REGISTERED NUMBER: 04725092 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

New Image Tile Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Cobb

Miss K Keegan

REGISTERED OFFICE:

8 Kent Close

Granby Industrial Estate

Weymouth

Dorset

DT4 9TF

REGISTERED NUMBER:

04725092 (England and Wales)

ACCOUNTANTS:

Birkett & Co Ltd

186b Lower Blandford Road

Broadstone

Dorset

BH18 8DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

32,643

41,401

32,643

41,401

CURRENT ASSETS

Stocks

177,646

186,624

Debtors

6

130,342

95,977

Cash at bank and in hand

24,419

25,815

332,407

308,416

CREDITORS

Amounts falling due within one year

7

(314,366

)

(331,060

)

NET CURRENT ASSETS/(LIABILITIES)

18,041

(22,644

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,684

18,757

CREDITORS

Amounts falling due after more than one year

8

(21,250

)

-

PROVISIONS FOR LIABILITIES

(5,967

)

-

NET ASSETS

23,467

18,757

CAPITAL AND RESERVES

Called up share capital

110

100

Retained earnings

23,357

18,657

SHAREHOLDERS' FUNDS

23,467

18,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2026 and were signed on its behalf by:

S M Cobb - Director

1.	STATUTORY INFORMATION

New Image Tile Studio 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.

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 0, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

4% on cost

Plant and machinery etc

-

25% on cost and 20% 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 Statement of Income and Retained Earnings, 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

153,605

AMORTISATION

At 1 May 2025

and 30 April 2026

153,605

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2025

and 30 April 2026

70,302

381,966

452,268

DEPRECIATION

At 1 May 2025

70,302

340,565

410,867

Charge for year

-

8,758

8,758

At 30 April 2026

70,302

349,323

419,625

NET BOOK VALUE

At 30 April 2026

-

32,643

32,643

At 30 April 2025

-

41,401

41,401

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

65,975

34,673

Other debtors

64,367

61,304

130,342

95,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

15,000

-

Hire purchase contracts

-

2,286

Payments on account

45,560

106,728

Trade creditors

201,487

164,658

Taxation and social security

23,920

35,285

Other creditors

28,399

22,103

314,366

331,060

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

21,250

-