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REGISTERED NUMBER: 08075460 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

CONCEPT TILING SOLUTIONS NW LIMITED

CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CONCEPT TILING SOLUTIONS NW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: C Schietaert
S Smithson
Mrs R E Schietaert
Mrs G K Smithson





REGISTERED OFFICE: 18 Chester Road
The Beeches
Middlewich
Cheshire
CW10 9EU





REGISTERED NUMBER: 08075460 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)

BALANCE SHEET
31ST MAY 2024

31/5/24 31/5/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,079 17,969

CURRENT ASSETS
Stocks 45,097 48,775
Debtors 5 288,554 330,077
Cash at bank and in hand 92,220 61,066
425,871 439,918
CREDITORS
Amounts falling due within one year 6 (409,926 ) (323,565 )
NET CURRENT ASSETS 15,945 116,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,024

134,322

CREDITORS
Amounts falling due after more than one
year

7

(39,127

)

-

PROVISIONS FOR LIABILITIES (11,738 ) (3,594 )
NET ASSETS 16,159 130,728

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,059 130,628
SHAREHOLDERS' FUNDS 16,159 130,728

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

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

CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)

BALANCE SHEET - continued
31ST MAY 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 25th February 2025 and were signed on its behalf by:





S Smithson - Director


CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Concept Tiling Solutions NW 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 86,490
Additions 50,136
At 31st May 2024 136,626
DEPRECIATION
At 1st June 2023 68,521
Charge for year 17,026
At 31st May 2024 85,547
NET BOOK VALUE
At 31st May 2024 51,079
At 31st May 2023 17,969

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 50,136
At 31st May 2024 50,136
DEPRECIATION
Charge for year 12,534
At 31st May 2024 12,534
NET BOOK VALUE
At 31st May 2024 37,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 116,612 58,960
Other debtors 171,942 271,117
288,554 330,077

CONCEPT TILING SOLUTIONS NW LIMITED (REGISTERED NUMBER: 08075460)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Finance leases 6,009 -
Trade creditors 236,127 220,174
Taxation and social security 33,812 (291 )
Other creditors 133,978 103,682
409,926 323,565

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Finance leases 39,127 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

31/5/24 31/5/23
£    £   
S Smithson
Balance outstanding at start of year 90,187 81,474
Amounts advanced 49,551 90,187
Amounts repaid (90,187 ) (81,474 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,551 90,187

C Schietaert
Balance outstanding at start of year 130,930 64,809
Amounts advanced 77,757 130,930
Amounts repaid (130,930 ) (64,809 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,757 130,930