Registered number
12232367
Tum Somnum Ltd
Unaudited Filleted Accounts
30 September 2023
Tum Somnum Ltd
Registered number: 12232367
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,719 4,597
Current assets
Cash at bank and in hand 61,894 50,125
Creditors: amounts falling due within one year 4 (4,530) (4,413)
Net current assets 57,364 45,712
Net assets 62,083 50,309
Capital and reserves
Share premium 100 100
Profit and loss account 61,983 50,209
Shareholders' funds 62,083 50,309
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kenneth Palmer
Director
Approved by the board on 20 March 2024
Tum Somnum Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 7,171
Additions 2,656
Disposals (949)
At 30 September 2023 8,878
Depreciation
At 1 October 2022 2,574
Charge for the year 1,965
On disposals (380)
At 30 September 2023 4,159
Net book value
At 30 September 2023 4,719
At 30 September 2022 4,597
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 13 13
Taxation and social security costs 3,717 3,613
Other creditors 800 787
4,530 4,413
5 Other information
Tum Somnum Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Chapps Farmhouse
Slaughterford Mill
Slaughterford
Chippenham
SN14 8RJ
Tum Somnum Ltd 12232367 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 Kenneth Palmer No description of principal activity 12232367 2021-10-01 2022-09-30 12232367 core:WithinOneYear 2022-09-30 12232367 core:SharePremium 2022-09-30 12232367 core:RetainedEarningsAccumulatedLosses 2022-09-30 12232367 2022-10-01 2023-09-30 12232367 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12232367 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12232367 bus:Director40 2022-10-01 2023-09-30 12232367 1 2022-10-01 2023-09-30 12232367 2 2022-10-01 2023-09-30 12232367 core:PlantMachinery 2022-10-01 2023-09-30 12232367 countries:England 2022-10-01 2023-09-30 12232367 bus:FRS102 2022-10-01 2023-09-30 12232367 bus:FullAccounts 2022-10-01 2023-09-30 12232367 2023-09-30 12232367 core:WithinOneYear 2023-09-30 12232367 core:SharePremium 2023-09-30 12232367 core:RetainedEarningsAccumulatedLosses 2023-09-30 12232367 core:PlantMachinery 2023-09-30 12232367 2022-09-30 12232367 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure