REGISTERED NUMBER: 03566018 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TILES OF STOW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G S John

Ms O D Wells

SECRETARY:

Ms O D Wells

REGISTERED OFFICE:

Unit 24 Langston Priory Workshops

Station Road

Kingham

CHIPPING NORTON

Oxfordshire

OX7 6UP

REGISTERED NUMBER:

03566018 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

-

3,750

Tangible assets

5

2,223

2,874

2,223

6,624

CURRENT ASSETS

Stocks

1,704

2,496

Debtors

6

3,722

1,766

Cash at bank

27,874

45,748

33,300

50,010

CREDITORS

Amounts falling due within one year

7

35,098

54,715

NET CURRENT LIABILITIES

(1,798

)

(4,705

)

TOTAL ASSETS LESS CURRENT LIABILITIES

425

1,919

PROVISIONS FOR LIABILITIES

8

422

546

NET ASSETS

3

1,373

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

1

1,371

SHAREHOLDERS' FUNDS

3

1,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Ms O D Wells - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 assessments in periods different from those in which they are 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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

75,000

AMORTISATION

At 1 March 2024

71,250

Charge for year

3,750

At 28 February 2025

75,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

3,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

11,010

6,053

9,868

26,931

DEPRECIATION

At 1 March 2024

8,503

5,923

9,631

24,057

Charge for year

502

32

117

651

At 28 February 2025

9,005

5,955

9,748

24,708

NET BOOK VALUE

At 28 February 2025

2,005

98

120

2,223

At 29 February 2024

2,507

130

237

2,874

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

2,425

476

Prepayments

1,297

1,290

3,722

1,766

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

1,374

5,931

Tax

1,216

776

VAT

522

1,346

Other creditors

936

443

Directors' current accounts

24,650

41,114

Deferred income

2,267

2,209

Accrued expenses

4,133

2,896

35,098

54,715

8.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

Accelerated capital allowances

422

546

Deferred

tax

£

Balance at 1 March 2024

546

Provided during year

(124

)

Balance at 28 February 2025

422

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

2

Ordinary

£1

2

2

10.	CONTROL RELATIONSHIPS

The ultimate controlling parties are Mr G S John and Ms O D Wells