Company Registration No. 3638002 (England and Wales)
TAILORED & MAT SUPPLIES LIMITED
Unaudited accounts
for the year ended 31 August 2021
TAILORED & MAT SUPPLIES LIMITED
Unaudited accounts
Contents
TAILORED & MAT SUPPLIES LIMITED
Company Information
for the year ended 31 August 2021
Company Number
3638002 (England and Wales)
Registered Office
LLOYDS BANK CHAMBERS
HIGH STREET
CREDITON
DEVON
EX17 3AH
TAILORED & MAT SUPPLIES LIMITED
Statement of financial position
as at
31 August 2021
Tangible assets
73,242
79,011
Inventories
173,680
79,682
Cash at bank and in hand
65,842
118,422
Creditors: amounts falling due within one year
(263,585)
(239,934)
Net current assets
648,612
440,410
Total assets less current liabilities
721,854
519,421
Creditors: amounts falling due after more than one year
(100,000)
(51,449)
Net assets
621,854
467,972
Called up share capital
1,000
1,000
Share premium
43,910
43,910
Profit and loss account
576,944
423,062
Shareholders' funds
621,854
467,972
For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 May 2022 and were signed on its behalf by
T S White
Director
Company Registration No. 3638002
TAILORED & MAT SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 August 2021
TAILORED & MAT SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3638002. The registered office is LLOYDS BANK CHAMBERS, HIGH STREET, CREDITON, DEVON, EX17 3AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on cost
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2020
50,000
At 1 September 2020
50,000
TAILORED & MAT SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 August 2021
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2020
31,076
125,471
21,962
178,509
Additions
3,250
8,596
-
11,846
Disposals
-
-
(14,678)
(14,678)
At 31 August 2021
34,326
134,067
7,284
175,677
At 1 September 2020
1,250
82,815
15,433
99,498
Charge for the year
1,250
10,250
103
11,603
On disposals
-
(8,666)
-
(8,666)
At 31 August 2021
2,500
84,399
15,536
102,435
At 31 August 2021
31,826
49,668
(8,252)
73,242
At 31 August 2020
29,826
42,656
6,529
79,011
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
431,364
242,134
Amounts due from group undertakings etc.
239,944
238,344
Other debtors
1,367
1,762
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Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
1,449
2,899
Trade creditors
106,979
94,892
Taxes and social security
147,873
134,570
Loans from directors
1,570
1,859
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
100,000
50,000
Obligations under finance leases and hire purchase contracts
-
1,449
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Average number of employees
During the year the average number of employees was 41 (2020: 39).