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The Blue Tile Company Limited
Registered Number:03206259
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2024
The Blue Tile Company Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
03206259
As at 30 September 2024
The Blue Tile Company Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
461,558
414,769
2
461,558
414,769
Current assets
Inventories
73,735
75,712
3
Trade and other receivables
100,572
106,717
4
65,051
Cash and cash equivalents
75,067
257,496
239,358
Trade and other payables: amounts falling due within one
year
(219,546)
(207,561)
5
19,812
49,935
Net current assets
Total assets less current liabilities
511,493
434,581
Trade and other payables: amounts falling due after more
than one year
(5,000)
(26,927)
6
484,566
Net assets
429,581
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
483,566
428,581
484,566
429,581
Shareholders' funds
For the year ended 30 September 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 of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R B Thomas Director
These financial statements were approved and authorised for issue by the Board on 14 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2024
The Blue Tile Company Limited
Notes to the Financial Statements
Statutory Information
The Blue Tile Company Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 03206259.
Registered address:
5 The Venture Centre
Yeoford Way
Marsh Barton
Exeter
EX2 8LP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents sales at invoice value less trade discounts and excluding value added tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
02% Straight line
10% and 20% Straight line
Computer equipment
12.5% Straight line
Motor vehicles
12.5% and 20% Straight line
Equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost represents the purchase invoice price.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 30 September 2024
The Blue Tile Company Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Equipment
Motor vehicles
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 October 2023
565,636
17,169
34,890
24,490
489,087
68,824
2,000
4,544
62,280
-
Additions
At 30 September 2024
86,770
39,434
19,169
634,460
489,087
Provision for depreciation and impairment
At 01 October 2023
150,867
5,357
15,080
8,680
121,750
Charge for year
22,035
3,834
5,535
5,884
6,782
At 30 September 2024
172,902
9,191
20,615
14,564
128,532
At 30 September 2024
Net book value
360,555
72,206
18,819
9,978
461,558
At 30 September 2023
367,337
15,810
19,810
11,812
414,769
Included in the total net book value of Motor Vehicles was £59,456 in respect of assets held under hire purchase
agreements.
3. Inventories
2023
2024
£
£
Stocks
75,712
73,735
4. Trade and other receivables
2023
2024
£
£
Trade debtors
84,376
78,853
Amounts owed by group undertakings and participating interests
16,844
-
Other debtors
5,497
21,719
100,572
106,717
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6
For the year ended 30 September 2024
The Blue Tile Company Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
887
Bank loans and overdraft
7,250
-
Trade creditors
74,962
95,956
Taxation and social security
21,217
17,703
Other creditors
104,132
105,000
207,561
219,546
Included within taxation and social security is corporation tax of £4,503 (2023: £4,372).
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
26,927
5,000
The bank holds a debenture and a legal charge over the company's assets. Finance agreements totalling £36,899 are secured against the assets to which they relate.
7. Related party transactions
A dividend of £11,000 was paid in the year.
The immediate and ultimate parent company is Devon Bathroom Centre Limited.
The company is registered and incorporated in England.
Condolidated accounts are not produced.
The company has taken advantage of the exemption in FRS 8 "Related Party Disclosures" from disclosing
transactions with other members of the group.
8. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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