Relate AccountsProduction v2.7.2 v2.7.2 2022-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The sale of games and figurines 31 December 2023 1 1 NI663005 2023-07-31 NI663005 2022-07-31 NI663005 2021-07-31 NI663005 2022-08-01 2023-07-31 NI663005 2021-08-01 2022-07-31 NI663005 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 NI663005 uk-curr:PoundSterling 2022-08-01 2023-07-31 NI663005 uk-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 NI663005 uk-bus:FullAccounts 2022-08-01 2023-07-31 NI663005 uk-bus:Director1 2022-08-01 2023-07-31 NI663005 uk-bus:Agent1 2022-08-01 2023-07-31 NI663005 uk-core:ShareCapital 2023-07-31 NI663005 uk-core:ShareCapital 2022-07-31 NI663005 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI663005 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 NI663005 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 NI663005 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-07-31 NI663005 uk-bus:FRS102 2022-08-01 2023-07-31 NI663005 uk-core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 NI663005 uk-core:WithinOneYear 2023-07-31 NI663005 uk-core:WithinOneYear 2022-07-31 NI663005 2022-08-01 2023-07-31 NI663005 uk-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI663005
 
 
Tactical Retreat Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 July 2023
Tactical Retreat Ltd
DIRECTOR AND OTHER INFORMATION

 
Director Ian Quinn
 
 
Company Registration Number NI663005
 
 
Business Address Unit 2 20 Lisnabilla Road
Moira
Co. Down
BT67 0JW
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland



Tactical Retreat Ltd
Company Registration Number: NI663005
BALANCE SHEET
as at 31 July 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 2,751 3,209
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Current Assets
Stocks 5 22,500 29,800
Debtors 6 8,432 8,353
Cash and cash equivalents 890 230
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31,822 38,383
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Creditors: amounts falling due within one year 7 (33,887) (28,851)
───────── ─────────
Net Current (Liabilities)/Assets (2,065) 9,532
───────── ─────────
Total Assets less Current Liabilities 686 12,741
═════════ ═════════
 
Capital and Reserves
Called up share capital 20,000 20,000
Retained earnings (19,314) (7,259)
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Equity attributable to owners of the company 686 12,741
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 31 December 2023
           
________________________________          
Ian Quinn          
Director          
           



Tactical Retreat Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 July 2023

   
1. General Information
 
Tactical Retreat Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI663005. The registered office of the company is. The sale of games and figurines The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 July 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
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 except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1, (2022 - 1).
 
  2023 2022
  Number Number
 
Directors 1 1
  ═════════ ═════════
       
4. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 August 2022 4,583 4,583
  ───────── ─────────
 
At 31 July 2023 4,583 4,583
  ───────── ─────────
Depreciation
At 1 August 2022 1,374 1,374
Charge for the financial year 458 458
  ───────── ─────────
At 31 July 2023 1,832 1,832
  ───────── ─────────
Net book value
At 31 July 2023 2,751 2,751
  ═════════ ═════════
At 31 July 2022 3,209 3,209
  ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Finished goods and goods for resale 22,500 29,800
  ═════════ ═════════
       
6. Debtors 2023 2022
  £ £
 
Taxation 8,432 8,353
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Director's current account 33,182 27,281
Accruals 705 1,570
  ───────── ─────────
  33,887 28,851
  ═════════ ═════════
       
8. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2023.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.