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REGISTERED NUMBER: 05901322 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Tabs @ 42 Limited

Tabs @ 42 Limited (Registered number: 05901322)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tabs @ 42 Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: W Sweeney
Mrs J Sweeney





SECRETARY: W Sweeney





REGISTERED OFFICE: 42 Stimpson Avenue
Northampton
Northamptonshire
NN1 4LP





REGISTERED NUMBER: 05901322 (England and Wales)





ACCOUNTANTS: OSP Accountants & Business advisors
2-20 Booth Drive
Park Farm
Wellingborough
Northamptonshire
NN8 6GR

Tabs @ 42 Limited (Registered number: 05901322)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,408 77,784

CURRENT ASSETS
Debtors 5 346,664 261,338
Cash at bank and in hand 57,109 1,412
403,773 262,750
CREDITORS
Amounts falling due within one year 6 87,414 85,951
NET CURRENT ASSETS 316,359 176,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,767

254,583

CREDITORS
Amounts falling due after more than one
year

7

91,415

84,754
NET ASSETS 303,352 169,829

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 303,350 169,827
303,352 169,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Tabs @ 42 Limited (Registered number: 05901322)

Balance Sheet - continued
31 August 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





W Sweeney - Director


Tabs @ 42 Limited (Registered number: 05901322)

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

1. STATUTORY INFORMATION

Tabs @ 42 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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 35 ).

Tabs @ 42 Limited (Registered number: 05901322)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 362,228 88,309 450,537
Additions - 42,824 42,824
At 31 August 2023 362,228 131,133 493,361
DEPRECIATION
At 1 September 2022 302,009 70,744 372,753
Charge for year 34,217 7,983 42,200
At 31 August 2023 336,226 78,727 414,953
NET BOOK VALUE
At 31 August 2023 26,002 52,406 78,408
At 31 August 2022 60,219 17,565 77,784

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors - 20,278
Other debtors 211,664 141,060
211,664 161,338

Amounts falling due after more than one year:
Other debtors 135,000 100,000

Aggregate amounts 346,664 261,338

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts - 27,513
Trade creditors 1 3,779
Taxation and social security 75,338 49,960
Other creditors 12,075 4,699
87,414 85,951

Tabs @ 42 Limited (Registered number: 05901322)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 59,754 84,754
Hire purchase contracts 31,661 -
91,415 84,754