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Tamar Hotel Supplies Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2023

Registration number: 12272658

 

Tamar Hotel Supplies Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tamar Hotel Supplies Limited

Balance Sheet

31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

39,882

-

Debtors

5

42,726

1

Cash at bank and in hand

 

17,878

-

 

100,486

1

Creditors: Amounts falling due within one year

6

(96,236)

-

Net assets

 

4,250

1

Capital and reserves

 

Called up share capital

7

1

1

Profit and loss account

4,249

-

Shareholders' funds

 

4,250

1

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 December 2023
 

.........................................
L J Holmes
Director

Company Registration Number: 12272658

 

Tamar Hotel Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The principal place of business is:
Mor Workspace
Treloggan Lane
Newquay
TR7 2FP

These financial statements were authorised for issue by the director on 22 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in pounds sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of consumables for use in the hospitality sector. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Turnover is recognised at the point of dispatch of product.

 

Tamar Hotel Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Financial instruments

Classification
The company holds the following financial instruments:

• Trade and other debtors
• Other creditors

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 0).

4

Stocks

2023
£

2022
£

Consumables

39,882

-

 

Tamar Hotel Supplies Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2023

5

Debtors

2023
£

2022
£

Trade debtors

42,725

-

Other debtors

1

1

42,726

1

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

5,400

-

Corporation tax

997

-

Taxation and social security

9,592

-

Other creditors

78,092

-

Accruals and deferred income

2,155

-

96,236

-

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1