Tang Interiors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10999081 (England and Wales)

Financial Statements

for the Period

5 October 2017 to 31 May 2018

for

TANG INTERIORS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Neil Martin

Andrew Robinson

REGISTERED OFFICE:

Colmore Tang House

Broadway

Broad Street

Birmingham

B15 1BJ

REGISTERED NUMBER:

10999081 (England and Wales)

AUDITORS:

Brindleys Limited

Statutory Auditors

2 Wheeleys Road

Edgbaston

Birmingham

West Midlands

B15 2LD

CURRENT ASSETS

Debtors

3

950,545

Cash at bank and in hand

145,305

1,095,850

CREDITORS

Amounts falling due within one year

4

931,778

NET CURRENT ASSETS

164,072

TOTAL ASSETS LESS CURRENT LIABILITIES

164,072

CAPITAL AND RESERVES

Called up share capital

5

100

Retained earnings

6

163,972

SHAREHOLDERS' FUNDS

164,072

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 26 February 2019 and were signed on its behalf by:

Neil Martin - Director

1.	STATUTORY INFORMATION

Tang Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

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.

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.

Long term contracts

Long term contracts are assessed on a contract by contract basis and turnover and profits are reflected in the

profit and loss account as contract activity progresses. Retentions are recognised when the monies are received.

Functional and presentation currency

The functional and presentation currency of the company is Great British Pound (£).

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

361,200

Other debtors

578,495

Prepayments

10,850

950,545

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

126,530

Amounts owed to group undertakings

320,000

Corporation Tax

38,463

Social security and other taxes

1,200

VAT

14,993

Accrued expenses

430,592

931,778

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

100 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

6.

RESERVES

Retained

earnings

£

Profit for the period

163,972

At 31 May 2018

163,972

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sajjad Sumar (Senior Statutory Auditor)

for and on behalf of Brindleys Limited

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Colmore Tang Construction Limited.

The consolidated group accounts can be found at the registered office of the parent company Colmore Tang

Construction Limited at Colmore Tang House, Broadway, Broad Street, Birmingham, B15 1BJ.