2022-12-01 2023-11-30 false Capium Accounts Production 1.1 11082748 bus:FullAccounts 2022-12-01 2023-11-30 11082748 bus:FRS102 2022-12-01 2023-11-30 11082748 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11082748 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11082748 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11082748 2022-12-01 2023-11-30 11082748 2023-11-30 11082748 bus:RegisteredOffice 2022-12-01 2023-11-30 11082748 core:WithinOneYear 2023-11-30 11082748 core:AfterOneYear 2023-11-30 11082748 bus:Director1 2022-12-01 2023-11-30 11082748 bus:Director1 2023-11-30 11082748 bus:Director1 2021-12-01 2022-11-30 11082748 bus:Director2 2022-12-01 2023-11-30 11082748 bus:Director2 2023-11-30 11082748 bus:Director2 2021-12-01 2022-11-30 11082748 2021-12-01 11082748 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 11082748 2021-12-01 2022-11-30 11082748 2022-11-30 11082748 core:WithinOneYear 2022-11-30 11082748 core:AfterOneYear 2022-11-30 11082748 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 11082748 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 11082748 bus:OrdinaryShareClass1 2023-11-30 11082748 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 11082748 bus:OrdinaryShareClass1 2022-11-30 11082748 core:PlantMachinery 2022-12-01 2023-11-30 11082748 core:PlantMachinery 2023-11-30 11082748 core:PlantMachinery 2022-11-30 11082748 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 11082748 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 11082748 core:NetGoodwill 2022-12-01 2023-11-30 11082748 core:NetGoodwill 2023-11-30 11082748 core:NetGoodwill 2022-11-30 11082748 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 11082748 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 11082748 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 11082748 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11082748 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11082748 core:Non-currentFinancialInstruments 2023-11-30 11082748 core:Non-currentFinancialInstruments 2022-11-30 11082748 core:ShareCapital 2023-11-30 11082748 core:ShareCapital 2022-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2023-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2022-11-30 11082748 core:ShareCapitalOrdinaryShares 2022-12-01 11082748 core:ShareCapitalOrdinaryShares 2021-12-01 11082748 core:ShareCapitalOrdinaryShares 2022-12-01 2023-11-30 11082748 core:ShareCapitalOrdinaryShares 2021-12-01 2022-11-30 11082748 core:ShareCapitalOrdinaryShares 2023-11-30 11082748 core:ShareCapitalOrdinaryShares 2022-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2022-12-01 11082748 core:RetainedEarningsAccumulatedLosses 2021-12-01 11082748 core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2023-11-30 11082748 core:RetainedEarningsAccumulatedLosses 2022-11-30 11082748 dpl:Item1 2022-12-01 11082748 dpl:Item1 2023-11-30 11082748 dpl:Item1 2021-12-01 11082748 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11082748
England and Wales

 

 

 

PITSEA TILE CENTRE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors T Regan
J Regan
Registered Number 11082748
Registered Office Lodge Park
Lodge Lane
Colchester
Essex
CO4 5NE
Accountants Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial year was of tile retailers.
Directors
The directors who served the company throughout the year were as follows:
T Regan
J Regan
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
T Regan
Director

Date approved: 23 August 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pitsea Tile Centre Ltd for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pitsea Tile Centre Ltd for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Pitsea Tile Centre Ltd , as a body, in accordance with the terms of our engagement letter dated 23 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of Pitsea Tile Centre Ltd and state those matters that we have agreed to state to the Board of Directors of Pitsea Tile Centre Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pitsea Tile Centre Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pitsea Tile Centre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pitsea Tile Centre Ltd . You consider that Pitsea Tile Centre Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Pitsea Tile Centre Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2023



....................................................
Bowgen Limited
274 Ipswich Road
Colchester
Essex
CO4 0ES
23 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 27,722    34,653 
27,722    34,653 
Current assets      
Stocks 5 57,935    60,826 
Debtors 6 19,993    9,583 
Cash at bank and in hand 582,662    491,287 
660,590    561,696 
Creditors: amount falling due within one year 7 (260,357)   (234,584)
Net current assets 400,233    327,112 
 
Total assets less current liabilities 427,955    361,765 
Net assets 427,955    361,765 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 427,855    361,665 
Shareholders' funds 427,955    361,765 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 August 2024 and were signed on its behalf by:


-------------------------------
T Regan
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 100  328,963  329,063 
Profit for the year 177,702  177,702 
Total comprehensive income for the year 177,702  177,702 
Dividends (145,000) (145,000)
Total investments by and distributions to owners (145,000) (145,000)
At 30 November 2022 100  361,665  361,765 
At 01 December 2022 100  361,665  361,765 
Profit for the year 168,190  168,190 
Total comprehensive income for the year 168,190  168,190 
Dividends (102,000) (102,000)
Total investments by and distributions to owners (102,000) (102,000)
At 30 November 2023 100  427,855  427,955 
5
General Information
Pitsea Tile Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 11082748, registration address Lodge Park, Lodge Lane, Colchester, Essex, CO4 5NE. The trading address of the company is 55 High Road, Pitsea, Basildon, Essex, SS13 3BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 3 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2022 : 5).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022 41,193    41,193 
Additions  
Disposals  
At 30 November 2023 41,193    41,193 
Amortisation
At 01 December 2022 41,193    41,193 
Charge for year  
On disposals  
At 30 November 2023 41,193    41,193 
Net book values
At 30 November 2023  
At 30 November 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2022 79,457    79,457 
Additions  
Disposals  
At 30 November 2023 79,457    79,457 
Depreciation
At 01 December 2022 44,804    44,804 
Charge for year 6,931    6,931 
On disposals  
At 30 November 2023 51,735    51,735 
Net book values
Closing balance as at 30 November 2023 27,722    27,722 
Opening balance as at 01 December 2022 34,653    34,653 


5.

Stocks

2023
£
  2022
£
Stocks 57,935    60,826 
57,935    60,826 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Debtors 16,243    5,833 
Prepayments and accrued income 3,750    3,750 
19,993    9,583 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Creditors 115,839    123,748 
Corporation tax 52,208    36,384 
PAYE and social security 12,035    12,345 
Accruals 30,000    30,000 
Other creditors and accruals 22,778    820 
Obligations under HP/finance leases 3,747    7,364 
VAT 23,750    23,923 
260,357    234,584 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

6