| The Blue Tile Company Limited |
| Registered Number:03206259 |
For the year ended 30 September 2024
England and Wales
Unaudited Financial Statements
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
The Blue Tile Company Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
461,558
414,769
2
461,558
414,769
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
1,000
1,000
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. |
| 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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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. |
5 The Venture Centre
Yeoford Way
Marsh Barton
Exeter
EX2 8LP
| The presentation currency is £ sterling. |
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
| 10% and 20% Straight line |
Computer equipment
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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For the year ended 30 September 2024
The Blue Tile Company Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Equipment
Motor vehicles
565,636
17,169
34,890
24,490
489,087
68,824
2,000
4,544
62,280
-
86,770
39,434
19,169
634,460
489,087
| Provision for depreciation and impairment |
150,867
5,357
15,080
8,680
121,750
Charge for year
22,035
3,834
5,535
5,884
6,782
172,902
9,191
20,615
14,564
128,532
360,555
72,206
18,819
9,978
461,558
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. |
2023
2024
75,712
73,735
| 4. Trade and other receivables |
2023
2024
84,376
78,853
| Amounts owed by group undertakings and participating interests |
16,844
-
5,497
21,719
100,572
106,717
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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
7,250
-
74,962
95,956
| Taxation and social security |
21,217
17,703
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
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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