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REGISTERED NUMBER: 02504067 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

TIN HORSE DESIGN LTD.

TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIN HORSE DESIGN LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M C Bunce
W Maskell





SECRETARY: M C Bunce





REGISTERED OFFICE: 16 Hertford Court
Hertford Road
Marlborough
Wiltshire
SN8 4AW





REGISTERED NUMBER: 02504067 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,409 35,859

CURRENT ASSETS
Debtors 5 386,736 494,017
Cash at bank and in hand 225,212 310,777
611,948 804,794
CREDITORS
Amounts falling due within one year 6 169,304 273,798
NET CURRENT ASSETS 442,644 530,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,053

566,855

CREDITORS
Amounts falling due after more than one
year

7

(105,495

)

(133,326

)

PROVISIONS FOR LIABILITIES (5,452 ) (3,442 )
NET ASSETS 367,106 430,087

CAPITAL AND RESERVES
Called up share capital 300 300
Capital redemption reserve 250 250
Retained earnings 366,556 429,537
367,106 430,087

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

BALANCE SHEET - continued
31ST MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





M C Bunce - Director


TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023


1. STATUTORY INFORMATION

Tin Horse Design 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.
Leasehold improvements - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
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.

TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1st June 2022 54,581 72,539 186,064
Additions - - -
Disposals - (9,566 ) -
At 31st May 2023 54,581 62,973 186,064
DEPRECIATION
At 1st June 2022 40,982 67,426 182,455
Charge for year 3,400 2,861 3,609
Eliminated on disposal - (9,566 ) -
At 31st May 2023 44,382 60,721 186,064
NET BOOK VALUE
At 31st May 2023 10,199 2,252 -
At 31st May 2022 13,599 5,113 3,609

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st June 2022 26,107 76,177 415,468
Additions - 20,916 20,916
Disposals (18,024 ) (1,430 ) (29,020 )
At 31st May 2023 8,083 95,663 407,364
DEPRECIATION
At 1st June 2022 26,107 62,639 379,609
Charge for year (1 ) 11,059 20,928
Eliminated on disposal (18,023 ) (993 ) (28,582 )
At 31st May 2023 8,083 72,705 371,955
NET BOOK VALUE
At 31st May 2023 - 22,958 35,409
At 31st May 2022 - 13,538 35,859

TIN HORSE DESIGN LTD. (REGISTERED NUMBER: 02504067)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 361,017 478,051
Other debtors 25,719 15,966
386,736 494,017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,031 26,741
Trade creditors 22,087 7,931
Taxation and social security 36,201 97,711
Other creditors 83,985 141,415
169,304 273,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 105,495 133,326

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 49,580 46,500
Between one and five years 86,572 152,610
136,152 199,110