Tide Communications Limited 04324951 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is the provision of telecommunications consultancy and services. Digita Accounts Production Advanced 6.30.9574.0 true true true 04324951 2021-04-01 2022-03-31 04324951 2022-03-31 04324951 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04324951 bus:SmallEntities 2021-04-01 2022-03-31 04324951 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04324951 bus:FullAccounts 2021-04-01 2022-03-31 04324951 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 04324951 bus:RegisteredOffice 2021-04-01 2022-03-31 04324951 bus:Director3 2021-04-01 2022-03-31 04324951 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04324951 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-04-01 2022-03-31 04324951 core:OtherRelatedParties 2021-04-01 2022-03-31 04324951 core:ParentEntities 2021-04-01 2022-03-31 04324951 1 2021-04-01 2022-03-31 04324951 countries:AllCountries 2021-04-01 2022-03-31 04324951 2020-04-01 2021-03-31 04324951 2021-03-31 04324951 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 04324951

Tide Communications Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Tide Communications Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Tide Communications Limited

(Registration number: 04324951)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Creditors: Amounts falling due within one year

4

(63,496)

(62,871)

Capital and reserves

 

Called up share capital

2

2

Share premium reserve

7,465

7,465

Profit and loss account

(70,963)

(70,338)

Shareholders' deficit

 

(63,496)

(62,871)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 14 September 2022 and signed on its behalf by:
 

.........................................

J Mittens
Director

 

Tide Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

 

Tide Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

24,313

24,313

Amounts owed to related undertakings

3,583

2,983

Amounts due to holding company

1,325

1,325

Other creditors

34,275

34,250

63,496

62,871

5

Related party transactions

Summary of transactions with parent

Tide Management Limited (a company of which J Mittens is a significant shareholder). At the balance sheet date the amount due to Tide Management Limited was £1,325 (2021: £1,325).
 

Summary of transactions with entities with joint control or significant interest

Saiph Communications Limited (a company owned wholly by Saiph Group Limited, of which J Mittens is a significant shareholder). At the balance sheet date the amount due to Saiph Communications Ltd was £3,583 (2021: £2,983)
 

Summary of transactions with other related parties

J Mittens (director) had a loan with the company. At the balance sheet date the amount due to J Mittens was £2,100 (2021: £2,100).
 

6

Parent and ultimate parent undertaking

The company's immediate parent is Tide Management Limited, incorporated in England and Wales.