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COMPANY REGISTRATION NUMBER: 13092011
TARN INTERNATIONAL LTD
Filleted Unaudited Financial Statements
31 December 2023
TARN INTERNATIONAL LTD
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
21,038
1,543
Current assets
Debtors
6
53,283
4,610
Cash at bank and in hand
57,909
245,830
---------
---------
111,192
250,440
Creditors: amounts falling due within one year
7
8,530
102,740
---------
---------
Net current assets
102,662
147,700
---------
---------
Total assets less current liabilities
123,700
149,243
---------
---------
Net assets
123,700
149,243
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
123,699
149,242
---------
---------
Shareholders funds
123,700
149,243
---------
---------
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 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
TARN INTERNATIONAL LTD
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 February 2024 , and are signed on behalf of the board by:
Miss Katie Fuller
Director
Company registration number: 13092011
TARN INTERNATIONAL LTD
Notes to the Financial Statements
Year ended 31 December 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 136 St Albans Road, Watford, WD24 4FT.
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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:
Motor vehicles
-
20% straight line
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 4 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 January 2023
2,851
2,851
Additions
25,260
25,260
--------
-------
--------
At 31 December 2023
25,260
2,851
28,111
--------
-------
--------
Depreciation
At 1 January 2023
1,308
1,308
Charge for the year
5,052
713
5,765
--------
-------
--------
At 31 December 2023
5,052
2,021
7,073
--------
-------
--------
Carrying amount
At 31 December 2023
20,208
830
21,038
--------
-------
--------
At 31 December 2022
1,543
1,543
--------
-------
--------
6. Debtors
2023
2022
£
£
Other debtors
53,283
4,610
--------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,227
Corporation tax
42,335
Social security and other taxes
8,530
17,713
Other creditors
41,465
-------
---------
8,530
102,740
-------
---------
8. Financial instruments
There are no financial instruments requiring further disclosure.
9. Director's advances, credits and guarantees
There are no transactions with the directors requiring further disclosure.