Tio Uk Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04793265 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

TIO UK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M L Wright

SECRETARY:

N.H. Wright

REGISTERED OFFICE:

11 Hillford Place

Salfords

Surrey

RH1 5AT

REGISTERED NUMBER:

04793265 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

FIXED ASSETS

Tangible assets

4

1,296

1,728

CURRENT ASSETS

Stocks

9,147

9,023

Debtors

2,739

747

Cash at bank and in hand

6,373

8,692

18,259

18,462

CREDITORS

Amounts falling due within one year

7,162

6,017

NET CURRENT ASSETS

11,097

12,445

TOTAL ASSETS LESS CURRENT LIABILITIES

12,393

14,173

PROVISIONS FOR LIABILITIES

246

328

NET ASSETS

12,147

13,845

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

12,146

13,844

SHAREHOLDERS' FUNDS

12,147

13,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 March 2022 and were signed by:

Mrs M L Wright - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

and 30 June 2021

12,946

DEPRECIATION

At 1 July 2020

11,218

Charge for year

432

At 30 June 2021

11,650

NET BOOK VALUE

At 30 June 2021

1,296

At 30 June 2020

1,728

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the Mrs M L Wright, paid expenses on behalf of the company totalling £775 (2020 - £1,754) and was repaid £26 (2020 - £Nil). The balance due to Mrs M L Wright, which is included within other creditors is £4,482 (2020 - £3,733).

6.	ULTIMATE CONTROLLING PARTY