TOMAHAWK TECH UK LIMITED Filleted Accounts Cover
TOMAHAWK TECH UK LIMITED
Company No. 10918178
Information for Filing with The Registrar
31 August 2023
TOMAHAWK TECH UK LIMITED Balance Sheet Registrar
at
31 August 2023
Company No.
10918178
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
45,63832,534
45,63832,534
Current assets
Debtors
5
3503,589
Cash at bank and in hand
61-
4113,589
Creditors: Amount falling due within one year
6
(13,137)
(17,597)
Net current liabilities
(12,726)
(14,008)
Total assets less current liabilities
32,91218,526
Creditors: Amounts falling due after more than one year
7
(26,311)
(17,850)
Net assets
6,601676
Capital and reserves
Called up share capital
100100
Profit and loss account
10
6,501576
Total equity
6,601676
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 December 2023 and signed on its behalf by:
P. Whitcombe
Director
29 December 2023
TOMAHAWK TECH UK LIMITED Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
TOMAHAWK TECH UK LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10918178
Its registered office is:
39 Plough Lane
Drayton
Abingdon
England
OX14 4GJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Straight line
Motor vehicles
25% Reducing balance
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 September 2022
36,48133,6557,35177,487
Additions
4,08533,06547937,629
Disposals
(12,148)
(33,655)
-
(45,803)
At 31 August 2023
28,41833,0657,83069,313
Depreciation
At 1 September 2022
21,08820,0483,81744,953
Charge for the year
6,9342,0671,91710,918
Disposals
(12,148)
(20,048)
-
(32,196)
At 31 August 2023
15,8742,0675,73423,675
Net book values
At 31 August 2023
12,54430,9982,09645,638
At 31 August 2022
15,393
13,607
3,534
32,534
5
Debtors
2023
2022
£
£
Loans to directors
-2,655
Prepayments and accrued income
350934
3503,589
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
3,6133,524
Other loans
-242
Obligations under finance lease and hire purchase contracts
2,8934,844
Taxes and social security
6,375
8,987
Loans from directors
256-
13,13717,597
7
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
6,86210,475
Obligations under finance lease and hire purchase contracts
19,4497,375
26,31117,850
8
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
22,34212,219
9
Share Capital
100 fully paid Ordinary shares of £1 each.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Contingent Assets/Liabilities
The directors were not aware of the existence of any contingent liabilities at the year end.
12
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
35,000
31,500
35,000
31,500
Dividends by type:
Equity dividends
35,00031,500
35,000
31,500
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