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White Horse Tiling Ltd
Filleted accounts
30 November 2024
Company registration number: 14479027
White Horse Tiling Ltd
Directors and other information
Directors N Beck Lourenco
R Gentilin
Company number 14479027
Registered office 89 Falcon Drive
Didcot
Oxfordshire
OX11 6HT
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
White Horse Tiling Ltd
Balance sheet
30th November 2024
30/11/24 30/11/23
Note £ £ £ £
Fixed assets
Tangible assets 5 18,333 -
_______ _______
18,333 -
Current assets
Debtors 6 56,477 24,090
Cash at bank and in hand 1,380 795
_______ _______
57,857 24,885
Creditors: amounts falling due
within one year 7 ( 39,360) ( 24,038)
_______ _______
Net current assets 18,497 847
_______ _______
Total assets less current liabilities 36,830 847
Creditors: amounts falling due
after more than one year 8 ( 8,809) -
_______ _______
Net assets 28,021 847
_______ _______
Capital and reserves
Called up share capital 9 100 100
Profit and loss account 27,921 747
_______ _______
Shareholders funds 28,021 847
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
N Beck Lourenco
Director
Company registration number: 14479027
White Horse Tiling Ltd
Notes to the financial statements
Year ended 30th November 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 89 Falcon Drive, Didcot, Oxfordshire, OX11 6HT. There was no significant change in the company's principal activity during the year which continued to be floor and wall tiling.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity .
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not recognised in respect of any timing differences at the reporting date as all are insignificant. Unrelieved tax losses and other deferred tax assets are not recognised as it is uncertain when they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any Tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1st December 2023 - -
Additions 20,000 20,000
_______ _______
At 30th November 2024 20,000 20,000
_______ _______
Depreciation
At 1st December 2023 - -
Charge for the year 1,667 1,667
_______ _______
At 30th November 2024 1,667 1,667
_______ _______
Carrying amount
At 30th November 2024 18,333 18,333
_______ _______
At 30th November 2023 - -
_______ _______
6. Debtors
30/11/24 30/11/23
£ £
Trade debtors 6,115 -
Other debtors 50,362 24,090
_______ _______
56,477 24,090
_______ _______
7. Creditors: amounts falling due within one year
30/11/24 30/11/23
£ £
Bank loans and overdrafts 3,889 -
Trade creditors 1,950 -
Corporation tax 22,927 20,114
Other creditors 10,594 3,924
_______ _______
39,360 24,038
_______ _______
8. Creditors: amounts falling due after more than one year
30/11/24 30/11/23
£ £
Bank loans and overdrafts 8,809 -
_______ _______
9. Called up share capital
Issued, called up and fully paid
30/11/24 30/11/23
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______