2022-09-012023-08-312023-08-31false07355302TIVARRI LIMITED2024-02-07iso4217:GBPxbrli:pure073553022022-09-01073553022023-08-31073553022022-09-012023-08-31073553022021-09-01073553022022-08-31073553022021-09-012022-08-3107355302bus:SmallEntities2022-09-012023-08-3107355302bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3107355302bus:FullAccounts2022-09-012023-08-3107355302bus:PrivateLimitedCompanyLtd2022-09-012023-08-3107355302core:WithinOneYear2023-08-3107355302core:AfterOneYear2023-08-3107355302core:WithinOneYear2022-08-3107355302core:AfterOneYear2022-08-3107355302core:ShareCapital2023-08-3107355302core:SharePremium2023-08-3107355302core:RevaluationReserve2023-08-3107355302core:OtherReservesSubtotal2023-08-3107355302core:RetainedEarningsAccumulatedLosses2023-08-3107355302core:ShareCapital2022-08-3107355302core:SharePremium2022-08-3107355302core:RevaluationReserve2022-08-3107355302core:OtherReservesSubtotal2022-08-3107355302core:RetainedEarningsAccumulatedLosses2022-08-3107355302core:LandBuildings2023-08-3107355302core:PlantMachinery2023-08-3107355302core:Vehicles2023-08-3107355302core:FurnitureFittings2023-08-3107355302core:OfficeEquipment2023-08-3107355302core:NetGoodwill2023-08-3107355302core:IntangibleAssetsOtherThanGoodwill2023-08-3107355302core:ListedExchangeTraded2023-08-3107355302core:UnlistedNon-exchangeTraded2023-08-3107355302core:LandBuildings2022-08-3107355302core:PlantMachinery2022-08-3107355302core:Vehicles2022-08-3107355302core:FurnitureFittings2022-08-3107355302core:OfficeEquipment2022-08-3107355302core:NetGoodwill2022-08-3107355302core:IntangibleAssetsOtherThanGoodwill2022-08-3107355302core:ListedExchangeTraded2022-08-3107355302core:UnlistedNon-exchangeTraded2022-08-3107355302core:LandBuildings2022-09-012023-08-3107355302core:PlantMachinery2022-09-012023-08-3107355302core:Vehicles2022-09-012023-08-3107355302core:FurnitureFittings2022-09-012023-08-3107355302core:OfficeEquipment2022-09-012023-08-3107355302core:NetGoodwill2022-09-012023-08-3107355302core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3107355302core:ListedExchangeTraded2022-09-012023-08-3107355302core:UnlistedNon-exchangeTraded2022-09-012023-08-3107355302core:MoreThanFiveYears2022-09-012023-08-3107355302core:Non-currentFinancialInstruments2023-08-3107355302core:Non-currentFinancialInstruments2022-08-3107355302dpl:CostSales2022-09-012023-08-3107355302dpl:DistributionCosts2022-09-012023-08-3107355302core:LandBuildings2022-09-012023-08-3107355302core:PlantMachinery2022-09-012023-08-3107355302core:Vehicles2022-09-012023-08-3107355302core:FurnitureFittings2022-09-012023-08-3107355302core:OfficeEquipment2022-09-012023-08-3107355302dpl:AdministrativeExpenses2022-09-012023-08-3107355302core:NetGoodwill2022-09-012023-08-3107355302core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3107355302dpl:GroupUndertakings2022-09-012023-08-3107355302dpl:ParticipatingInterests2022-09-012023-08-3107355302dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3107355302core:ListedExchangeTraded2022-09-012023-08-3107355302dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3107355302core:UnlistedNon-exchangeTraded2022-09-012023-08-3107355302dpl:CostSales2021-09-012022-08-3107355302dpl:DistributionCosts2021-09-012022-08-3107355302core:LandBuildings2021-09-012022-08-3107355302core:PlantMachinery2021-09-012022-08-3107355302core:Vehicles2021-09-012022-08-3107355302core:FurnitureFittings2021-09-012022-08-3107355302core:OfficeEquipment2021-09-012022-08-3107355302dpl:AdministrativeExpenses2021-09-012022-08-3107355302core:NetGoodwill2021-09-012022-08-3107355302core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3107355302dpl:GroupUndertakings2021-09-012022-08-3107355302dpl:ParticipatingInterests2021-09-012022-08-3107355302dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3107355302core:ListedExchangeTraded2021-09-012022-08-3107355302dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3107355302core:UnlistedNon-exchangeTraded2021-09-012022-08-3107355302core:NetGoodwill2023-08-3107355302core:IntangibleAssetsOtherThanGoodwill2023-08-3107355302core:LandBuildings2023-08-3107355302core:PlantMachinery2023-08-3107355302core:Vehicles2023-08-3107355302core:FurnitureFittings2023-08-3107355302core:OfficeEquipment2023-08-3107355302core:AfterOneYear2023-08-3107355302core:WithinOneYear2023-08-3107355302core:ListedExchangeTraded2023-08-3107355302core:UnlistedNon-exchangeTraded2023-08-3107355302core:ShareCapital2023-08-3107355302core:SharePremium2023-08-3107355302core:RevaluationReserve2023-08-3107355302core:OtherReservesSubtotal2023-08-3107355302core:RetainedEarningsAccumulatedLosses2023-08-3107355302core:NetGoodwill2022-08-3107355302core:IntangibleAssetsOtherThanGoodwill2022-08-3107355302core:LandBuildings2022-08-3107355302core:PlantMachinery2022-08-3107355302core:Vehicles2022-08-3107355302core:FurnitureFittings2022-08-3107355302core:OfficeEquipment2022-08-3107355302core:AfterOneYear2022-08-3107355302core:WithinOneYear2022-08-3107355302core:ListedExch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TIVARRI LIMITED

Registered Number
07355302
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

TIVARRI LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

PONSFORD, Keith Leslie
PONSFORD, Simon

Registered Address

28 Victoria Buildings
Bath
BA2 3EH

Registered Number

07355302 (England and Wales)
TIVARRI LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets616,62818,603
Tangible assets734,11638,390
Investments8704,828-
755,57256,993
Current assets
Debtors9111,058135,152
Current asset investments18,97018,970
Cash at bank and on hand835,826984,111
965,8541,138,233
Creditors amounts falling due within one year10(397,876)(145,051)
Net current assets (liabilities)567,978993,182
Total assets less current liabilities1,323,5501,050,175
Provisions for liabilities11(8,529)(7,294)
Net assets1,315,0211,042,881
Capital and reserves
Called up share capital10,00010,000
Profit and loss account1,305,0211,032,881
Shareholders' funds1,315,0211,042,881
The financial statements were approved and authorised for issue by the Board of Directors on 7 February 2024, and are signed on its behalf by:
PONSFORD, Simon
Director
Registered Company No. 07355302
TIVARRI LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is that of IT subscription based services and low powered computer sales.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Vehicles25-
Office Equipment-2
Intangible assets policy
Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite life and are carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Trademarks - 10% straight line Patents - 5% straight line Licenses - over 2 or 3 years depending on license life
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year85
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 22100,530100,530
Additions12,97812,978
Disposals(27,740)(27,740)
At 31 August 2385,76885,768
Amortisation and impairment
At 01 September 2281,92781,927
Charge for year12,18112,181
On disposals(24,968)(24,968)
At 31 August 2369,14069,140
Net book value
At 31 August 2316,62816,628
At 31 August 2218,60318,603
7.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 September 222,79729,82110,56641,54884,732
Additions--1,67510,87812,553
At 31 August 232,79729,82112,24152,42697,285
Depreciation and impairment
At 01 September 221,4097,4555,62631,85246,342
Charge for year3475,5911,4679,42216,827
At 31 August 231,75613,0467,09341,27463,169
Net book value
At 31 August 231,04116,7755,14811,15234,116
At 31 August 221,38822,3664,9409,69638,390
8.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
Additions704,828704,828
At 31 August 23704,828704,828
Net book value
At 31 August 23704,828704,828
At 31 August 22--

Notes

1Investments in group undertakings and participating interests
9.Debtors

2023

2022

££
Trade debtors / trade receivables84,208109,794
Prepayments and accrued income26,85025,358
Total111,058135,152
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,95327,383
Taxation and social security91,59686,917
Other creditors254,3339,707
Accrued liabilities and deferred income41,99421,044
Total397,876145,051
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.
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)8,5297,294
Total8,5297,294