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REGISTERED NUMBER: 01356000 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Tiles (UK) Limited

Tiles (UK) Limited (Registered number: 01356000)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tiles (UK) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss A Bold
Mr I Kershaw
Mr D Sowden
Mrs L Singleton





SECRETARY: Miss A Bold





REGISTERED OFFICE: 1-13 Montford Street
Salford
Manchester
M50 2XD





REGISTERED NUMBER: 01356000 (England and Wales)





ACCOUNTANTS: Stephen Round Limited
Chartered Certified Accountants
366 Holcombe Road
Greenmount
Bury
Lancashire
BL8 4DT

Tiles (UK) Limited (Registered number: 01356000)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 579,202 627,890
Investments 5 11 11
579,213 627,901

CURRENT ASSETS
Stocks 726,539 826,409
Debtors 6 999,299 948,765
1,725,838 1,775,174
CREDITORS
Amounts falling due within one year 7 953,312 966,323
NET CURRENT ASSETS 772,526 808,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,351,739

1,436,752

CREDITORS
Amounts falling due after more than one
year

8

(256,369

)

(310,425

)

PROVISIONS FOR LIABILITIES (5,250 ) (5,250 )
NET ASSETS 1,090,120 1,121,077

CAPITAL AND RESERVES
Called up share capital 50,002 50,002
Share premium 36 36
Other reserves (144,048 ) (144,048 )
Retained earnings 1,184,130 1,215,087
SHAREHOLDERS' FUNDS 1,090,120 1,121,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 (UK) Limited (Registered number: 01356000)

Balance Sheet - continued
30 April 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 30 October 2024 and were signed on its behalf by:





Mr I Kershaw - Director


Tiles (UK) Limited (Registered number: 01356000)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Tiles (UK) 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

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.

Tiles (UK) Limited (Registered number: 01356000)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,356,487 1,379,455 2,735,942
DEPRECIATION
At 1 May 2023 786,531 1,321,521 2,108,052
Charge for year 23,570 25,118 48,688
At 30 April 2024 810,101 1,346,639 2,156,740
NET BOOK VALUE
At 30 April 2024 546,386 32,816 579,202
At 30 April 2023 569,956 57,934 627,890

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 11
NET BOOK VALUE
At 30 April 2024 11
At 30 April 2023 11

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 319,268 270,930
Other debtors 680,031 677,835
999,299 948,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 256,755 232,082
Trade creditors 531,922 559,659
Taxation and social security 118,329 134,526
Other creditors 46,306 40,056
953,312 966,323

Tiles (UK) Limited (Registered number: 01356000)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 256,369 310,425

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 28,050

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr I Kershaw
Balance outstanding at start of year 296,850 294,708
Amounts advanced - 2,142
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 296,850 296,850

Miss A Bold
Balance outstanding at start of year 223,550 223,550
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 223,550 223,550

10. ULTIMATE CONTROLLING PARTY

The company is under the control of AM Bold by virtue of her 75% of the voting shares in the company.