Company Registration No. 06950880 (England and Wales)
Tiverton & Taunton Flooring Limited
Unaudited accounts
for the year ended 30 June 2020
Tiverton & Taunton Flooring Limited
Unaudited accounts
Contents
Tiverton & Taunton Flooring Limited
Company Information
for the year ended 30 June 2020
Company Number
06950880 (England and Wales)
Registered Office
39 BAMPTON STREET
TIVERTON
DEVON
EX16 6AH
Accountants
Monksilver GP Ltd
The Old Schoolhouse
Monksilver
Taunton
Somerset
TA4 4HY
Tiverton & Taunton Flooring Limited
Statement of financial position
as at
30 June 2020
Tangible assets
25,766
24,972
Inventories
35,500
36,000
Cash at bank and in hand
116,279
25,797
Creditors: amounts falling due within one year
(111,022)
(77,766)
Net current assets
232,340
188,977
Total assets less current liabilities
258,106
213,949
Creditors: amounts falling due after more than one year
(2,766)
(2,766)
Net assets
255,340
211,183
Called up share capital
1
1
Profit and loss account
255,339
211,182
Shareholders' funds
255,340
211,183
For the year ending 30 June 2020 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 30 October 2020 and were signed on its behalf by
Mr Hal White
Director
Company Registration No. 06950880
Tiverton & Taunton Flooring Limited
Notes to the Accounts
for the year ended 30 June 2020
Tiverton & Taunton Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 06950880. The registered office is 39 BAMPTON STREET, TIVERTON, DEVON, EX16 6AH.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2019
41,223
73,439
2,951
117,613
Additions
-
6,450
-
6,450
At 30 June 2020
41,223
79,889
2,951
124,063
At 1 July 2019
34,293
55,763
2,585
92,641
Charge for the year
1,247
4,343
66
5,656
At 30 June 2020
35,540
60,106
2,651
98,297
At 30 June 2020
5,683
19,783
300
25,766
At 30 June 2019
6,930
17,676
366
24,972
Raw materials
35,500
36,000
Tiverton & Taunton Flooring Limited
Notes to the Accounts
for the year ended 30 June 2020
Trade debtors
66,181
72,230
Other debtors
125,402
132,716
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
884
22,557
Obligations under finance leases and hire purchase contracts
6,221
3,471
Trade creditors
29,905
22,498
Taxes and social security
70,149
28,740
8
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
2,766
2,766
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).