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Totnes Tile & Bath Limited
Registered Number:09152597
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Totnes Tile & Bath Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09152597
As at 31 March 2023
Totnes Tile & Bath Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
23,447
26,798
2
Property, plant and equipment
24,145
30,535
3
47,592
57,333
Current assets
Inventories
16,500
15,550
5
Trade and other receivables
118,095
72,716
6
127,760
Cash and cash equivalents
42,257
130,523
262,355
Trade and other payables: amounts falling due within one
year
(93,385)
(132,836)
7
168,970
(2,313)
Net current liabilities
Total assets less current liabilities
45,279
226,303
Trade and other payables: amounts falling due after more
than one year
(32,387)
(22,435)
8
(683)
(460)
Provisions for liabilities
22,161
Net assets
193,456
Capital and reserves
Called up share capital
120,004
120,004
Share premium account
11,678
11,678
Retained earnings
(109,521)
61,774
22,161
193,456
Shareholders' funds
For the year ended 31 March 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 31 March 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.
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4
Registered Number :
09152597
For the year ended 31 March 2023
Totnes Tile & Bath Limited
Statement of Financial Position Continued
Kathryn Knight Director
These financial statements were approved and authorised for issue by the Board on 23 August 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Totnes Tile & Bath Limited
Notes to the Financial Statements
Statutory Information
Totnes Tile & Bath Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09152597.
Registered address:
1 Archant House
Babbage Road
Totnes
Devon
TQ9 5JA
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 as
modified by the revaluation of certain assets.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Bounce Back Loan
During the year the Company received a Bounce Back Loan which is initially repayable over 6 years. The interest
has been charged to the Profit and Loss Account as appropriate, with a Grant being received to cover the first 12
months of the interest payable and the loan recorded in the balance sheet.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
67,010
At 31 March 2023
67,010
Amortisation
At 01 April 2022
40,212
3,351
Charge for year
At 31 March 2023
43,563
Net book value
At 31 March 2023
23,447
At 31 March 2022
26,798
During the year the policy in respect of Intangible Assets was revised to amortise Goodwill over 12 years from their
orginal cost date.
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6
For the year ended 31 March 2023
Totnes Tile & Bath Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
£
£
£
Cost or
valuation
At 01 April 2022
84,694
42,695
41,999
At 31 March 2023
41,999
42,695
84,694
Provision for depreciation and impairment
At 01 April 2022
54,159
30,260
23,899
Charge for year
6,390
1,865
4,525
At 31 March 2023
60,549
32,125
28,424
At 31 March 2023
Net book value
13,575
10,570
24,145
At 31 March 2022
18,100
12,435
30,535
4. Investments held as fixed assets
5. Inventories
2022
2023
£
£
Stocks
15,550
16,500
6. Trade and other receivables
2022
2023
£
£
Trade debtors
72,716
84,062
Other debtors
-
34,033
118,095
72,716
7. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
21,484
9,707
Trade creditors
72,094
58,536
Taxation and social security
34,671
25,142
Other creditors
4,587
-
132,836
93,385
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7
For the year ended 31 March 2023
Totnes Tile & Bath Limited
Notes to the Financial Statements Continued
8. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
22,435
32,387
9. Related party transactions
The company was under the control of Mr A Knight during this year.
10. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
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