REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1ST MARCH 2021 TO 31ST MARCH 2022 |
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PLANET TILES & BATHS LTD |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1ST MARCH 2021 TO 31ST MARCH 2022 |
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FOR |
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PLANET TILES & BATHS LTD |
PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST MARCH 2021 TO 31ST MARCH 2022 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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PLANET TILES & BATHS LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 1ST MARCH 2021 TO 31ST MARCH 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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STATEMENT OF FINANCIAL POSITION |
31ST MARCH 2022 |
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31/3/22 | 28/2/21 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR |
6 |
( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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STATEMENT OF FINANCIAL POSITION - continued |
31ST MARCH 2022 |
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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 director and authorised for issue on
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PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST MARCH 2021 TO 31ST MARCH 2022 |
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1. | STATUTORY INFORMATION |
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Planet Tiles & Baths Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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RELATED PARTY EXEMPTION |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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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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TANGIBLE FIXED ASSETS |
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Fixtures and fittings | - |
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Motor 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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TAXATION |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST MARCH 2021 TO 31ST MARCH 2022 |
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2. | ACCOUNTING POLICIES - continued |
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PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
Additions |
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At 31st March 2022 |
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DEPRECIATION |
Charge for period |
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At 31st March 2022 |
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NET BOOK VALUE |
At 31st March 2022 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/22 | 28/2/21 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/22 | 28/2/21 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/22 | 28/2/21 |
value: | £ | £ |
200 | Ordinary | £1 | 200 | 200 |
PLANET TILES & BATHS LTD (REGISTERED NUMBER: 12825102) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST MARCH 2021 TO 31ST MARCH 2022 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the periods ended 31st March 2022 and 28th February 2021: |
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31/3/22 | 28/2/21 |
£ | £ |
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Balance outstanding at start of period |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
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9. | RELATED PARTY DISCLOSURES |
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The parent entity is Suriya Holdings Ltd, incorporated in United Kingdom. The ultimate controlling party is Mr & Mrs Suriya. |