Registered number
10158800
TASCA STONE LTD
Filleted Accounts
31 May 2023
TASCA STONE LTD
Registered number: 10158800
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 450 549
Current assets
Stocks 34,460 31,245
Debtors 4 30,066 92,873
Cash at bank and in hand 6,623 7,873
71,149 131,991
Creditors: amounts falling due within one year 5 (89,784) (42,748)
Net current (liabilities)/assets (18,635) 89,243
Total assets less current liabilities (18,185) 89,792
Creditors: amounts falling due after more than one year 6 (120,160) (129,490)
Net liabilities (138,345) (39,698)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (188,345) (89,698)
Shareholders' funds (138,345) (39,698)
The director is 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 director acknowledges his 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.
Abdullah Adanali
Director
Approved by the board on 14 February 2024
TASCA STONE LTD
Notes to the Accounts
for the year ended 31 May 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 (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 June 2022 1,838
At 31 May 2023 1,838
Depreciation
At 1 June 2022 1,289
Charge for the year 99
At 31 May 2023 1,388
Net book value
At 31 May 2023 450
At 31 May 2022 549
4 Debtors 2023 2022
£ £
Trade debtors 863 3,566
Deposit, prepayments & other debtors 29,203 89,307
30,066 92,873
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,847 9,036
Other taxes and social security costs - 2,057
Accrued expenses & other creditors 73,937 31,655
89,784 42,748
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,077 14,956
Other creditors 111,083 114,534
120,160 129,490
7 Other information
TASCA STONE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 004
132-134 Lots Road
SW10 0RJ
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