Registered number
08880360
Pro Tiling Ltd
Filleted Accounts
for the year ended 29 February 2024
Pro Tiling Ltd
Registered number: 08880360
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 71,295 11,387
Current assets
Debtors 4 220,136 3,603
Cash at bank and in hand 190,851 327,216
410,987 330,819
Creditors: amounts falling due within one year 5 (229,002) (149,168)
Net current assets 181,985 181,651
Net assets 253,280 193,038
Capital and reserves
Called up share capital 4 4
Profit and loss account 253,276 193,034
Shareholder's funds 253,280 193,038
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Donatas Bandzevicius
Director
Approved by the board on 5 November 2024
Pro Tiling Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 building services. Turnover from the rendering of building 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Plant and machinery 20% reducing balances
Fixtures, fittings, tools and equipment 20% reducing balances
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 - 23,827 13,490 37,317
Additions 62,360 - - 62,360
At 29 February 2024 62,360 23,827 13,490 99,677
Depreciation
At 1 March 2023 - 15,976 9,954 25,930
Charge for the year - 1,570 882 2,452
At 29 February 2024 - 17,546 10,836 28,382
Net book value
At 29 February 2024 62,360 6,281 2,654 71,295
At 28 February 2023 - 7,851 3,536 11,387
4 Debtors 2024 2023
£ £
Trade debtors - 3,603
Other debtors 220,136 -
220,136 3,603
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,142 2,392
Trade creditors 11,040 7,720
Taxation and social security costs 61,713 60,561
Other creditors 153,107 78,495
229,002 149,168
6 Other information
Pro Tiling Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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