Registered number
08510981
Touch of Class (Domestic) Ltd
Filleted Accounts
30 April 2024
Touch of Class (Domestic) Ltd
Registered number: 08510981
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,040 10,720
Current assets
Stocks 4,674 3,687
Debtors 4 30,523 27,865
Cash at bank and in hand 9,125 10,904
44,322 42,456
Creditors: amounts falling due within one year 5 (13,190) (14,358)
Net current assets 31,132 28,098
Total assets less current liabilities 39,172 38,818
Creditors: amounts falling due after more than one year 6 - (1,144)
Provisions for liabilities (1,528) (2,037)
Net assets 37,644 35,637
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,544 35,537
Shareholders' funds 37,644 35,637
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Beata Wyniczenko
Director
Approved by the board on 16 January 2025
Touch of Class (Domestic) Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks & Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is measured at the higher of cost and estimated selling price less costs to complete and sell.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 16,080
At 30 April 2024 16,080
Depreciation
At 1 May 2023 5,360
Charge for the year 2,680
At 30 April 2024 8,040
Net book value
At 30 April 2024 8,040
At 30 April 2023 10,720
4 Debtors 2024 2023
£ £
Trade debtors 27,972 26,296
Other debtors 2,551 1,569
30,523 27,865
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 1,653 1,896
Trade creditors 1,743 9,505
Taxation and social security costs (678) (7)
Other creditors 10,472 2,964
13,190 14,358
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 1,144
7 Other information
Touch of Class (Domestic) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20 Wood End Road
Harrow
Middx
HA1 3PP
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