09871344falsedesign and sale of fitted kitchen and bedroom furniture2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09871344
TARA NEIL LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

Tara Neil Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet2
Notes To The Accounts3
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Tara Neil Limited

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3244,312292,359
CURRENT ASSETS
Stock63,08658,425
Debtors4454,349154,174
Cash at bank and in hand164,26787,229
681,702299,828
CREDITORS: Amounts falling due within one year5517,359204,399
NET CURRENT ASSETS164,34395,429
TOTAL ASSETS LESS CURRENT LIABILITIES408,655387,788
CREDITORS: Amounts falling due after more than one year633,187162,826
NET ASSETS375,468224,962
CAPITAL AND RESERVES
Called up share capital750,00050,000
Profit and loss account325,468174,962
SHAREHOLDERS' FUNDS375,468224,962
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 October 2023 and signed on their behalf by
.............................
T P L McGinty
Director

Tara Neil Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildingsreducing balance 10%
Plant and Machineryreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20232022
NumberNumber
Average number of employees56

Tara Neil Limited

3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachinery Etc.Total
£££
Cost
At 1 April 2022374,78366,597441,380
Additions-8,5258,525
Disposals(31,162)(4,308)(35,470)
At 31 March 2023343,62170,814414,435
Depreciation
At 1 April 2022115,18033,841149,021
Disposals(31,162)(4,308)(35,470)
For the year48,4808,09256,572
At 31 March 2023132,49837,625170,123
Net Book Amounts
At 31 March 2023211,12333,189244,312
At 31 March 2022259,60332,756292,359
4. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors443,749119,872
VAT-24,702
Other debtors9,6009,600
453,349154,174
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors425,157194,386
Taxation and social security67,1588,469
Other creditors25,0441,544
517,359204,399

Tara Neil Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts33,187162,826
33,187162,826
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
50000 Ordinary shares of £1 each5000050000
50,00050,000