C. M. Tiling Company Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03364738 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

C. M. Tiling Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

I C Mawbey

Mrs J C Mawbey

SECRETARY:

I C Mawbey

REGISTERED OFFICE:

49 Heather Lea Avenue

Dore

Sheffield

Yorkshire

S17 3DL

REGISTERED NUMBER:

03364738 (England and Wales)

ACCOUNTANTS:

Heather Lea Business Services

49 Heather Lea Avenue

Sheffield

S17 3DL

FIXED ASSETS

Tangible assets

4

15,121

20,138

CURRENT ASSETS

Debtors

5

176,416

98,633

Cash at bank

561

47,745

176,977

146,378

CREDITORS

Amounts falling due within one year

6

189,588

140,829

NET CURRENT (LIABILITIES)/ASSETS

(12,611

)

5,549

TOTAL ASSETS LESS CURRENT LIABILITIES

2,510

25,687

CREDITORS

Amounts falling due after more than one year

7

(786

)

(5,501

)

PROVISIONS FOR LIABILITIES

-

(3,995

)

NET ASSETS

1,724

16,191

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,624

16,091

SHAREHOLDERS' FUNDS

1,724

16,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 November 2017 and were signed on its behalf by:

I C Mawbey - Director

Mrs J C Mawbey - Director

1.	STATUTORY INFORMATION

C. M. Tiling Company 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.

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 and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2016

and 28 February 2017

1,022

1,165

33,795

3,324

39,306

DEPRECIATION

At 1 March 2016

937

1,071

14,227

2,933

19,168

Charge for year

13

14

4,892

98

5,017

At 28 February 2017

950

1,085

19,119

3,031

24,185

NET BOOK VALUE

At 28 February 2017

72

80

14,676

293

15,121

At 29 February 2016

85

94

19,568

391

20,138

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

83,321

20,609

Other debtors

93,095

78,024

176,416

98,633

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

7,523

8,494

Hire purchase contracts

4,715

4,715

Trade creditors

60,829

29,275

Taxation and social security

113,321

96,144

Other creditors

3,200

2,201

189,588

140,829

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Hire purchase contracts

786

5,501

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2017 and

29 February 2016:

28.2.17

29.2.16

£

£

I C Mawbey and Mrs J C Mawbey

Balance outstanding at start of year

53,353

80,279

Amounts advanced

27,840

9,594

Amounts repaid

(12,769

)

(36,520

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

68,424

53,353

9.	ULTIMATE CONTROLLING PARTY

The controlling party is I C Mawbey.

The ultimate controlling party is I C Mawbey.

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 Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of C. M. Tiling Company Limited for the year ended 28 February 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C. M. Tiling Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C. M. Tiling Company Limited and state those matters that we have agreed to state to the Board of Directors of C. M. Tiling Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. M. Tiling Company Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C. M. Tiling Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C. M. Tiling Company Limited. You consider that C. M. Tiling Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C. M. Tiling Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heather Lea Business Services

49 Heather Lea Avenue

Sheffield

S17 3DL

29 November 2017