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REGISTERED NUMBER: 11758771 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

TINY TIM'S COMPANY LIMITED

TINY TIM'S COMPANY LIMITED (REGISTERED NUMBER: 11758771)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TINY TIM'S COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mrs K Skibin
W Skibin





REGISTERED OFFICE: 2 Westfield
Blean
Canterbury
Kent
CT2 9ER





REGISTERED NUMBER: 11758771 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

TINY TIM'S COMPANY LIMITED (REGISTERED NUMBER: 11758771)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 120,062 144,075
Tangible assets 6 15,870 18,151
135,932 162,226

CURRENT ASSETS
Stocks 3,800 2,650
Debtors 7 34,631 29,807
Cash at bank and in hand 7,270 1,950
45,701 34,407
CREDITORS
Amounts falling due within one year 8 198,675 186,585
NET CURRENT LIABILITIES (152,974 ) (152,178 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,042

)

10,048

CREDITORS
Amounts falling due after more than one
year

9

13,334

56,655
NET LIABILITIES (30,376 ) (46,607 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (30,476 ) (46,707 )
SHAREHOLDERS' FUNDS (30,376 ) (46,607 )

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

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

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 30th October 2024 and were signed on its behalf by:





W Skibin - Director


TINY TIM'S COMPANY LIMITED (REGISTERED NUMBER: 11758771)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Tiny Tim's Company 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - straight line over 10 years
Plant and machinery etc - 33% on a straight line basis and 25% 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.

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.

TINY TIM'S COMPANY LIMITED (REGISTERED NUMBER: 11758771)

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

3. ACCOUNTING POLICIES - continued

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.

Going concern
The Directors have prepared the accounts on the going concern basis, as a result of pledging their own support to the business and also having further finance available if required.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 240,125
AMORTISATION
At 1st February 2023 96,050
Charge for year 24,013
At 31st January 2024 120,063
NET BOOK VALUE
At 31st January 2024 120,062
At 31st January 2023 144,075

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st February 2023 19,875 16,422 2,348
Additions - 900 -
At 31st January 2024 19,875 17,322 2,348
DEPRECIATION
At 1st February 2023 7,950 11,226 1,605
Charge for year 1,988 1,599 186
At 31st January 2024 9,938 12,825 1,791
NET BOOK VALUE
At 31st January 2024 9,937 4,497 557
At 31st January 2023 11,925 5,196 743

TINY TIM'S COMPANY LIMITED (REGISTERED NUMBER: 11758771)

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

6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st February 2023 - 3,982 42,627
Additions 1,400 - 2,300
At 31st January 2024 1,400 3,982 44,927
DEPRECIATION
At 1st February 2023 - 3,695 24,476
Charge for year 583 225 4,581
At 31st January 2024 583 3,920 29,057
NET BOOK VALUE
At 31st January 2024 817 62 15,870
At 31st January 2023 - 287 18,151

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,549 1,152
Other debtors 28,082 28,655
34,631 29,807

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 72,285 74,633
Taxation and social security 61,058 48,037
Other creditors 65,332 63,915
198,675 186,585

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,334 56,655

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 85,619 131,288

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100