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2022-07-01
Sage Accounts Production 21.0 - FRS102_2021
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2023-06-30
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2022-06-30
08538757
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2022-06-30
08538757
2022-06-30
08538757
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2022-06-30
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2022-06-30
08538757
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2023-06-30
08538757
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2023-06-30
08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2022-06-30
08538757
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2023-06-30
08538757
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08538757
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2023-06-30
08538757
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2022-06-30
08538757
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2022-06-30
08538757
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2023-06-30
Company registration number:
08538757
Tagine Zhor Ltd
Unaudited filleted financial statements
30 June 2023
Tagine Zhor Ltd
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
Tagine Zhor Ltd
Directors and other information
|
|
|
|
Director |
M Benjelloun |
|
|
|
|
|
|
|
Company number |
08538757 |
|
|
|
|
|
|
|
Registered office |
1a North Parade |
|
|
Bath |
|
|
BA1 1LF |
|
|
|
|
|
|
|
Accountant |
Leslie, Ward & Drew |
|
|
Temple Court |
|
|
8 The Causeway |
|
|
Chippenham |
|
|
Wiltshire |
|
|
SN15 3BT |
|
|
|
Tagine Zhor Ltd
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Tagine Zhor Ltd
Year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Tagine Zhor Ltd for the year ended 30 June 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Tagine Zhor Ltd, as a body, in accordance with the terms of my engagement letter dated 23 August 2019. My work has been undertaken solely to prepare for your approval the financial statements of Tagine Zhor Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Tagine Zhor Ltd and its director as a body for my work or for this report.
It is your duty to ensure that Tagine Zhor Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tagine Zhor Ltd. You consider that Tagine Zhor Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Tagine Zhor Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Leslie, Ward & Drew
Chartered Accountants & Chartered Tax Advisers
Temple Court
8 The Causeway
Chippenham
Wiltshire
SN15 3BT
6 November 2023
Tagine Zhor Ltd
Statement of financial position
30 June 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
3,487 |
|
|
|
3,886 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
3,487 |
|
|
|
3,886 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
9,192 |
|
|
|
8,757 |
|
|
Debtors |
|
6 |
44,505 |
|
|
|
61,329 |
|
|
Cash at bank and in hand |
|
|
9,182 |
|
|
|
56,014 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
62,879 |
|
|
|
126,100 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
41,462) |
|
|
|
(
66,626) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
21,417 |
|
|
|
59,474 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
24,904 |
|
|
|
63,360 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
24,186) |
|
|
|
(
33,832) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
9 |
|
|
(
662) |
|
|
|
(
738) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
56 |
|
|
|
28,790 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
200 |
|
|
|
200 |
Profit and loss account |
|
|
|
|
(
144) |
|
|
|
28,590 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholder funds |
|
|
|
|
56 |
|
|
|
28,790 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 June 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 member has 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the
board of directors
and authorised for issue on
06 November 2023
, and are signed on behalf of the board by:
M Benjelloun
Director
Company registration number:
08538757
Tagine Zhor Ltd
Notes to the financial statements
Year ended 30 June 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 1a North Parade, Bath, BA1 1LF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:
|
|
|
|
|
|
Short leasehold property |
- |
10 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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 stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2022:
8
).
5.
Tangible assets
|
|
Short leasehold property |
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 July 2022 and 30 June 2023 |
9,030 |
12,703 |
21,733 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 July 2022 |
5,144 |
12,703 |
17,847 |
|
|
|
|
|
Charge for the year |
399 |
- |
399 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2023 |
5,543 |
12,703 |
18,246 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 June 2023 |
3,487 |
- |
3,487 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
At 30 June 2022 |
3,886 |
- |
3,886 |
|
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
44,505 |
61,329 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
10,648 |
10,648 |
|
Trade creditors |
|
3,094 |
2,633 |
|
Social security and other taxes |
|
16,331 |
19,302 |
|
Other creditors |
|
11,389 |
34,043 |
|
|
|
_______ |
_______ |
|
|
|
41,462 |
66,626 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
24,186 |
33,832 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Provisions
|
|
Deferred tax (note 10) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 July 2022 and 30 June 2023 |
662 |
662 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Included in provisions (note 9) |
|
662 |
738 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
(
662) |
(
738) |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
M Benjelloun |
36,689 |
(
12,895) |
23,794 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
M Benjelloun |
71,136 |
(
34,447) |
36,689 |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
The director pays interest at 2%/2.5% per annum on the loan from the company.