Registered number
12146075
Tidy Prints Ltd
Unaudited Filleted Accounts
30 November 2023
Tidy Prints Ltd
Registered number: 12146075
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 - 368
Current assets
Stocks - 200
Debtors 5 245 567
Cash at bank and in hand 1,121 1,470
1,366 2,237
Creditors: amounts falling due within one year 6 (7,306) (5,191)
Net current liabilities (5,940) (2,954)
Total assets less current liabilities (5,940) (2,586)
Provisions for liabilities - (70)
Net liabilities (5,940) (2,656)
Capital and reserves
Called up share capital 2 2
Profit and loss account (5,942) (2,658)
Shareholders' funds (5,940) (2,656)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Dack
Director
Approved by the board on 29 February 2024
Tidy Prints Ltd
Notes to the Accounts
for the period from 1 September 2022 to 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Company Closure
The director has decided that they no longer wish to continue trading and intend to liquidate or cease trading and for this reason the accounts have not been prepared on a going concern basis. The company has insufficient funds to meet all of it's liabilities, however the shareholders have agreed to support the company financially to enable the company to meet all of its obligations and therefore close it down.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Computer Equipment
£
Cost
At 1 September 2022 1,662
Disposals (1,662)
At 30 November 2023 -
Depreciation
At 1 September 2022 1,294
On disposals (1,294)
At 30 November 2023 -
Net book value
At 30 November 2023 -
At 31 August 2022 368
5 Debtors 2023 2022
£ £
Trade debtors 245 494
Other debtors - 73
245 567
6 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 7,306 5,191
7 Related party transactions
None noted
8 Transactions with Director
During the year Mr Paul Dack used a current account with the company to record amounts due to him and amounts drawn by him. The account shows an amount owed to Paul Dack as director as at 31st August 2023 of £1,133.32 (2022: £1,240.65). The amounts owed are repayable on demand.
9 Controlling party
Paul Dack holds 50% of the share capital of the company and manages the day to day running of the company he is therefore the controlling party
10 Other information
Tidy Prints Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
21 Priory Way
Langstone
Newport
NP18 2JE
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