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Registered Number: 13108966
England & Northern Ireland

 

 

 


Unaudited Financial Statements

for the year ended 31 January 2023

for

TIDAN LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 117,922    20,585 
117,922    20,585 
Current assets      
Stocks 4 25,947    12,432 
Debtors 5 52,554    42,242 
Cash at bank and in hand 9,685    13,264 
88,186    67,938 
Creditors: amount falling due within one year 6 (41,487)   (12,375)
Net current assets 46,699    55,563 
 
Total assets less current liabilities 164,621    76,148 
Provisions for liabilities 7 (22,405)   (3,911)
Net assets 142,216    72,237 
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 142,214    72,235 
Shareholder's funds 142,216    72,237 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 September 2023 and were signed on its behalf by:


-------------------------------
Timothy Patrick Gibson
Director
1
General Information
Tidan Ltd is a private company, limited by shares, registered in England & Northern Ireland, registration number 13108966, registration address 52 Hardingham Street, Hingham, Norwich, Norfolk, NR9 4JB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 February 2022 18,000    1,151    2,628    21,779 
Additions 135,990      632    136,622 
Disposals      
At 31 January 2023 153,990    1,151    3,260    158,401 
Depreciation
At 01 February 2022 752    160    282    1,194 
Charge for year 38,310    160    815    39,285 
On disposals      
At 31 January 2023 39,062    320    1,097    40,479 
Net book values
Closing balance as at 31 January 2023 114,928    831    2,163    117,922 
Opening balance as at 01 February 2022 17,248    991    2,346    20,585 


4.

Stocks

2023
£
  2022
£
Stocks 25,947    12,432 
25,947    12,432 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 23,835    15,635 
CIS Control Account 28,719    18,994 
Directors' Current Accounts   4,899 
VAT   2,714 
52,554    42,242 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax   11,500 
Accrued Expenses   875 
Directors' Current Accounts 40,156   
VAT 1,331   
41,487    12,375 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 3,911   
Charged to Profit & Loss 18,494    3,911 
22,405    3,911 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Ordinary shares of £1.00 each  
 

2