Registered number
14506033
The New Forest Tile Co. Ltd.
Filleted Accounts
31 January 2024
The New Forest Tile Co. Ltd.
Registered number: 14506033
Balance Sheet
as at 31 January 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 6,076 -
Current assets
Stocks 6,500 -
Debtors 4 11,844 -
Cash at bank and in hand 7,801 -
26,145 -
Creditors: amounts falling due within one year 5 (21,628) -
Net current assets 4,517 -
Net assets 10,593 -
Capital and reserves
Called up share capital 100 -
Profit and loss account 10,493 -
Shareholders' funds 10,593 -
The directors are 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 directors acknowledge their 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.
S David
Director
Approved by the board on 9 April 2024
The New Forest Tile Co. Ltd.
Notes to the Accounts
for the period from 25 November 2022 to 31 January 2024
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).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 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.
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. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 2 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 3,145 4,450 7,595
At 31 January 2024 3,145 4,450 7,595
Depreciation
Charge for the period 629 890 1,519
At 31 January 2024 629 890 1,519
Net book value
At 31 January 2024 2,516 3,560 6,076
4 Debtors 2024 2022
£ £
Trade debtors 6,592 -
Other debtors 5,252 -
11,844 -
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 12,342 -
Taxation and social security costs 1,207 -
Other creditors 8,079 -
21,628 -
6 Controlling party
The company is controlled by S David.
7 Other information
The New Forest Tile Co. Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
34 Ringwood Road
Walkford
Christchurch
Dorset
BH23 5RD
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