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REGISTERED NUMBER: 04313663 (England and Wales)















TACKLEBAG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 31 JANUARY 2023






TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TACKLEBAG LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023







DIRECTORS: P McFarland
Mrs S McFarland
P Lawford
G D Miller





SECRETARY: Mrs S McFarland





REGISTERED OFFICE: Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ





REGISTERED NUMBER: 04313663 (England and Wales)





ACCOUNTANTS: Murphy Salisbury Limited
Chartered Accountants
Celixir House
Stratford Business and Technology Park
Stratford-upon-Avon
Warwickshire
CV37 7GZ

TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)

BALANCE SHEET
31 JANUARY 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,841 33,657
Investments 5 100 100
33,941 33,757

CURRENT ASSETS
Stocks 451,527 375,000
Debtors 6 74,628 103,240
Cash at bank and in hand 999 74,987
527,154 553,227
CREDITORS
Amounts falling due within one year 7 466,835 415,532
NET CURRENT ASSETS 60,319 137,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,260

171,452

CREDITORS
Amounts falling due after more than one
year

8

(50,000

)

(96,875

)

PROVISIONS FOR LIABILITIES (8,460 ) (6,395 )
NET ASSETS 35,800 68,182

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 35,500 67,882
SHAREHOLDERS' FUNDS 35,800 68,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)

BALANCE SHEET - continued
31 JANUARY 2023



The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





P McFarland - Director


TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023

1. STATUTORY INFORMATION

Tacklebag Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Premises improvements - in accordance with the term of the lease
Fixtures and fittings - at varying rates on straight line basis
Computer equipment - 33% straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Premises and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 November 2021 26,235 26,509 21,690 74,434
Additions 8,393 - 1,695 10,088
At 31 January 2023 34,628 26,509 23,385 84,522
DEPRECIATION
At 1 November 2021 5,247 16,388 19,142 40,777
Charge for period 5,472 2,593 1,839 9,904
At 31 January 2023 10,719 18,981 20,981 50,681
NET BOOK VALUE
At 31 January 2023 23,909 7,528 2,404 33,841
At 31 October 2021 20,988 10,121 2,548 33,657

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2021
and 31 January 2023 100
NET BOOK VALUE
At 31 January 2023 100
At 31 October 2021 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 56,228 83,509
Other debtors 18,400 19,731
74,628 103,240

TACKLEBAG LIMITED (REGISTERED NUMBER: 04313663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 165,713 37,500
Trade creditors 69,885 165,184
Amounts owed to group undertakings 10,568 6,706
Taxation and social security 26,171 51,662
Other creditors 194,498 154,480
466,835 415,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Bank loans 50,000 96,875

9. OTHER FINANCIAL COMMITMENTS

The total minimum lease payments under non-cancellable operating leases as at 31 January 2023 was £101,900 (2021: £56,045).