Registered number
09623169
Tara Commercial Limited
Report and Unaudited Accounts
31 August 2023
Accountancy 4 Success Limited
Chartered Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Tara Commercial Limited
Registered number: 09623169
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 152,300 152,300
Current assets
Debtors 4 65,207 56,010
Cash at bank and in hand 49,268 13,665
114,475 69,675
Creditors: amounts falling due within one year 5 (59,089) (66,699)
Net current assets 55,386 2,976
Net assets 207,686 155,276
Capital and reserves
Called up share capital 200 200
Profit and loss account 207,486 155,076
Shareholders' funds 207,686 155,276
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K L Jandrell
Director
Approved by the board on 25 October 2023
Tara Commercial Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2022 152,300
At 31 August 2023 152,300
The company holds 20% or more of the share capital of the following companies:
Company Shares held
Class Number
TARA Professional Recruitment Ltd Ordinary 100
TARA Professional Recruitment Ltd Ordinary A 100
TARA Wellbeing Ltd Ordinary 100
TARA Professional Recruitment (London) Ltd Ordinary 100
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 65,207 47,894
Other debtors - 8,116
65,207 56,010
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 55,947 66,699
Other creditors 3,142 -
59,089 66,699
6 Related party transactions
During the financial year TARA Commercial Limited traded with other members of the TARA Group and companies under the same control of the owners thereof. All transactions were on normal commercial terms.
7 Controlling party
The company is controlled by its directors.
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