IRIS Accounts Production v23.3.1.45 02661378 director 1.3.23 28.2.24 28.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure026613782023-02-28026613782024-02-28026613782023-03-012024-02-28026613782022-02-28026613782022-03-012023-02-28026613782023-02-2802661378ns16:EnglandWales2023-03-012024-02-2802661378ns15:PoundSterling2023-03-012024-02-2802661378ns11:Director12023-03-012024-02-2802661378ns11:PrivateLimitedCompanyLtd2023-03-012024-02-2802661378ns11:SmallEntities2023-03-012024-02-2802661378ns11:AuditExempt-NoAccountantsReport2023-03-012024-02-2802661378ns11:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2802661378ns11:SmallCompaniesRegimeForAccounts2023-03-012024-02-2802661378ns11:FullAccounts2023-03-012024-02-2802661378ns11:RegisteredOffice2023-03-012024-02-2802661378ns6:CurrentFinancialInstruments2024-02-2802661378ns6:CurrentFinancialInstruments2023-02-2802661378ns6:ShareCapital2024-02-2802661378ns6:ShareCapital2023-02-2802661378ns6:RetainedEarningsAccumulatedLosses2024-02-2802661378ns6:RetainedEarningsAccumulatedLosses2023-02-2802661378ns6:ShortLeaseholdAssetsns6:LandBuildings2023-03-012024-02-2802661378ns6:PlantMachinery2023-03-012024-02-2802661378ns6:FurnitureFittings2023-03-012024-02-2802661378ns6:MotorVehicles2023-03-012024-02-2802661378ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-2802661378ns6:PlantMachinery2023-02-2802661378ns6:FurnitureFittings2023-02-2802661378ns6:MotorVehicles2023-02-2802661378ns6:ShortLeaseholdAssetsns6:LandBuildings2024-02-2802661378ns6:PlantMachinery2024-02-2802661378ns6:FurnitureFittings2024-02-2802661378ns6:MotorVehicles2024-02-2802661378ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-2802661378ns6:PlantMachinery2023-02-2802661378ns6:FurnitureFittings2023-02-2802661378ns6:MotorVehicles2023-02-28
REGISTERED NUMBER: 02661378 (England and Wales)















Unaudited Financial Statements For The Year Ended 28th February 2024

for

Tavoussi Limited

Tavoussi Limited (Registered number: 02661378)






Contents of the Financial Statements
For The Year Ended 28th February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Tavoussi Limited

Company Information
For The Year Ended 28th February 2024







DIRECTOR: E Tavoussi





REGISTERED OFFICE: 51A High Street
Southwold
Suffolk
IP18 6DJ





REGISTERED NUMBER: 02661378 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

Tavoussi Limited (Registered number: 02661378)

Statement of Financial Position
28th February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 17,293

CURRENT ASSETS
Stocks - 1,175
Debtors 5 1,527 -
Cash at bank 4,527 39,010
6,054 40,185
CREDITORS
Amounts falling due within one year 6 13,192 25,430
NET CURRENT (LIABILITIES)/ASSETS (7,138 ) 14,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,138

)

32,048

PROVISIONS FOR LIABILITIES - 3,979
NET (LIABILITIES)/ASSETS (7,138 ) 28,069

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (8,138 ) 27,069
SHAREHOLDERS' FUNDS (7,138 ) 28,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tavoussi Limited (Registered number: 02661378)

Statement of Financial Position - continued
28th February 2024


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 director and authorised for issue on 21st March 2024 and were signed by:





E Tavoussi - Director


Tavoussi Limited (Registered number: 02661378)

Notes to the Financial Statements
For The Year Ended 28th February 2024

1. STATUTORY INFORMATION

Tavoussi 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Short leasehold - straight line over the lease term
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Tavoussi Limited (Registered number: 02661378)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st March 2023 4,965 57,011 1,882 15,270 79,128
Disposals (4,965 ) (57,011 ) (1,882 ) (15,270 ) (79,128 )
At 28th February 2024 - - - - -
DEPRECIATION
At 1st March 2023 2,979 43,834 1,392 13,630 61,835
Eliminated on disposal (2,979 ) (43,834 ) (1,392 ) (13,630 ) (61,835 )
At 28th February 2024 - - - - -
NET BOOK VALUE
At 28th February 2024 - - - - -
At 28th February 2023 1,986 13,177 490 1,640 17,293

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors 1,527 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Social security and other taxes - 788
Other creditors - 16,757
Directors' current accounts 13,192 6,405
Accrued expenses - 1,480
13,192 25,430

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

The net change during the accounting period and the amount outstanding at the end of the accounting period due to the director is disclosed in the creditors note in the financial statements. This loan is interest free and has no repayment date.

The controlling party is E Tavoussi.