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Registered number: 02246969
Tumi Limited
Financial Statements
For The Year Ended 31 August 2024
Davey Accounting Services
11 Abrahams Close
Trowbridge
Wiltshire
BA14 0ND
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02246969
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,044 1,392
1,044 1,392
CURRENT ASSETS
Stocks 5 1,000 2,000
Debtors 6 36,781 34,916
Cash at bank and in hand 757 1,754
38,538 38,670
Creditors: Amounts Falling Due Within One Year 7 (778 ) (749 )
NET CURRENT ASSETS (LIABILITIES) 37,760 37,921
TOTAL ASSETS LESS CURRENT LIABILITIES 38,804 39,313
NET ASSETS 38,804 39,313
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 38,802 39,311
SHAREHOLDERS' FUNDS 38,804 39,313
Page 1
Page 2
For the year ending 31 August 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 his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammad Fini
Director
27th June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tumi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02246969 . The registered office is Mill Cottage, St. Catherine, Bath, BA1 8EU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover respresents net invoiced sales of goods, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 3,300 3,811 7,111
As at 31 August 2024 3,300 3,811 7,111
Depreciation
As at 1 September 2023 1,908 3,811 5,719
Provided during the period 348 - 348
As at 31 August 2024 2,256 3,811 6,067
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 August 2024 1,044 - 1,044
As at 1 September 2023 1,392 - 1,392
5. Stocks
2024 2023
£ £
Stock 1,000 2,000
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 36,781 34,916
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 328 299
Accruals and deferred income 450 450
778 749
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company is controlled by Tumi (Crafts) Limited. In the opinion of the director, this is the company's ultimate parent company. Tumi (Crafts) Limited is ultimately controlled by the director Mr M Fini.
Page 4