BB Tile Imports Limited

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

Registered number: 10685683

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		173		346

			173		346
CURRENT ASSETS
Debtors	5	13,086		8,765
Cash at bank and in hand		20,163		20,451

		33,249		29,216
Creditors: Amounts Falling Due Within One Year	6	(24,763 )		(17,902 )

NET CURRENT ASSETS (LIABILITIES)			8,486		11,314

TOTAL ASSETS LESS CURRENT LIABILITIES			8,659		11,660

Creditors: Amounts Falling Due After More Than One Year	7		(1,495 )		(4,494 )

NET ASSETS			7,164		7,166

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			7,064		7,066

SHAREHOLDERS' FUNDS			7,164		7,166

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BB Tile Imports 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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 W H Blundred

Director

14 September 2025

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

1. General Information

BB Tile Imports Limited is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Commission on sale of goods

Commission on the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributeable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Computer Equipment

Straight line over 3 years

2.4. Foreign Currencies

Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the function currency and the foreign currency at the date of the transaction.

Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.

2.5. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assesments in periods different from those in which they aare recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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BB Tile Imports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.7. Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2024	669

As at 31 March 2025	669

Depreciation
As at 1 April 2024	323
Provided during the period	173

As at 31 March 2025	496

Net Book Value
As at 31 March 2025	173

As at 1 April 2024	346

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	12,998	8,765
Prepayments and accrued income	88	-

	13,086	8,765

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,005	3,006
Corporation tax	17,675	11,531
Other creditors	1,202	794
Accruals and deferred income	2,196	2,089
Directors' loan accounts	685	482

	24,763	17,902

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BB Tile Imports 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
	£	£
Bank loans	1,495	4,494

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 100.00 each	100	100

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