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REGISTERED NUMBER: 13227099 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Tak Trading Limited

Tak Trading Limited (Registered number: 13227099)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tak Trading Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: D Abou Fayad
S Ezadi





SECRETARY:





REGISTERED OFFICE: 154 Colney Hatch Lane
London
N10 1ER





REGISTERED NUMBER: 13227099 (England and Wales)





ACCOUNTANTS: Roseworth Limited
662 High Road
Finchley
London
N12 0NL

Tak Trading Limited (Registered number: 13227099)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,557 196,296

CURRENT ASSETS
Stocks 144,214 98,360
Debtors 5 157,958 127,998
Cash at bank and in hand 56,486 47,018
358,658 273,376
CREDITORS
Amounts falling due within one year 6 448,390 460,969
NET CURRENT LIABILITIES (89,732 ) (187,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,825

8,703

PROVISIONS FOR LIABILITIES 19,168 -
NET ASSETS 45,657 8,703

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 44,657 7,703
45,657 8,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Tak Trading Limited (Registered number: 13227099)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





S Ezadi - Director


Tak Trading Limited (Registered number: 13227099)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tak Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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 year was 9 (2022 - 6 ) .

Tak Trading Limited (Registered number: 13227099)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 7,261 242,159 249,420
Additions 6,295 977 7,272
Disposals - (15,000 ) (15,000 )
At 28 February 2023 13,556 228,136 241,692
DEPRECIATION
At 1 March 2022 362 52,762 53,124
Charge for year 678 37,083 37,761
Eliminated on disposal - (3,750 ) (3,750 )
At 28 February 2023 1,040 86,095 87,135
NET BOOK VALUE
At 28 February 2023 12,516 142,041 154,557
At 28 February 2022 6,899 189,397 196,296

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 139,303 124,998
Other debtors 18,655 3,000
157,958 127,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 87,141 59,223
Taxation and social security 5,412 12,246
Other creditors 355,837 389,500
448,390 460,969