2 false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,921 10,091 12,012 1,684 2,065 3,749 8,263 237 xbrli:pure xbrli:shares iso4217:GBP 07217118 2022-05-01 2023-04-30 07217118 2023-04-30 07217118 2022-04-30 07217118 2021-05-01 2022-04-30 07217118 2022-04-30 07217118 2021-04-30 07217118 core:FurnitureFittings 2022-05-01 2023-04-30 07217118 bus:Director1 2022-05-01 2023-04-30 07217118 bus:Director2 2022-05-01 2023-04-30 07217118 core:FurnitureFittings 2022-04-30 07217118 core:FurnitureFittings 2023-04-30 07217118 core:WithinOneYear 2023-04-30 07217118 core:WithinOneYear 2022-04-30 07217118 core:ShareCapital 2023-04-30 07217118 core:ShareCapital 2022-04-30 07217118 core:RetainedEarningsAccumulatedLosses 2023-04-30 07217118 core:RetainedEarningsAccumulatedLosses 2022-04-30 07217118 core:FurnitureFittings 2022-04-30 07217118 bus:Director1 2022-04-30 07217118 bus:Director1 2023-04-30 07217118 bus:Director2 2022-04-30 07217118 bus:Director2 2023-04-30 07217118 bus:Director1 2021-04-30 07217118 bus:Director1 2022-04-30 07217118 bus:Director2 2021-04-30 07217118 bus:Director2 2022-04-30 07217118 bus:Director1 2021-05-01 2022-04-30 07217118 bus:Director2 2021-05-01 2022-04-30 07217118 bus:SmallEntities 2022-05-01 2023-04-30 07217118 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 07217118 bus:FullAccounts 2022-05-01 2023-04-30 07217118 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 07217118 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 07217118
Tarot Professionals Limited
Filleted Unaudited Financial Statements
30 April 2023
Tarot Professionals Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
8,263
237
Current assets
Stocks
6,232
Debtors
6
35,061
20,953
Investments
7
5,798
5,798
Cash at bank and in hand
36,830
382
------------
------------
83,921
27,133
Creditors: amounts falling due within one year
8
( 18,335)
( 6,742)
------------
------------
Net current assets
65,586
20,391
------------
------------
Total assets less current liabilities
73,849
20,628
------------
------------
Net assets
73,849
20,628
------------
------------
Tarot Professionals Limited
Statement of Financial Position (continued)
30 April 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
73,847
20,626
------------
------------
Shareholders funds
73,849
20,628
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 December 2023 , and are signed on behalf of the board by:
Mrs A Goodwin
Mr M Katz
Director
Director
Company registration number: 07217118
Tarot Professionals Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Wood Cottages, Old Windebrowe, Keswick, Cumbria, CA12 4NT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Depreciation
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 May 2022
1,921
1,921
Additions
10,091
10,091
------------
------------
At 30 April 2023
12,012
12,012
------------
------------
Depreciation
At 1 May 2022
1,684
1,684
Charge for the year
2,065
2,065
------------
------------
At 30 April 2023
3,749
3,749
------------
------------
Carrying amount
At 30 April 2023
8,263
8,263
------------
------------
At 30 April 2022
237
237
------------
------------
6. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
( 7,236)
( 7,236)
Other debtors
42,297
28,189
------------
------------
35,061
20,953
------------
------------
7. Investments
2023
2022
£
£
Other investments
5,798
5,798
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
17,473
5,880
Other creditors
862
862
------------
------------
18,335
6,742
------------
------------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs A Goodwin
13,681
20,599
( 13,681)
20,599
Mr M Katz
13,680
20,598
( 13,680)
20,598
------------
------------
------------
------------
27,361
41,197
( 27,361)
41,197
------------
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs A Goodwin
13,923
13,681
( 13,923)
13,681
Mr M Katz
13,923
13,680
( 13,923)
13,680
------------
------------
------------
------------
27,846
27,361
( 27,846)
27,361
------------
------------
------------
------------