ACCOUNTS - Final Accounts

Registered number: 07922244

TILES DIY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

TILES DIY LIMITED

REGISTERED NUMBER: 07922244

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	4		24,731		35,877
Current assets
Debtors: amounts falling due within one year	5	177,645		376,873
Cash at bank and in hand		12,000		83
		189,645		376,956
Creditors: amounts falling due within one year	6	(80,189)		(263,125)
Net current assets			109,456		113,831
Total assets less current liabilities			134,187		149,708
Creditors: amounts falling due after more than one year	7		-		(4,167)
Net assets			134,187		145,541

Capital and reserves
Called up share capital	100	100
Profit and loss account	134,087	145,441
	134,187	145,541

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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TILES DIY LIMITED

REGISTERED NUMBER: 07922244

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 October 2026.

M Yurtseven

Director

The notes on pages 3 to 7 form part of these financial statements.

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TILES DIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Tiles DIY Limited ('the Company") is a private company limited by shares, incorporated in England and Wales. The address of the registered office is 480-482 Ley Street, Ilford, England, IG2 7BZ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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TILES DIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a combination of the straight line and reducing balance methods.

Depreciation is provided on the following annual bases:

Leasehold property	-	10%	straight line
Plant & machinery	-	25%	reducing balance
Fixtures & fittings	-	25%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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TILES DIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2026	2025
	No.	No.

Director	1	1

4.	Tangible fixed assets

	Long-term leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost or valuation
At 1 February 2025	50,958	13,506	384,942	449,406
At 31 January 2026	50,958	13,506	384,942	449,406
Depreciation
At 1 February 2025	48,055	12,544	352,930	413,529
Charge for the year on owned assets	2,903	240	8,003	11,146
At 31 January 2026	50,958	12,784	360,933	424,675
Net book value
At 31 January 2026	-	722	24,009	24,731
At 31 January 2025	2,903	962	32,012	35,877

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TILES DIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.Tangible fixed assets (continued)

The net book value of land and buildings may be further analysed as follows:
	2026	2025
	£	£

Long leasehold	-	2,903
	-	2,903

Debtors

					2026	2025
					£	£


Trade debtors	-	168,600
Amounts owed by connected entities	123,000	123,000
Other debtors	27,562	25,066
Prepayments and accrued income	27,083	60,207
	177,645	376,873

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	-	10,000
Trade creditors	10,465	1,284
Amounts owed to group undertakings	49,968	228,773
Other creditors	16,516	16,516
Accruals and deferred income	3,240	6,552
	80,189	263,125

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

	Bank loans	-	4,167

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TILES DIY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

8.	Related party transactions
	Included within other creditors due within one year is an amount owed to the director amounting to £16,516 (2025 - £16,516).

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