Company Registration No. 11810116 (England and Wales)
Tulips World Ltd
Unaudited accounts
for the period from 1 August 2022 to 30 July 2023
Tulips World Ltd
Unaudited accounts
Contents
Tulips World Ltd
Company Information
for the period from 1 August 2022 to 30 July 2023
Company Number
11810116 (England and Wales)
Tulips World Ltd
Statement of financial position
as at 30 July 2023
Intangible assets
5,296
6,458
Tangible assets
143,944
166,988
Cash at bank and in hand
37,429
14,932
Creditors: amounts falling due within one year
(79,666)
(82,086)
Net current assets/(liabilities)
9,761
(17,041)
Total assets less current liabilities
159,001
156,405
Creditors: amounts falling due after more than one year
(203,652)
(205,733)
Net liabilities
(44,651)
(49,328)
Called up share capital
100
100
Profit and loss account
(44,751)
(49,428)
Shareholders' funds
(44,651)
(49,328)
For the period ending 30 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2024 and were signed on its behalf by
Musarrat Tariq
Director
Company Registration No. 11810116
Tulips World Ltd
Notes to the Accounts
for the period from 1 August 2022 to 30 July 2023
Tulips World Ltd is a private company, limited by shares, registered in England and Wales, registration number 11810116.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
18% Reducing Balance
Motor vehicles
18% Reducing Balance
Fixtures & fittings
18% Reducing Balance
Computer equipment
18% Reducing Balance
Other tangible fixed assets
18% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the period
1,162
Tulips World Ltd
Notes to the Accounts
for the period from 1 August 2022 to 30 July 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2022
159,393
59,679
219,072
At 30 July 2023
159,393
59,679
219,072
At 1 August 2022
31,878
20,206
52,084
Charge for the period
15,939
7,105
23,044
At 30 July 2023
47,817
27,311
75,128
At 30 July 2023
111,576
32,368
143,944
At 31 July 2022
127,515
39,473
166,988
Amounts falling due within one year
Trade debtors
36,998
32,967
Accrued income and prepayments
-
2,459
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,081
2,081
Trade creditors
10,000
9,883
Taxes and social security
-
884
Other creditors
12,503
41,611
Loans from directors
7,333
7,333
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
200,000
200,000
9
Average number of employees
During the period the average number of employees was 0 (2022: 0).