
  
196,046
206,427

Creditors: amounts falling due after more than one year
 7 
(24,167)
(34,167)

Net assets
  
171,879
172,260


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
171,779
172,160

  
171,879
172,260


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
TILES DIY LIMITED
REGISTERED NUMBER: 07922244
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 October 2023.




M Yurtseven
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TILES DIY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Tiles DIY Limited ('the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 480-482 Ley Street, Ilford, England, IG2 7BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TILES DIY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a combination of the straight line and reducing balance methods..

Depreciation is provided on the following annual bases:

Leasehold property
-
10%
straight line
Plant & machinery
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
TILES DIY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
TILES DIY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 February 2022
50,958
13,506
384,942
449,406



At 31 January 2023

50,958
13,506
384,942
449,406



Depreciation


At 1 February 2022
32,767
11,493
309,061
353,321


Charge for the year on owned assets
5,096
503
18,971
24,570



At 31 January 2023

37,863
11,996
328,032
377,891



Net book value



At 31 January 2023
13,095
1,510
56,910
71,515



At 31 January 2022
18,191
2,013
75,881
96,085


5.


Debtors

2023
2022
£
£


Trade debtors
72,000
-

Amounts owed by connected entities
42,580
24,790

Other debtors
23,650
31,904

Prepayments and accrued income
55,630
70,776

193,860
127,470


Page 6

 
TILES DIY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
22,499
12,561

Other taxation and social security
12,109
-

Other creditors
16,516
16,516

Accruals and deferred income
32,500
2,600

93,624
41,677



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,167
34,167



8.


Related party transactions

Included within other creditors due within one year is an amount owed to the director amounting to £16,516 (2022 - £16,516).

 
Page 7