The Tileportfolio Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13033923

THE TILEPORTFOLIO LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

THE TILEPORTFOLIO LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		9,745		10,638

CURRENT ASSETS

Stocks		18,146	23,239
Debtors	6	2,023	1,225
Cash at bank and in hand		33,112	23,926
		--------	--------
		53,281	48,390

CREDITORS: amounts falling due within one year	7	89,473		93,661
		--------		--------
NET CURRENT LIABILITIES			36,192		45,271
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 26,447)		( 34,633)
			--------		--------
NET LIABILITIES			( 26,447)		( 34,633)
			--------		--------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	( 26,547)	( 34,733)
	--------	--------
SHAREHOLDERS DEFICIT	( 26,447)	( 34,633)
	--------	--------

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 income and retained earnings has not been delivered.

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.

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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE TILEPORTFOLIO LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , and are signed on behalf of the board by:

Mrs J M Gilhooly
Director

Company registration number: 13033923

THE TILEPORTFOLIO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northants, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Going concern

The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the director and creditors. On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Revenue recognition

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and 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.

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:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	33 1/3% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	2,076	12,925	4,000	1,705	20,706
Additions	–	1,117	–	1,328	2,445
	-------	--------	-------	-------	--------
At 31 March 2025	2,076	14,042	4,000	3,033	23,151
	-------	--------	-------	-------	--------
Depreciation
At 1 April 2024	875	6,045	1,750	1,398	10,068
Charge for the year	180	1,999	563	596	3,338
	-------	--------	-------	-------	--------
At 31 March 2025	1,055	8,044	2,313	1,994	13,406
	-------	--------	-------	-------	--------
Carrying amount
At 31 March 2025	1,021	5,998	1,687	1,039	9,745
	-------	--------	-------	-------	--------
At 31 March 2024	1,201	6,880	2,250	307	10,638
	-------	--------	-------	-------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	1,259	710
Other debtors	764	515
	-------	-------
	2,023	1,225
	-------	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	11,362	252
Social security and other taxes	6,887	4,717
Other creditors	71,224	88,692
	--------	--------
	89,473	93,661
	--------	--------

8. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 March 2025 the amount due from the company was £64,689 (2024 - £84,949). This loan is unsecured and interest free.

9. GOING CONCERN

The director has considered the period to 31 November 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.