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Unaudited Financial Statements |
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for the Year Ended 31st December 2015 |
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for |
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TILE NORTH EAST LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st December 2015 |
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for |
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TILE NORTH EAST LIMITED |
TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2015 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 7 |
TILE NORTH EAST LIMITED |
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Company Information |
for the Year Ended 31st December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Hotspur House |
15 East Percy Street |
North Shields |
Tyne and Wear |
NE30 1DT |
TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Abridged Balance Sheet |
31st December 2015 |
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31/12/15 | 31/12/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors: amounts falling due within one year | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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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. |
TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Abridged Balance Sheet - continued |
31st December 2015 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Michael Freedman - Director | Henry Cairns - Director |
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Donald Oswald Gibbling - Director |
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TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2015 |
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1. | STATUTORY INFORMATION |
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TILE NORTH EAST LIMITED is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the applicable United Kingdom accounting |
standards, including Financial Reporting Standard 102 (FRS102), and with the Companies Act 2006. |
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The financial statements have been prepared on the historical cost basis, expect for the modification to fair value |
basis for certain financial instruments, which if applicable, are specified in the accounting policies. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Commercial vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1st January 2015 |
and 31st December 2015 |
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AMORTISATION |
At 1st January 2015 |
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Amortisation for year |
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At 31st December 2015 |
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NET BOOK VALUE |
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At 31st December 2015 |
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At 31st December 2014 |
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TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2015 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1st January 2015 |
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Additions |
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Disposals | ( |
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At 31st December 2015 |
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DEPRECIATION |
At 1st January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st December 2015 |
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NET BOOK VALUE |
At 31st December 2015 |
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At 31st December 2014 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/15 | 31/12/14 |
£ | £ |
Trade debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/15 | 31/12/14 |
£ | £ |
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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VAT |
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Sundry creditor |
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Directors' current accounts |
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Accrued expenses |
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8. | PROVISIONS FOR LIABILITIES |
31/12/15 | 31/12/14 |
£ | £ |
Deferred tax |
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Deferred |
tax |
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Balance at 1st January 2015 |
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Credit to Abridged Income Statement during year | ( |
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Balance at 31st December 2015 |
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TILE NORTH EAST LIMITED (REGISTERED NUMBER: 05137180) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2015 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/15 | 31/12/14 |
value: | £ | £ |
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Ordinary | £1 |
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1,500 |
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10. | RESERVES |
Retained |
earnings |
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At 1st January 2015 |
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Profit for the year |
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Dividends | ( |
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At 31st December 2015 |
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TILE NORTH EAST LIMITED |
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Report of the Accountants to the Directors of |
TILE NORTH EAST LIMITED |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain |
other primary statements and the Report of the Directors are not required to be filed with the Registrar of |
Companies. |
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As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2015 set out on pages to and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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Hotspur House |
15 East Percy Street |
North Shields |
Tyne and Wear |
NE30 1DT |
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