Company registration number 12389948 (England and Wales)
TIKI TIGER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
PAGES FOR FILING WITH REGISTRAR
TIKI TIGER LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
TIKI TIGER LTD
BALANCE SHEET
AS AT
31 JANUARY 2022
31 January 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,606
12,529
Current assets
Stocks
4,500
4,500
Debtors
4
58,153
12,637
Cash at bank and in hand
65,256
54,796
127,909
71,933
Creditors: amounts falling due within one year
5
(26,920)
(16,012)
Net current assets
100,989
55,921
Total assets less current liabilities
112,595
68,450
Creditors: amounts falling due after more than one year
6
(33,333)
(42,893)
Provisions for liabilities
(1,114)
(734)
Net assets
78,148
24,823
Capital and reserves
Called up share capital
7
2
2
Profit and loss reserves
78,146
24,821
Total equity
78,148
24,823

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

TIKI TIGER LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2022
31 January 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 August 2022 and are signed on its behalf by:
Mr M  Hampson
Director
Company Registration No. 12389948
TIKI TIGER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
- 3 -
1
Accounting policies
Company information

Tiki Tiger Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.true

 

Whilst the directors have adopted the going concern basis set out above, the impact of the worldwide Coronavirus pandemic, Covid -19, on all businesses represents an uncertainty and the true impact of this pandemic will only become apparent over time.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% Straight Line
Computers
20% Straight Line
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

TIKI TIGER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

TIKI TIGER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
1
Accounting policies
(Continued)
- 5 -
1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2021
14,559
Additions
1,500
At 31 January 2022
16,059
Depreciation and impairment
At 1 February 2021
2,030
Depreciation charged in the year
2,423
At 31 January 2022
4,453
Carrying amount
At 31 January 2022
11,606
At 31 January 2021
12,529
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
58,153
12,637

Other debtors include £58,053 in respect of insurance claims receivable.

TIKI TIGER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
- 6 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
10,000
7,107
Corporation tax
12,814
5,431
Other taxation and social security
72
-
0
Other creditors
4,034
3,474
26,920
16,012
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
33,333
42,893
Creditors which fall due after five years are as follows:
2022
2021
£
£
Payable by instalments
-
4,409
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
2022-01-312021-02-01false15 August 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr M  HampsonMr D L Cunliffe123899482021-02-012022-01-31123899482022-01-31123899482021-01-3112389948core:OtherPropertyPlantEquipment2022-01-3112389948core:OtherPropertyPlantEquipment2021-01-3112389948core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3112389948core:CurrentFinancialInstrumentscore:WithinOneYear2021-01-3112389948core:Non-currentFinancialInstrumentscore:AfterOneYear2022-01-3112389948core:Non-currentFinancialInstrumentscore:AfterOneYear2021-01-3112389948core:CurrentFinancialInstruments2022-01-3112389948core:CurrentFinancialInstruments2021-01-3112389948core:ShareCapital2022-01-3112389948core:ShareCapital2021-01-3112389948core:RetainedEarningsAccumulatedLosses2022-01-3112389948core:RetainedEarningsAccumulatedLosses2021-01-3112389948bus:Director12021-02-012022-01-3112389948core:FurnitureFittings2021-02-012022-01-3112389948core:ComputerEquipment2021-02-012022-01-31123899482020-01-072021-01-3112389948core:OtherPropertyPlantEquipment2021-01-3112389948core:OtherPropertyPlantEquipment2021-02-012022-01-3112389948core:WithinOneYear2022-01-3112389948core:WithinOneYear2021-01-3112389948core:Non-currentFinancialInstruments2022-01-3112389948core:Non-currentFinancialInstruments2021-01-3112389948bus:PrivateLimitedCompanyLtd2021-02-012022-01-3112389948bus:SmallCompaniesRegimeForAccounts2021-02-012022-01-3112389948bus:FRS1022021-02-012022-01-3112389948bus:AuditExemptWithAccountantsReport2021-02-012022-01-3112389948bus:Director22021-02-012022-01-3112389948bus:FullAccounts2021-02-012022-01-31xbrli:purexbrli:sharesiso4217:GBP