Mark Kelly Tiling Limited 31/01/2025 iXBRL

Company registration number: 05964814

Mark Kelly Tiling Limited

Unaudited filleted financial statements

31 January 2025

Mark Kelly Tiling Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Mark Kelly Tiling Limited

Directors and other information


	Director	Mr Mark Kelly


	Company number	05964814


	Registered office	Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS


	Accountants	Murphy Collins Limited
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Mark Kelly Tiling Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Mark Kelly Tiling Limited

Year ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mark Kelly Tiling Limited for the year ended 31 January 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Mark Kelly Tiling Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Mark Kelly Tiling Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Kelly Tiling Limited and its director as a body for our work or for this report.

It is your duty to ensure that Mark Kelly Tiling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mark Kelly Tiling Limited. You consider that Mark Kelly Tiling Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mark Kelly Tiling Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Murphy Collins Limited

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

31 July 2025

Mark Kelly Tiling Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	2,109		2,439
		_______		_______
			2,109		2,439

Current assets
Debtors	7	11,162		17,560
Cash at bank and in hand		17,876		32,285
		_______		_______
		29,038		49,845
Creditors: amounts falling due
within one year	8	( 6,164)		( 12,894)
		_______		_______
Net current assets			22,874		36,951
			_______		_______
Total assets less current liabilities			24,983		39,390

Creditors: amounts falling due
after more than one year	9		( 4,667)		( 7,252)

Provisions for liabilities	10		( 400)		( 463)

			_______		_______
Net assets			19,916		31,675
			_______		_______

Capital and reserves
Called up share capital	12		100		100
Profit and loss account			19,816		31,575
			_______		_______
Shareholders funds			19,916		31,675
			_______		_______

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

Director's 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 director acknowledges 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 statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:

Mr Mark Kelly

Director

Company registration number: 05964814

Mark Kelly Tiling Limited

Statement of changes in equity

Year ended 31 January 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2023	100	19,465	19,565

Profit for the year		28,110	28,110
	_______	_______	_______
Total comprehensive income for the year	-	28,110	28,110

Dividends paid and payable		( 16,000)	( 16,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 16,000)	( 16,000)

	_______	_______	_______
At 31 January 2024 and 1 February 2024	100	31,575	31,675

Profit for the year		2,241	2,241
	_______	_______	_______
Total comprehensive income for the year	-	2,241	2,241

Dividends paid and payable		( 14,000)	( 14,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 14,000)	( 14,000)

	_______	_______	_______
At 31 January 2025	100	19,816	19,916
	_______	_______	_______

Mark Kelly Tiling Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, 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 recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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 or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	14,000	16,000
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024	3,563	17,000	20,563
Additions	523	-	523
	_______	_______	_______
At 31 January 2025	4,086	17,000	21,086
	_______	_______	_______
Depreciation
At 1 February 2024	2,826	15,298	18,124
Charge for the year	427	426	853
	_______	_______	_______
At 31 January 2025	3,253	15,724	18,977
	_______	_______	_______
Carrying amount
At 31 January 2025	833	1,276	2,109
	_______	_______	_______
At 31 January 2024	737	1,702	2,439
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	4,110	6,097
Other debtors	7,052	11,463
	_______	_______
	11,162	17,560
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,000	2,000
Trade creditors	282	155
Corporation tax	603	6,628
Other creditors	3,279	4,111
	_______	_______
	6,164	12,894
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,667	6,667
Other creditors	-	585
	_______	_______
	4,667	7,252
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 February 2024	463	463
Additions	( 63)	( 63)
	_______	_______
At 31 January 2025	400	400
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	400	463
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	400	463
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

13. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Kelly	( 56)	38,195	( 38,183)	( 44)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Kelly	( 5,814)	38,677	( 32,919)	( 56)
		_______	_______	_______	_______

14. Controlling party

Mr M Kelly controls the company