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REGISTERED NUMBER: 05045014 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TANOUS FINE ART FRAMES LIMITED

TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TANOUS FINE ART FRAMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Tanous





REGISTERED OFFICE: 7 Lillie Yard
Fulham
London
SW6 1UB





REGISTERED NUMBER: 05045014 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,480
Tangible assets 5 12,818 17,396
12,818 18,876

CURRENT ASSETS
Stocks 5,970 5,470
Debtors 6 120,192 18,096
Cash at bank and in hand 169,732 262,016
295,894 285,582
CREDITORS
Amounts falling due within one year 7 30,078 31,901
NET CURRENT ASSETS 265,816 253,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,634

272,557

PROVISIONS FOR LIABILITIES 3,305 3,289
NET ASSETS 275,329 269,268

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 275,327 269,266
SHAREHOLDERS' FUNDS 275,329 269,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2024 and were signed by:





D Tanous - Director


TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Tanous Fine Art Frames Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 27,890
AMORTISATION
At 1 April 2023 26,410
Charge for year 1,480
At 31 March 2024 27,890
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,480

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 61,667
Disposals (17,410 )
At 31 March 2024 44,257
DEPRECIATION
At 1 April 2023 44,271
Charge for year 3,673
Eliminated on disposal (16,505 )
At 31 March 2024 31,439
NET BOOK VALUE
At 31 March 2024 12,818
At 31 March 2023 17,396

TANOUS FINE ART FRAMES LIMITED (REGISTERED NUMBER: 05045014)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 27,324 10,716
Other debtors 92,868 7,380
120,192 18,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 25,815 27,710
Other creditors 4,263 4,191
30,078 31,901

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary 1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director £376 (2023 - £376).

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Tanous.