REGISTERED NUMBER: 04955788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

A B TILES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr G Tati

REGISTERED OFFICE:

Unit 2 Alpine House

Honeypot Lane

Kingsbury

London

NW9 9RX

REGISTERED NUMBER:

04955788 (England and Wales)

ACCOUNTANTS:

Alchemy Financial Solutions Ltd

19 Edinburgh Drive

Staines - Upon - Thames

Surrey

TW18 1PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

26,864

29,458

26,864

29,458

CURRENT ASSETS

Stocks

62,145

70,650

Debtors

6

154,027

129,042

Cash at bank and in hand

3,187

45,873

219,359

245,565

CREDITORS

Amounts falling due within one year

7

79,928

97,973

NET CURRENT ASSETS

139,431

147,592

TOTAL ASSETS LESS CURRENT LIABILITIES

166,295

177,050

CREDITORS

Amounts falling due after more than one year

8

(18,579

)

(27,507

)

ACCRUALS AND DEFERRED INCOME

9,429

-

NET ASSETS

157,145

149,543

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

157,045

149,443

SHAREHOLDERS' FUNDS

157,145

149,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 29 January 2018 and were signed by:

Mr G Tati - Director

1.	STATUTORY INFORMATION

A B Tiles 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.

Goodwill

The goodwill has been fully amortised over its expected usefull life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 10% on cost

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 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

60,000

AMORTISATION

At 1 May 2016

and 30 April 2017

60,000

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

64,206

Additions

736

At 30 April 2017

64,942

DEPRECIATION

At 1 May 2016

34,748

Charge for year

3,330

At 30 April 2017

38,078

NET BOOK VALUE

At 30 April 2017

26,864

At 30 April 2016

29,458

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

83,742

80,057

Other debtors

70,285

48,985

154,027

129,042

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

18,690

239

Trade creditors

40,645

74,452

Taxation and social security

17,898

20,828

Other creditors

2,695

2,454

79,928

97,973

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

18,579

27,507

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Alchemy Financial Solutions Ltd

19 Edinburgh Drive

Staines - Upon - Thames

Surrey

TW18 1PJ

29 January 2018