Company Registration No. 11810116 (England and Wales)
Tulips World Ltd
Unaudited accounts
for the year ended 30 July 2024
Tulips World Ltd
Unaudited accounts
Contents
Tulips World Ltd
Company Information
for the year ended 30 July 2024
Company Number
11810116 (England and Wales)
Tulips World Ltd
Statement of financial position
as at 30 July 2024
Intangible assets
4,343
5,296
Tangible assets
118,034
143,944
Cash at bank and in hand
52,738
37,429
Creditors: amounts falling due within one year
(40,877)
(79,666)
Net current assets
28,013
9,761
Total assets less current liabilities
150,390
159,001
Creditors: amounts falling due after more than one year
(198,333)
(203,652)
Net liabilities
(47,943)
(44,651)
Called up share capital
100
100
Profit and loss account
(48,043)
(44,751)
Shareholders' funds
(47,943)
(44,651)
For the year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Musarrat Tariq
Director
Company Registration No. 11810116
Tulips World Ltd
Notes to the Accounts
for the year ended 30 July 2024
Tulips World Ltd is a private company, limited by shares, registered in England and Wales, registration number 11810116.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
18% Reducing Balance
Motor vehicles
18% Reducing Balance
Fixtures & fittings
18% Reducing Balance
Computer equipment
18% Reducing Balance
Other tangible fixed assets
18% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Tulips World Ltd
Notes to the Accounts
for the year ended 30 July 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 31 July 2023
159,393
59,679
219,072
At 30 July 2024
159,393
59,679
219,072
At 31 July 2023
47,817
27,311
75,128
Charge for the year
20,084
5,826
25,910
At 30 July 2024
67,901
33,137
101,038
At 30 July 2024
91,492
26,542
118,034
At 30 July 2023
111,576
32,368
143,944
Amounts falling due within one year
Trade debtors
1,152
36,998
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,481
2,081
Other creditors
6,023
12,503
Loans from directors
-
7,333
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
198,333
200,000
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).