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REGISTERED NUMBER: 07318360















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Tacklewave Limited

Tacklewave Limited (Registered number: 07318360)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tacklewave Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M L Fulmer
Mrs G Fulmer





REGISTERED OFFICE: 77 Portland Road
Weymouth
Dorset
DT4 9BE





REGISTERED NUMBER: 07318360





ACCOUNTANTS: RWB Tax Consultants Limited
G8 Lynch Lane Offices
Lynch Lane
Weymouth
Dorset
DT4 9DN

Tacklewave Limited (Registered number: 07318360)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,428 39,833

CURRENT ASSETS
Stocks 299,150 249,100
Cash at bank and in hand 91,982 57,927
391,132 307,027
CREDITORS
Amounts falling due within one year 5 85,717 70,206
NET CURRENT ASSETS 305,415 236,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,843

276,654

CREDITORS
Amounts falling due after more than one
year

6

(20,435

)

(26,334

)

PROVISIONS FOR LIABILITIES (8,063 ) (425 )
NET ASSETS 307,345 249,895

CAPITAL AND RESERVES
Called up share capital 7 102 102
Retained earnings 307,243 249,793
SHAREHOLDERS' FUNDS 307,345 249,895

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

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

Tacklewave Limited (Registered number: 07318360)

Balance Sheet - continued
31 July 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 31 January 2024 and were signed on its behalf by:





M L Fulmer - Director


Tacklewave Limited (Registered number: 07318360)

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

1. STATUTORY INFORMATION

Tacklewave Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tacklewave Limited (Registered number: 07318360)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 2,279 6,408 47,348 1,480 57,515
Additions 330 - - - 330
At 31 July 2023 2,609 6,408 47,348 1,480 57,845
DEPRECIATION
At 1 August 2022 424 4,816 11,837 605 17,682
Charge for year 329 239 8,878 289 9,735
At 31 July 2023 753 5,055 20,715 894 27,417
NET BOOK VALUE
At 31 July 2023 1,856 1,353 26,633 586 30,428
At 31 July 2022 1,855 1,592 35,511 875 39,833

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 5,898 5,212
Trade creditors 13,714 5,765
Tax 26,933 12,750
Social security and other taxes 1,549 3,527
Pension Control 197 -
VAT 7,900 6,266
Directors' current accounts 27,626 35,886
Accrued expenses 1,900 800
85,717 70,206

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 20,435 26,334

Tacklewave Limited (Registered number: 07318360)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued
and fully paid:

Number: Class: Nominal value: 31.07.19 31.07.18

2 Ordinary £1 2 2
25 A ordinary £1 25 25
25 B ordinary £1 25 25
25 C ordinary £1 50 50
102 102

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M & Mrs G Fulmer.