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REGISTERED NUMBER: 09417824 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

TLC Home Group Ltd

TLC Home Group Ltd (Registered number: 09417824)






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

Chartered Certified Accountants' Report 7

TLC Home Group Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: L Draycott





SECRETARY:





REGISTERED OFFICE: Unit 14 Peartree Business Centre
Peartree Road
Stanway
Colchester
Essex
CO3 0JN





REGISTERED NUMBER: 09417824 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

TLC Home Group Ltd (Registered number: 09417824)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 135,468 119,578

CURRENT ASSETS
Stocks 95,000 -
Debtors 5 104,524 143,055
Cash at bank and in hand 46,643 245,618
246,167 388,673
CREDITORS
Amounts falling due within one year 6 64,615 132,845
NET CURRENT ASSETS 181,552 255,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,020

375,406

CREDITORS
Amounts falling due after more than one
year

7

(79,048

)

(60,205

)

PROVISIONS FOR LIABILITIES (25,815 ) (22,777 )
NET ASSETS 212,157 292,424

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 212,057 292,324
SHAREHOLDERS' FUNDS 212,157 292,424

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 director acknowledges his 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.

TLC Home Group Ltd (Registered number: 09417824)

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 director and authorised for issue on 8 April 2024 and were signed by:





L Draycott - Director


TLC Home Group Ltd (Registered number: 09417824)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

TLC Home Group Ltd 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

TLC Home Group Ltd (Registered number: 09417824)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 49,507 5,350 152,840 14,969 222,666
Additions 6,181 1,100 44,375 3,339 54,995
At 29 February 2024 55,688 6,450 197,215 18,308 277,661
DEPRECIATION
At 1 March 2023 17,409 3,076 71,758 10,845 103,088
Charge for year 5,742 506 31,364 1,493 39,105
At 29 February 2024 23,151 3,582 103,122 12,338 142,193
NET BOOK VALUE
At 29 February 2024 32,537 2,868 94,093 5,970 135,468
At 28 February 2023 32,098 2,274 81,082 4,124 119,578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 71,635 143,055
Other debtors 32,889 -
104,524 143,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 35,560 25,573
Taxation and social security 22,193 77,595
Other creditors 6,862 29,677
64,615 132,845

TLC Home Group Ltd (Registered number: 09417824)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 22,826 32,352
Hire purchase contracts 56,222 27,853
79,048 60,205

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,826 32,352

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
TLC Home Group Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TLC Home Group Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of TLC Home Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TLC Home Group Ltd and state those matters that we have agreed to state to the director of TLC Home Group Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that TLC Home Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TLC Home Group Ltd. You consider that TLC Home Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TLC Home Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


8 April 2024