Weise Tiling Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06840813

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		37,828		1,687

			37,828		1,687
CURRENT ASSETS
Debtors	5	8,338		2,168
Cash at bank and in hand		-		1,141

		8,338		3,309
Creditors: Amounts Falling Due Within One Year	6	(23,367 )		(21,457 )

NET CURRENT ASSETS (LIABILITIES)			(15,029 )		(18,148 )

TOTAL ASSETS LESS CURRENT LIABILITIES			22,799		(16,461 )

Creditors: Amounts Falling Due After More Than One Year	7		(22,042 )		(6,811 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,944 )		-

NET LIABILITIES			(8,187 )		(23,272 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(8,188 )		(23,273 )

SHAREHOLDERS' FUNDS			(8,187)		(23,272)

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Weise Tiling Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 D Weise

Director

5th September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Weise Tiling Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06840813 . The registered office is 2 Windmill Way, Kirton in Lindsey, Gainsborough, Lincolnshire, DN21 4FE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

In October 2019, the main contractor on a major shopping centre refurbishment the company was working on went into receivership, leaving the company with unpaid work in excess of £60,000. During the intervening period the company has been hit by Coronavirus pandemic restrictions, but during this financial year these restrictions began to ease and the work undertaken has significantly increased.

With the continued support of the company's bank the director is confident that the company can continue to rebuild its financial position and the accounts have been prepared using the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Computer Equipment	33% straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Weise Tiling Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	4,500	2,973	7,473
Additions	35,186	2,064	37,250
Disposals	-	(2,156 )	(2,156 )

As at 31 March 2025	39,686	2,881	42,567

Depreciation
As at 1 April 2024	2,813	2,973	5,786
Provided during the period	422	687	1,109
Disposals	-	(2,156 )	(2,156 )

As at 31 March 2025	3,235	1,504	4,739

Net Book Value
As at 31 March 2025	36,451	1,377	37,828

As at 1 April 2024	1,687	-	1,687

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	375	-
Deferred tax current asset	-	84
VAT	7,963	2,084

	8,338	2,168

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,820	-
Bank loans and overdrafts	11,076	4,776
Corporation tax	3,046	10,822
Other taxes and social security	-	2,466
Employee Pensions	-	386
Accruals and deferred income	1,225	1,100
Director's loan account	1,200	1,907

	23,367	21,457

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Weise Tiling Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	21,293	-
Bank loans	749	6,811

	22,042	6,811

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,820	-
Later than one year and not later than five years	21,293	-

	28,113	-

	28,113	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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