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REGISTERED NUMBER: 04680117 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

D & R Tiles Ltd

D & R Tiles Ltd (Registered number: 04680117)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D & R Tiles Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Antanelis
Ms S L George
Mrs J Antanelis





REGISTERED OFFICE: Unit 5
Aberaman Enterprise Centre
Aberaman
Aberdare
Mid Glamorgan
CF44 6DA





REGISTERED NUMBER: 04680117 (England and Wales)





ACCOUNTANTS: C Hergest Ltd
AAT Licensed Accountant
28 High Street
Aberdare
RCT
CF44 7AA

D & R Tiles Ltd (Registered number: 04680117)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,000 80,000
Tangible assets 5 7,800 10,361
87,800 90,361

CURRENT ASSETS
Stocks 6 43,595 38,210
Debtors 7 7,837 3,197
Cash at bank and in hand 77,677 108,886
129,109 150,293
CREDITORS
Amounts falling due within one year 8 34,008 46,245
NET CURRENT ASSETS 95,101 104,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,901

194,409

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 182,801 194,309
SHAREHOLDERS' FUNDS 182,901 194,409

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:



R Antanelis - Director


D & R Tiles Ltd (Registered number: 04680117)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

D & R Tiles Ltd 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.

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
There has been no impairment of goodwill in the year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 80,000
NET BOOK VALUE
At 31 March 2024 80,000
At 31 March 2023 80,000

D & R Tiles Ltd (Registered number: 04680117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 8,325 15,351 1,314 24,990
DEPRECIATION
At 1 April 2023 3,905 9,856 868 14,629
Charge for year 1,020 1,374 167 2,561
At 31 March 2024 4,925 11,230 1,035 17,190
NET BOOK VALUE
At 31 March 2024 3,400 4,121 279 7,800
At 31 March 2023 4,420 5,495 446 10,361

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 43,595 38,210

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,407 2,146
Tax 1,060 -
Prepayments 1,370 1,051
7,837 3,197

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 20,382 27,359
Tax 2,593 3,440
Social security and other taxes - 239
VAT 4,922 9,243
Directors' current accounts 1,196 1,408
Accrued expenses 4,915 4,556
34,008 46,245

D & R Tiles Ltd (Registered number: 04680117)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 194,309
Profit for the year 8,492
Dividends (20,000 )
At 31 March 2024 182,801