Company Registration No. 10630815 (England and Wales)
Tiling Solutions London Ltd
Unaudited accounts
for the year ended 29 February 2024
Tiling Solutions London Ltd
Unaudited accounts
Contents
Tiling Solutions London Ltd
Company Information
for the year ended 29 February 2024
Director
ROSEN PETKOV BOYANOV
Company Number
10630815 (England and Wales)
Registered Office
74 Harold Road
London
E4 9SW
England
Tiling Solutions London Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
2,986
3,981
Cash at bank and in hand
2,967
16,456
Creditors: amounts falling due within one year
(6,168)
(9,113)
Net current assets
3,192
12,574
Total assets less current liabilities
6,178
16,555
Creditors: amounts falling due after more than one year
(7,333)
(11,733)
Net (liabilities)/assets
(1,155)
4,822
Called up share capital
100
100
Profit and loss account
(1,255)
4,722
Shareholders' funds
(1,155)
4,822
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
ROSEN PETKOV BOYANOV
Director
Company Registration No. 10630815
Tiling Solutions London Ltd
Notes to the Accounts
for the year ended 29 February 2024
Tiling Solutions London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10630815. The registered office is 74 Harold Road, London, E4 9SW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reduced
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tiling Solutions London Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles
At 29 February 2024
16,778
At 29 February 2024
13,792
Amounts falling due within one year
Accrued income and prepayments
872
3,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,400
4,400
Other creditors
1,048
2,000
Loans from directors
-
2,182
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).