## THERESA’S TINY TREASURES Unaudited Accounts 

for the year ended 31 March 2024 



## THERESA’S TINY TREASURES 

## Unaudited Accounts 

## Year ended 31 March 2024 

|CONTENTS|PAGE|
|---|---|
|Proprietor and Professional Advisers|1|
|Proprietor’s Approval Statement|2|
|Accountant’s Report|3|
|Proft and Loss Account|4|
|Balance Sheet|5|
|Notes to the Accounts|6 - 9|





## THERESA’S TINY TREASURES 

Proprietor and Professional Advisers 

Year ended 31 March 2024 

Proprietor 

Mrs T McGrath 

Business name Business address 

## THERESA’S TINY TREASURES 

1 Rolfe Crescent Heacham Norfolk PE31 7SF United Kingdom 

Accountant 

James Johnson & Co Ltd Accountants & Tax Advisors 7 Peddars Drive Hunstanton Norfolk PE36 6HF United Kingdom 

1 



## THERESA’S TINY TREASURES 

## Proprietor’s Approval Statement 

## Year ended 31 March 2024 

In accordance with the engagement letter dated 1 April 2020, I approve the accounts which comprise the profit and loss account, balance sheet and related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing James Johnson & Co Ltd with all the information and explanations necessary for their compilation. 

Mrs T McGrath 

Date: 13 September 2024 

2 



## THERESA’S TINY TREASURES 

## Report to the proprietor on the preparation of the unaudited accounts of THERESA’S TINY TREASURES 

## Year ended 31 March 2024 

In accordance with your instructions, I have compiled the accounts on the following pages from the accounting records and from information and explanations supplied to me. 

I have not carried out an audit or any other review, and consequently I do not, therefore, express any opinion on the accounts. 

James Johnson & Co Ltd 

Accountants & Tax Advisors 

7 Peddars Drive Hunstanton Norfolk PE36 6HF United Kingdom 

Date: 13 September 2024 

3 



## THERESA’S TINY TREASURES 

## 

## Year ended 31 March 2024 

|Note<br>**Turnover**<br>2<br>Cost of sales<br>2<br>**Gross proft**<br>**Expenditure**<br>2<br>Premises costs<br>Motor expenses<br>Travelling and entertainment<br>Offce costs<br>Advertising<br>Legal and professional<br>Repairs and maintenance<br>General expenses<br>Finance charges<br>**Proft for the year**|2024<br>£<br>21,086<br>12,503|2023|
|---|---|---|
|||£|
||||
|||19,109|
|||13,725|
||8,583<br>300<br>2,314<br>30<br>443<br>539<br>312<br>741<br>1,737<br>220|5,384|
||||
|||-|
|||1,352|
|||-|
|||148|
|||63|
|||336|
|||609|
|||934|
|||108|
||6,636|3,550|
||1,947|1,834|
||||



4 



## THERESA’S TINY TREASURES 

## Balance Sheet 

## 31 March 2024 

|Note<br>**Fixed assets**<br>Tangible assets<br>3<br>**Current assets**<br>Cash at bank and in hand<br>**Net current assets**<br>**Net assets**<br>**Financed by:**<br>Capital account<br>4|2024<br>£<br>21,813<br>3,969|2023|
|---|---|---|
|||£|
||||
||||
|||18,854|
||||
|||4,981|
||3,969|4,981|
||25,782|23,835|
||||
||||
||25,782|23,835|
||||



5 



## THERESA’S TINY TREASURES 

## Notes to the Accounts 

## Year ended 31 March 2024 

## **1 Accounting policies** 

## BASIS OF PREPARATION 

The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. 

## TURNOVER 

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. 

## TANGIBLE ASSETS 

Tangible assets are measured at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. 

## **2 Profit and loss account analysis** 

## TURNOVER 

|Other income-Donations<br>COST OF SALES<br>Purchases<br>EXPENDITURE|2024<br>2023<br>£<br>£<br>21,086<br>19,109|2024<br>2023<br>£<br>£<br>21,086<br>19,109|
|---|---|---|
|||19,109|
||2024<br>2023<br>£<br>£<br>12,503<br>13,725||
||||
|||13,725|
||||
||||



|**Premises costs**<br>Use of home as offce|2024<br>2023<br>£<br>£<br>300<br>-|2024<br>2023<br>£<br>£<br>300<br>-|
|---|---|---|
||||
|||-|
||||



6 



## THERESA’S TINY TREASURES 

## Notes to the Accounts (continued) 

## Year ended 31 March 2024 

|**Motor expenses**<br>Mileage claim<br>**Travelling and entertainment**<br>Subsistence<br>**Offce costs**<br>Printing, postage and stationery<br>Telephone<br>**Advertising**<br>Advertising<br>**Legal and professional**<br>Accountancy fees|2024<br>£<br>2,314|2023|
|---|---|---|
|||£|
||||
|||1,352|
||2024<br>£<br>30||
||||
|||2023|
|||£|
||||
|||-|
||2024<br>£<br>303<br>140||
||||
|||2023|
|||£|
||||
|||14|
|||134|
||443|148|
||2024<br>£<br>539||
||||
|||2023|
|||£|
||||
|||63|
||2024<br>£<br>312||
||||
|||2023|
|||£|
||||
|||336|
||||



7 



## THERESA’S TINY TREASURES 

## Notes to the Accounts (continued) 

## Year ended 31 March 2024 

|**Repairs and maintenance**<br>Repairs and maintenance<br>**General expenses**<br>General insurance<br>Subscriptions<br>Sundry expenses<br>**Finance charges**<br>Bank charges<br>Paypal fees|2024<br>£<br>741|2023|
|---|---|---|
|||£|
||||
|||609|
||2024<br>£<br>484<br>126<br>1,127||
||||
|||2023|
|||£|
||||
|||432|
|||114|
|||388|
||1,737|934|
||2024<br>£<br>-<br>220||
||||
|||2023|
|||£|
||||
|||108|
|||-|
||220|108|
||||



8 



## THERESA’S TINY TREASURES 

## Notes to the Accounts (continued) 

## Year ended 31 March 2024 

## **3 Tangible assets** 

|**Cost**<br>At 1 April 2023<br>Additions<br>At 31 March 2024<br>**Depreciation**<br>At 1 April 2023 and 31 March 2024<br>**Net book value**<br>At 31 March 2024<br>At 31 March 2023<br>**4 Capital account**<br>At 1 April 2023<br>Net proft for the year<br>At 31 March 2024|Land and<br>buildings<br>£<br>3,462<br>-|<br><br>Offce<br>equipmen<br><br>£<br>15,392<br>2,959|t<br>Total<br><br>£<br>18,854<br>2,959|
|---|---|---|---|
||3,462|18,351|21,813|
||-|-|-|
||3,462|18,351|21,813|
||3,462|15,392|18,854|
|||2024<br>£<br>23,835<br>1,947||
||||2023|
||||£|
||||22,001|
||||1,834|
|||25,782|23,835|
|||||



9