THERESA’S TINY TREASURES Unaudited Accounts for the year ended 31 March 2025
THERESA’S TINY TREASURES
Unaudited Accounts
Year ended 31 March 2025
| 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 2025
Proprietor
Mrs T McGrath
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 2025
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
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 2025
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
3
THERESA’S TINY TREASURES
Year ended 31 March 2025
| Note Turnover 2 Cost of sales 2 Gross proft Expenditure 2 Premises costs Motor expenses Travelling and entertainment Offce costs Advertising Legal and professional Repairs and maintenance General expenses Finance charges Proft for the year |
2025 £ 24,308 12,746 |
2024 |
|---|---|---|
| £ | ||
| 21,086 | ||
| 12,503 | ||
| 11,562 300 1,796 - 155 - 384 - 1,043 - |
8,583 | |
| 300 | ||
| 2,314 | ||
| 30 | ||
| 443 | ||
| 539 | ||
| 312 | ||
| 741 | ||
| 1,737 | ||
| 220 | ||
| 3,678 | 6,636 | |
| 7,884 | 1,947 | |
4
THERESA’S TINY TREASURES
Balance Sheet
31 March 2025
| Note Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Net current assets Net assets Financed by: Capital account 4 |
2025 £ 26,155 7,498 |
2024 |
|---|---|---|
| £ | ||
| 21,813 | ||
| 3,969 | ||
| 7,498 | 3,969 | |
| 33,653 | 25,782 | |
| 33,653 | 25,782 | |
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THERESA’S TINY TREASURES
Notes to the Accounts
Year ended 31 March 2025
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
| Sales Other income-Donations |
2025 £ 1,646 22,662 |
2024 |
|---|---|---|
| £ | ||
| - | ||
| 21,086 | ||
| 24,308 | 21,086 | |
COST OF SALES
| Purchases | 2025 2024 £ £ 12,746 12,503 |
2025 2024 £ £ 12,746 12,503 |
|---|---|---|
| 12,503 | ||
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THERESA’S TINY TREASURES
Notes to the Accounts (continued)
Year ended 31 March 2025
EXPENDITURE
| Premises costs Use of home as offce Motor expenses Mileage claim Travelling and entertainment Subsistence Offce costs Printing, postage and stationery Telephone Advertising Advertising |
2025 £ 300 |
2024 |
|---|---|---|
| £ | ||
| 300 | ||
| 2025 £ 1,796 |
||
| 2024 | ||
| £ | ||
| 2,314 | ||
| 2025 £ - |
||
| 2024 | ||
| £ | ||
| 30 | ||
| 2025 £ 126 29 |
||
| 2024 | ||
| £ | ||
| 303 | ||
| 140 | ||
| 155 | 443 | |
| 2025 £ - |
||
| 2024 | ||
| £ | ||
| 539 | ||
7
THERESA’S TINY TREASURES
Notes to the Accounts (continued)
Year ended 31 March 2025
| Legal and professional Accountancy fees Repairs and maintenance Repairs and maintenance General expenses General insurance Subscriptions Sundry expenses Finance charges Paypal fees |
2025 £ 384 |
2024 |
|---|---|---|
| £ | ||
| 312 | ||
| 2025 £ - |
||
| 2024 | ||
| £ | ||
| 741 | ||
| 2025 £ 486 433 124 |
||
| 2024 | ||
| £ | ||
| 484 | ||
| 126 | ||
| 1,127 | ||
| 1,043 | 1,737 | |
| 2025 £ - |
||
| 2024 | ||
| £ | ||
| 220 | ||
8
THERESA’S TINY TREASURES
Notes to the Accounts (continued)
Year ended 31 March 2025
3 Tangible assets
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 and 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 4 Capital account At 1 April 2024 Net proft for the year At 31 March 2025 |
Land and buildings £ 3,462 - |
Offce equipmen £ 18,351 4,342 |
t Total £ 21,813 4,342 |
|---|---|---|---|
| 3,462 | 22,693 | 26,155 | |
| - | - | - | |
| 3,462 | 22,693 | 26,155 | |
| 3,462 | 18,351 | 21,813 | |
| 2025 £ 25,769 7,884 |
|||
| 2024 | |||
| £ | |||
| 23,835 | |||
| 1,947 | |||
| 33,653 | 25,782 | ||
9