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REGISTERED NUMBER: 11340898 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Tams Products Limited

Tams Products Limited (Registered number: 11340898)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tams Products Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S.P. Tammadge Esq.
Mrs E M Tammadge





REGISTERED OFFICE: Tamsels High View,
Crouch Lane,
Goffs Oak,
Waltham Cross
Hertfordshire
EN7 6TH





REGISTERED NUMBER: 11340898 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Tams Products Limited (Registered number: 11340898)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 611,809 612,344

CURRENT ASSETS
Debtors 10,440 4,406
Cash at bank 40,775 27,722
51,215 32,128
CREDITORS
Amounts falling due within one year 577,274 591,160
NET CURRENT LIABILITIES (526,059 ) (559,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,750

53,312

PROVISIONS FOR LIABILITIES 5 369 470
NET ASSETS 85,381 52,842

CAPITAL AND RESERVES
Called up share capital 6 467 467
Share premium 19,833 19,833
Retained earnings 65,081 32,542
SHAREHOLDERS' FUNDS 85,381 52,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Tams Products Limited (Registered number: 11340898)

Abridged Balance Sheet - continued
31 May 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





S.P. Tammadge Esq. - Director


Tams Products Limited (Registered number: 11340898)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Tams Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

Tams Products Limited (Registered number: 11340898)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 614,481
DEPRECIATION
At 1 June 2022 2,137
Charge for year 535
At 31 May 2023 2,672
NET BOOK VALUE
At 31 May 2023 611,809
At 31 May 2022 612,344

5. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 369 470

Deferred
tax
£   
Balance at 1 June 2022 470
Provided during year (101 )
Balance at 31 May 2023 369

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
167 Ordinary £1 167 167
100 A £1 100 100
100 B £1 100 100
100 C £1 100 100
467 467