Tile One Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 16197121

		31 January 2026
	Notes	£	£
CURRENT ASSETS
Debtors	5	20,772
Cash at bank and in hand		540

		21,312
Creditors: Amounts Falling Due Within One Year	6	(12,434 )

NET CURRENT ASSETS (LIABILITIES)			8,878

TOTAL ASSETS LESS CURRENT LIABILITIES			8,878

NET ASSETS			8,878

CAPITAL AND RESERVES
Called up share capital	7		100
Profit and Loss Account			8,778

SHAREHOLDERS' FUNDS			8,878

For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mason Mabbett

Director

28/10/2026

The notes on pages 2 to 3 form part of these financial statements.

1. Revision by Replacement

The financial statements for the period ended 31 January 2026 have been revised.

These financial statements:

replace the original financial statements;
are now the statutory financial statements;
have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

The financial statements for the period ended 31 January 2026 have been revised to correct an error identified in the original financial statements.

The original financial statements included an overstatement of the corporation tax provision of £11,313, arising from the duplication of corporation tax within the accounting records. This resulted in an understatement of the profit after taxation and retained earnings available for distribution.

Following the correction of the corporation tax provision, the directors have reviewed the dividends and the associated director's loan account balances. The revised financial statements reflect dividends of £39,050, compared with £36,000 originally reported, together with the consequential adjustments to the director's loan account.

As a result of these amendments, the profit after taxation has increased from £36,515 to £47,828, and retained earnings at 31 January 2026 have increased from £515 to £8,778.

The revised financial statements replace the original financial statements and are now the statutory financial statements of the company for the period ended 31 January 2026. All other material accounting figures remain unchanged.

2. General Information

Tile One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16197121 . The registered office is 39 Blaby Road, South Wigston, Leicester, Leicestershire, LE18 4PA.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Tile One Limited

Notes to the Financial Statements (continued)

For the Period 21 January 2025 to 31 January 2026

3.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

4. Average Number of Employees

Average number of employees, including directors, during the period was: 1

5. Debtors

	31 January 2026
	£
Due within one year
Trade debtors	5,352
Other debtors	15,420

	20,772

6. Creditors: Amounts Falling Due Within One Year

	31 January 2026
	£
Trade creditors	400
Other creditors	46
Taxation and social security	11,988

	12,434

7. Share Capital

	31 January 2026
	£
Called Up Share Capital not Paid	100

Amount of Allotted, Called Up Share Capital	100

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