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REGISTERED NUMBER: 06067216 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TOUCH OF CLASS LIMITED

TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOUCH OF CLASS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr M L Tekinbas





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 06067216 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,433 18,375

CURRENT ASSETS
Debtors 5 559,063 570,595
Cash at bank and in hand 2,656 1,545
561,719 572,140
CREDITORS
Amounts falling due within one year 6 17,807 15,212
NET CURRENT ASSETS 543,912 556,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

548,345

575,303

CREDITORS
Amounts falling due after more than one
year

7

(17,813

)

(28,333

)

PROVISIONS FOR LIABILITIES 8 (3,491 ) (3,491 )
NET ASSETS 527,041 543,479

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 527,040 543,478
SHAREHOLDERS' FUNDS 527,041 543,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr M L Tekinbas - Director


TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Touch of Class 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 107,179 39,968 147,147
Disposals (107,179 ) - (107,179 )
At 31 January 2024 - 39,968 39,968
DEPRECIATION
At 1 February 2023 94,019 34,753 128,772
Charge for year - 782 782
Eliminated on disposal (94,019 ) - (94,019 )
At 31 January 2024 - 35,535 35,535
NET BOOK VALUE
At 31 January 2024 - 4,433 4,433
At 31 January 2023 13,160 5,215 18,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts due from related co 558,489 569,989
Credit card 574 606
559,063 570,595

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,879 10,000
Corporation tax payable - 3,828
Directors' current accounts 6,208 184
Accrued expenses 720 1,200
17,807 15,212

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,879 10,000
Bank loans - 2-5 years 6,934 18,333
17,813 28,333

TOUCH OF CLASS LIMITED (REGISTERED NUMBER: 06067216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 3,491 3,491

Deferred
tax
£   
Balance at 1 February 2023 3,491
Balance at 31 January 2024 3,491

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary £1 1 1