REGISTERED NUMBER: 02504067 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

TIN HORSE DESIGN LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C Bunce

P Booth

SECRETARY:

M C Bunce

REGISTERED OFFICE:

16 Hertford Court

Hertford Road

Marlborough

Wiltshire

SN8 4AW

REGISTERED NUMBER:

02504067 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

82,155

69,237

CURRENT ASSETS

Debtors

5

403,862

417,051

Cash at bank and in hand

223,444

209,990

627,306

627,041

CREDITORS

Amounts falling due within one year

6

256,825

226,853

NET CURRENT ASSETS

370,481

400,188

TOTAL ASSETS LESS CURRENT LIABILITIES

452,636

469,425

CREDITORS

Amounts falling due after more than one year

7

(214,041

)

-

PROVISIONS FOR LIABILITIES

(8,698

)

(7,106

)

NET ASSETS

229,897

462,319

CAPITAL AND RESERVES

Called up share capital

150

225

Capital redemption reserve

250

175

Retained earnings

229,497

461,919

SHAREHOLDERS' FUNDS

229,897

462,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 13 July 2018 and were signed on its behalf by:

P Booth - Director

1.	STATUTORY INFORMATION

Tin Horse Design Ltd. 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.

Leasehold improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

COST

At 1 June 2017

54,581

57,833

159,661

Additions

-

-

26,403

At 31 May 2018

54,581

57,833

186,064

DEPRECIATION

At 1 June 2017

23,982

39,453

153,521

Charge for year

3,400

7,668

3,780

At 31 May 2018

27,382

47,121

157,301

NET BOOK VALUE

At 31 May 2018

27,199

10,712

28,763

At 31 May 2017

30,599

18,380

6,140

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2017

-

42,734

314,809

Additions

8,083

4,325

38,811

At 31 May 2018

8,083

47,059

353,620

DEPRECIATION

At 1 June 2017

-

28,616

245,572

Charge for year

2,021

9,024

25,893

At 31 May 2018

2,021

37,640

271,465

NET BOOK VALUE

At 31 May 2018

6,062

9,419

82,155

At 31 May 2017

-

14,118

69,237

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

383,760

370,174

Other debtors

20,102

46,877

403,862

417,051

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans and overdrafts

19,158

-

Trade creditors

54,493

36,669

Taxation and social security

73,215

113,402

Other creditors

109,959

76,782

256,825

226,853

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans

214,041

-

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.18

31.5.17

£

£

Within one year

-

1,611

Between one and five years

24,739

40,154

In more than five years

372,500

417,200

397,239

458,965

9.	RELATED PARTY DISCLOSURES

On 13th November 2017 the company purchased 75 of its own ordinary £1 shares for total consideration of

£239,372. Once purchased the shares were then cancelled.