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REGISTERED NUMBER: 09703711 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

J W TILING LIMITED

J W TILING LIMITED (REGISTERED NUMBER: 09703711)

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


J W TILING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J P Williams





SECRETARY: Mrs S M Williams





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 09703711 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

J W TILING LIMITED (REGISTERED NUMBER: 09703711)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,965 1,893

CURRENT ASSETS
Debtors 5 8,022 5,081
Cash at bank 814 334
8,836 5,415
CREDITORS
Amounts falling due within one year 6 4,487 4,294
NET CURRENT ASSETS 4,349 1,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,314

3,014

CREDITORS
Amounts falling due after more than one
year

7

(5,188

)

(6,331

)

PROVISIONS FOR LIABILITIES 8 (158 ) -
NET ASSETS/(LIABILITIES) 968 (3,317 )

CAPITAL AND RESERVES
Called up share capital 102 101
Retained earnings 866 (3,418 )
SHAREHOLDERS' FUNDS 968 (3,317 )

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.

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 3 October 2024 and were signed by:





J P Williams - Director


J W TILING LIMITED (REGISTERED NUMBER: 09703711)

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


1. STATUTORY INFORMATION

J W Tiling 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

The validity of the going concern basis depends upon the continued support of the company director.

Turnover
Turnover represents amounts receivable for construction services net of VAT.

Revenue from the sale of services is recognised by reference to the stage of completion and when the costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Furniture,fittings & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Government grants
Grants are accounted for under the accruals method. Grants of a revenue nature are recognised in "other income" within the profit or loss in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

J W TILING LIMITED (REGISTERED NUMBER: 09703711)

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


4. TANGIBLE FIXED ASSETS
Plant & Furniture,fittings Motor Computer
machinery & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,886 3,941 6,200 2,340 14,367
Additions 313 - - 469 782
At 31 March 2024 2,199 3,941 6,200 2,809 15,149
DEPRECIATION
At 1 April 2023 1,273 3,367 5,494 2,340 12,474
Charge for year 232 144 177 157 710
At 31 March 2024 1,505 3,511 5,671 2,497 13,184
NET BOOK VALUE
At 31 March 2024 694 430 529 312 1,965
At 31 March 2023 613 574 706 - 1,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 640 -
Other debtors 7,120 4,465
Tax - 101
VAT 262 310
Deferred tax asset - 205
8,022 5,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,134 760
Tax 1,112 -
Other creditors 58 774
Directors' current accounts 908 1,515
Accrued expenses 1,275 1,245
4,487 4,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,163 1,013
Bank loans - 2-5 years 3,668 3,039
Bank loans more 5 yr by instal 357 2,279
5,188 6,331

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 357 2,279

J W TILING LIMITED (REGISTERED NUMBER: 09703711)

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


8. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Deferred tax on capital allowances 158

Deferred
tax
£   
Balance at 1 April 2023 (205 )
Provided during year 363
Balance at 31 March 2024 158