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REGISTERED NUMBER:
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BB TILE IMPORTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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REGISTERED NUMBER:
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BB TILE IMPORTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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BB TILE IMPORTS LIMITED (REGISTERED NUMBER: 10685683) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BB TILE IMPORTS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BB TILE IMPORTS LIMITED (REGISTERED NUMBER: 10685683) |
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BALANCE SHEET |
31 MARCH 2018 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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BB TILE IMPORTS LIMITED (REGISTERED NUMBER: 10685683) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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BB Tile Imports Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in sterling which is the functional currency of the company and |
rounded to the nearest £. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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Turnover and other income |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
discounts. The policies adopted for the recognition of turnover are as follows: |
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Commission on sale of goods |
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Commission on sale of goods is recognised when significant risks and rewards of ownership of the goods have |
transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic |
benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in |
respect of the transaction can be measured reliably. This is usually on dispatch of the goods. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
BB TILE IMPORTS LIMITED (REGISTERED NUMBER: 10685683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 22 MARCH 2017 TO 31 MARCH 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
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Foreign currency |
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot |
exchange rate between the functional currency and the foreign currency at the date of the transaction. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade debtors |
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VAT |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Tax |
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Social security and other taxes |
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Directors' current accounts |
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Accruals and deferred income |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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