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Registration number: 11513542

Persona Tile Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Persona Tile Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Persona Tile Limited

Company Information

Directors

Paul Crookell

Lee Anthony Isherwood

Thomas Lee Davies

Registered office

Suite 1b 22 Lever Street,
Manchester,
United Kingdom
M1 1EA

Accountants

Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South Poynton
Stockport
Cheshire
SK12 1LQ

 

Persona Tile Limited

(Registration number: 11513542)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

16,824

16,623

Current assets

 

Debtors

5

205,280

179,026

Cash at bank and in hand

 

28,603

103,506

 

233,883

282,532

Creditors: Amounts falling due within one year

6

(147,610)

(154,659)

Net current assets

 

86,273

127,873

Total assets less current liabilities

 

103,097

144,496

Creditors: Amounts falling due after more than one year

6

(6,749)

(15,750)

Provisions for liabilities

(4,206)

(4,156)

Net assets

 

92,142

124,590

Capital and reserves

 

Called up share capital

100

100

Retained earnings

92,042

124,490

Shareholders' funds

 

92,142

124,590

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 December 2024 and signed on its behalf by:
 

.........................................
Lee Anthony Isherwood
Director

 

Persona Tile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements were authorised for issue by the Board on 17 December 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Asset class

Depreciation method and rate

Plant and Machinery etc

33% on cost and 25% on reducing balance

 

Persona Tile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any any accumulated amortisation any any accumulated impariment losses.

Fixed Asset Investments is being amortised evenly over its estimated useful life of twenty years.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 14).

 

Persona Tile Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Total
£

Cost or valuation

At 1 September 2023

36,605

Additions

8,210

At 31 August 2024

44,815

Depreciation

At 1 September 2023

19,982

Charge for the year

8,009

At 31 August 2024

27,991

Carrying amount

At 31 August 2024

16,824

At 31 August 2023

16,623

5

Debtors

Current

2024
£

2023
£

Trade debtors

203,289

177,149

Other debtors

1,991

1,877

 

205,280

179,026

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9,000

9,000

Taxation and social security

 

107,826

138,722

Other creditors

 

30,784

6,937

 

147,610

154,659

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6,749

15,750