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REGISTERED NUMBER: 03566018 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TILES OF STOW LIMITED

TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TILES OF STOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr G S John
Ms O D Wells





SECRETARY: Ms O D Wells





REGISTERED OFFICE: Unit 24 Langston Priory Workshops
Station Road
Kingham
CHIPPING NORTON
Oxfordshire
OX7 6UP





REGISTERED NUMBER: 03566018 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,750 7,500
Tangible assets 5 2,874 3,338
6,624 10,838

CURRENT ASSETS
Stocks 2,496 2,828
Debtors 6 1,766 4,119
Cash at bank 45,748 62,524
50,010 69,471
CREDITORS
Amounts falling due within one year 7 54,715 69,482
NET CURRENT LIABILITIES (4,705 ) (11 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,919

10,827

PROVISIONS FOR LIABILITIES 8 546 634
NET ASSETS 1,373 10,193

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,371 10,191
SHAREHOLDERS' FUNDS 1,373 10,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)

BALANCE SHEET - continued
29 FEBRUARY 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 20 November 2024 and were signed on its behalf by:





Ms O D Wells - Director


TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Tiles of Stow 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 75,000
AMORTISATION
At 1 March 2023 67,500
Charge for year 3,750
At 29 February 2024 71,250
NET BOOK VALUE
At 29 February 2024 3,750
At 28 February 2023 7,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 11,010 6,053 9,515 26,578
Additions - - 353 353
At 29 February 2024 11,010 6,053 9,868 26,931
DEPRECIATION
At 1 March 2023 7,877 5,880 9,483 23,240
Charge for year 626 43 148 817
At 29 February 2024 8,503 5,923 9,631 24,057
NET BOOK VALUE
At 29 February 2024 2,507 130 237 2,874
At 28 February 2023 3,133 173 32 3,338

TILES OF STOW LIMITED (REGISTERED NUMBER: 03566018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 476 2,817
Prepayments 1,290 1,302
1,766 4,119

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 5,931 1,281
Tax 776 6,060
VAT 1,346 1,224
Other creditors 443 1,134
Directors' current accounts 41,114 54,224
Deferred income 2,209 3,110
Accrued expenses 2,896 2,449
54,715 69,482

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax
Accelerated capital allowances 546 634

Deferred
tax
£   
Balance at 1 March 2023 634
Provided during year (88 )
Balance at 29 February 2024 546

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

10. CONTROL RELATIONSHIPS

The ultimate controlling parties are Mr G S John and Ms O D Wells