IRIS Accounts Production v24.2.0.383 11480705 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114807052023-07-31114807052024-07-31114807052023-08-012024-07-31114807052022-07-31114807052022-08-012023-07-31114807052023-07-3111480705ns15:EnglandWales2023-08-012024-07-3111480705ns14:PoundSterling2023-08-012024-07-3111480705ns10:Director12023-08-012024-07-3111480705ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3111480705ns10:SmallEntities2023-08-012024-07-3111480705ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3111480705ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3111480705ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3111480705ns10:FullAccounts2023-08-012024-07-311148070512023-08-012024-07-3111480705ns10:Director22023-08-012024-07-3111480705ns10:Director32023-08-012024-07-3111480705ns10:Director42023-08-012024-07-3111480705ns10:RegisteredOffice2023-08-012024-07-3111480705ns5:CurrentFinancialInstruments2024-07-3111480705ns5:CurrentFinancialInstruments2023-07-3111480705ns5:Non-currentFinancialInstruments2024-07-3111480705ns5:Non-currentFinancialInstruments2023-07-3111480705ns5:ShareCapital2024-07-3111480705ns5:ShareCapital2023-07-3111480705ns5:SharePremium2024-07-3111480705ns5:SharePremium2023-07-3111480705ns5:CapitalRedemptionReserve2024-07-3111480705ns5:CapitalRedemptionReserve2023-07-3111480705ns5:RetainedEarningsAccumulatedLosses2024-07-3111480705ns5:RetainedEarningsAccumulatedLosses2023-07-3111480705ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3111480705ns5:ComputerSoftware2023-08-012024-07-3111480705ns5:FurnitureFittings2023-08-012024-07-3111480705ns5:ComputerEquipment2023-08-012024-07-3111480705ns5:IntangibleAssetsOtherThanGoodwill2023-07-3111480705ns5:IntangibleAssetsOtherThanGoodwill2024-07-3111480705ns5:IntangibleAssetsOtherThanGoodwill2023-07-3111480705ns5:FurnitureFittings2023-07-3111480705ns5:ComputerEquipment2023-07-3111480705ns5:FurnitureFittings2024-07-3111480705ns5:ComputerEquipment2024-07-3111480705ns5:FurnitureFittings2023-07-3111480705ns5:ComputerEquipment2023-07-3111480705ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3111480705ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3111480705ns5:Secured2024-07-3111480705ns5:Secured2023-07-31
REGISTERED NUMBER: 11480705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

The Tapestry Agency Limited

The Tapestry Agency Limited (Registered number: 11480705)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Tapestry Agency Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: R H Colquhoun
B Mayoh
M Sargent
D Lockwood





REGISTERED OFFICE: Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA





REGISTERED NUMBER: 11480705 (England and Wales)





ACCOUNTANTS: Tayabali Tomlin
Chartered Accountants
Kenton House
Oxford Street
Moreton-in-Marsh
Gloucestershire
GL56 0LA

The Tapestry Agency Limited (Registered number: 11480705)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 94,248 55,664
Tangible assets 5 3,541 6,565
97,789 62,229

CURRENT ASSETS
Debtors 6 148,973 128,623
Cash at bank 137,113 120,875
286,086 249,498
CREDITORS
Amounts falling due within one year 7 183,884 90,756
NET CURRENT ASSETS 102,202 158,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,991

220,971

CREDITORS
Amounts falling due after more than one
year

8

(15,570

)

(60,095

)

PROVISIONS FOR LIABILITIES (11,271 ) -
NET ASSETS 173,150 160,876

The Tapestry Agency Limited (Registered number: 11480705)

Balance Sheet - continued
31 July 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9,656 9,656
Share premium 23,469 23,469
Capital redemption reserve 1,875 1,875
Retained earnings 138,150 125,876
173,150 160,876

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 9 October 2024 and were signed on its behalf by:





R H Colquhoun - Director


The Tapestry Agency Limited (Registered number: 11480705)

Notes to the Financial Statements
for the year ended 31 July 2024


1. STATUTORY INFORMATION

The Tapestry Agency 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 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.


The Tapestry Agency Limited (Registered number: 11480705)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023 57,080
Additions 50,000
At 31 July 2024 107,080
AMORTISATION
At 1 August 2023 1,416
Charge for year 11,416
At 31 July 2024 12,832
NET BOOK VALUE
At 31 July 2024 94,248
At 31 July 2023 55,664

The Tapestry Agency Limited (Registered number: 11480705)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 5,095 55,927 61,022
Additions 289 106 395
At 31 July 2024 5,384 56,033 61,417
DEPRECIATION
At 1 August 2023 2,011 52,446 54,457
Charge for year 844 2,575 3,419
At 31 July 2024 2,855 55,021 57,876
NET BOOK VALUE
At 31 July 2024 2,529 1,012 3,541
At 31 July 2023 3,084 3,481 6,565

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,614 101,462
Other debtors 29,359 27,161
148,973 128,623

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,675 37,464
Trade creditors 19,294 22,297
Taxation and social security 100,342 13,832
Other creditors 20,573 17,163
183,884 90,756

The Tapestry Agency Limited (Registered number: 11480705)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 15,570 60,095

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 59,245 97,559

The loan provided by The Co-Operative Bank PLC is secured by a debenture on the company and a fixed and floating charge over company assets.

10. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year are director's loan accounts in the sum of £1,374 (2023: £4,069). The accounts are unsecured, interest free and carry no fixed date of repayment.

During the year the company was recharged expenses totalling £7,500 (2023: £30,324) from companies in which directors have interests. The balance outstanding at the year end was £6,519 (2023: £6,519). In the opinion of the directors all transactions were carried out on an arm's length basis.