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REGISTERED NUMBER: 00463274 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

TIDALS STORES LIMITED

TIDALS STORES LIMITED (REGISTERED NUMBER: 00463274)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

TIDALS STORES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: I L Edwards
H T Edwards
Mrs B M Edwards





SECRETARY: Mrs B M Edwards





REGISTERED OFFICE: 90, High Street,
Blackwood,
Monmouth
NP2 1AE





REGISTERED NUMBER: 00463274 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

TIDALS STORES LIMITED (REGISTERED NUMBER: 00463274)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,482 87,627

CURRENT ASSETS
Stocks 123,152 122,805
Debtors 5 2,688 2,688
Cash at bank and in hand 2,521 15,321
128,361 140,814
CREDITORS
Amounts falling due within one year 6 62,203 69,918
NET CURRENT ASSETS 66,158 70,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,640

158,523

CREDITORS
Amounts falling due after more than one year 7 20,431 29,250
NET ASSETS 127,209 129,273

CAPITAL AND RESERVES
Called up share capital 32,050 32,050
Retained earnings 95,159 97,223
SHAREHOLDERS' FUNDS 127,209 129,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 8 November 2023 and were signed on its behalf by:



I L Edwards - Director


TIDALS STORES LIMITED (REGISTERED NUMBER: 00463274)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tidals Stores 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.
Freehold property - 2% on cost
Short leasehold - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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 7 (2022 - 8 ) .

TIDALS STORES LIMITED (REGISTERED NUMBER: 00463274)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Freehold Short Long
property leasehold leasehold
£    £    £   
COST
At 1 March 2022
and 28 February 2023 18,088 142,706 2,187
DEPRECIATION
At 1 March 2022 10,734 74,266 1,995
Charge for year 362 2,855 39
At 28 February 2023 11,096 77,121 2,034
NET BOOK VALUE
At 28 February 2023 6,992 65,585 153
At 28 February 2022 7,354 68,440 192

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 20,474 24,240 255 207,950
DEPRECIATION
At 1 March 2022 20,054 13,019 255 120,323
Charge for year 84 2,805 - 6,145
At 28 February 2023 20,138 15,824 255 126,468
NET BOOK VALUE
At 28 February 2023 336 8,416 - 81,482
At 28 February 2022 420 11,221 - 87,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 900 900
Other debtors 1,788 1,788
2,688 2,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 20,878 11,387
Trade creditors 24,685 33,181
Taxation and social security 13,597 21,424
Other creditors 3,043 3,926
62,203 69,918

TIDALS STORES LIMITED (REGISTERED NUMBER: 00463274)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 20,431 29,250

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tidals Stores Limited

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 Tidals Stores Limited for the year ended 28 February 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 Tidals Stores Limited, 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 Tidals Stores Limited and state those matters that we have agreed to state to the Board of Directors of Tidals Stores Limited, 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 Tidals Stores Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tidals Stores Limited 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 loss of Tidals Stores Limited. You consider that Tidals Stores Limited 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 Tidals Stores Limited. 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.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


8 November 2023