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Registered number: 11847511
Tivoli Dry Cleaning Limited
Financial Statements
For The Year Ended 29 February 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11847511
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 12,527 19,165
12,527 19,165
CURRENT ASSETS
Debtors 4 23,426 9,517
Cash at bank and in hand - 5,214
23,426 14,731
Creditors: Amounts Falling Due Within One Year 5 (23,040 ) (12,540 )
NET CURRENT ASSETS (LIABILITIES) 386 2,191
TOTAL ASSETS LESS CURRENT LIABILITIES 12,913 21,356
Creditors: Amounts Falling Due After More Than One Year 6 (8,402 ) (8,048 )
NET ASSETS 4,511 13,308
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 4,510 13,307
SHAREHOLDERS' FUNDS 4,511 13,308
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs G E Greenaway
Director
28 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 11 years
Plant & Machinery 5 years
Motor Vehicles 3 years
Fixtures & Fittings 3 years
1.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 3)
2 3
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3. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 15,592 21,605 4,100 1,000 42,297
As at 29 February 2024 15,592 21,605 4,100 1,000 42,297
Depreciation
As at 1 March 2023 5,669 14,163 2,300 1,000 23,132
Provided during the period 1,417 4,321 900 - 6,638
As at 29 February 2024 7,086 18,484 3,200 1,000 29,770
Net Book Value
As at 29 February 2024 8,506 3,121 900 - 12,527
As at 1 March 2023 9,923 7,442 1,800 - 19,165
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 23,426 9,283
Other taxes and social security - 234
23,426 9,517
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 13,031 3,942
Corporation tax 8,209 6,688
Other creditors - 230
Accruals and deferred income 1,800 1,680
23,040 12,540
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,402 8,048
8,402 8,048
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. General Information
Tivoli Dry Cleaning Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11847511 . The registered office is Westbury Coury Church Road, Westbury-On-Trym, Bristol, BS9 3EF.
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