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REGISTERED NUMBER: 02095124 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

A & M Tiling (Chelmsford) Limited

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & M Tiling (Chelmsford) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs M F Buck
M M Buck





SECRETARY: Mrs M F Buck





REGISTERED OFFICE: 168 Rainsford Road
Chelmsford
Essex
CM1 2PD





REGISTERED NUMBER: 02095124 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

Balance Sheet
31 January 2024

31.1.23 31.1.24
£    £    Notes £    £   
FIXED ASSETS
143,572 Tangible assets 4 119,375

CURRENT ASSETS
164,094 Stocks 162,000
172,977 Debtors 5 150,453
379,863 Cash at bank and in hand 162,874
716,934 475,327
CREDITORS
599,628 Amounts falling due within one year 6 405,738
117,306 NET CURRENT ASSETS 69,589
260,878 TOTAL ASSETS LESS CURRENT
LIABILITIES

188,964

CREDITORS
(64,014 ) Amounts falling due after more than one
year

7

(41,426

)

(21,833 ) PROVISIONS FOR LIABILITIES (18,141 )
175,031 NET ASSETS 129,397

CAPITAL AND RESERVES
100 Called up share capital 100
174,931 Retained earnings 129,297
175,031 SHAREHOLDERS' FUNDS 129,397

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

Balance Sheet - continued
31 January 2024


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 16 October 2024 and were signed on its behalf by:





M M Buck - Director


A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

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

1. STATUTORY INFORMATION

A & M Tiling (Chelmsford) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 205,050
Additions 9,500
At 31 January 2024 214,550
DEPRECIATION
At 1 February 2023 61,478
Charge for year 33,697
At 31 January 2024 95,175
NET BOOK VALUE
At 31 January 2024 119,375
At 31 January 2023 143,572

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 77,595
DEPRECIATION
At 1 February 2023 16,157
Charge for year 15,359
At 31 January 2024 31,516
NET BOOK VALUE
At 31 January 2024 46,079
At 31 January 2023 61,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 141,904 171,170
Other debtors 8,549 1,807
150,453 172,977

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 13,209 19,602
Hire purchase contracts 12,699 12,699
Trade creditors 292,612 428,227
Taxation and social security 74,831 97,923
Other creditors 12,387 41,177
405,738 599,628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 13,911 23,800
Hire purchase contracts 27,515 40,214
41,426 64,014

A & M Tiling (Chelmsford) Limited (Registered number: 02095124)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdrafts 2,009 8,402
Hire purchase contracts 40,214 52,913
42,223 61,315

The bank overdraft and loan are secured by a fixed and floating charge over the Company's assets.

9. POST BALANCE SHEET EVENTS

There were no post balance sheet events that require being brought to the attention of the shareholders or creditors.