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Company Registration No. 12028942 (England and Wales)
Tai Chi Branch Ma Limited Unaudited accounts for the year ended 30 June 2023
Tai Chi Branch Ma Limited Unaudited accounts Contents
Page
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Tai Chi Branch Ma Limited Company Information for the year ended 30 June 2023
Director
Matthew Ackroyd
Company Number
12028942 (England and Wales)
Registered Office
165 High Street Honiton Devon EX14 1LQ
Accountants
Griffin 165 High Street Honiton Devon EX14 1LQ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tai Chi Branch Ma Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tai Chi Branch Ma Limited for the year ended 30 June 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Tai Chi Branch Ma Limited, as a body, in accordance with the terms of our engagement letter dated 17 January 2023. Our work has been undertaken solely to prepare for your approval the accounts of Tai Chi Branch Ma Limited and state those matters that we have agreed to state to the Board of Directors of Tai Chi Branch Ma Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tai Chi Branch Ma Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tai Chi Branch Ma Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tai Chi Branch Ma Limited. You consider that Tai Chi Branch Ma Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Tai Chi Branch Ma Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Griffin Chartered Accountants 165 High Street Honiton Devon EX14 1LQ 25 January 2024
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Tai Chi Branch Ma Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
80 
107 
Current assets
Debtors
8,273 
1,187 
Cash at bank and in hand
4,165 
11,231 
12,438 
12,418 
Creditors: amounts falling due within one year
(12,418)
(12,425)
Net current assets/(liabilities)
20 
(7)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2024 and were signed on its behalf by
Matthew Ackroyd Director Company Registration No. 12028942
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Tai Chi Branch Ma Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Tai Chi Branch Ma Limited is a private company, limited by shares, registered in England and Wales, registration number 12028942. The registered office is 165 High Street, Honiton, Devon, EX14 1LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Accounting basis
The accounts have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accounting Practice.
Going concern
The director confirms that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
3 years
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount. Prepayments are valued at the amount prepaid net of any trade discount due.
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Tai Chi Branch Ma Limited Notes to the Accounts for the year ended 30 June 2023
Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
134 
220 
354 
At 30 June 2023
134 
220 
354 
Depreciation
At 1 July 2022
27 
220 
247 
Charge for the year
27 
- 
27 
At 30 June 2023
54 
220 
274 
Net book value
At 30 June 2023
80 
- 
80 
At 30 June 2022
107 
- 
107 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
690 
680 
Other debtors
7,583 
507 
8,273 
1,187 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
919 
3,862 
Accruals
1,147 
1,071 
Deferred income
10,352 
7,492 
12,418 
12,425 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan Account
327 
15,388 
8,312 
7,403 
327 
15,388 
8,312 
7,403 
At the year end the director owed the company £7,403 (2022: £327). No interest is being charged on this amount and the balance is payable within a year.
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Tai Chi Branch Ma Limited Notes to the Accounts for the year ended 30 June 2023
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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