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REGISTERED NUMBER: 11054126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

THE TANNIN LEVEL LTD

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE TANNIN LEVEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J P Roberts
S Roberts





REGISTERED OFFICE: 5 Raglan Street
Harrogate
North Yorkshire
HG1 1LE





REGISTERED NUMBER: 11054126 (England and Wales)





ACCOUNTANTS: Highdale Accounting Ltd
Highdale Cottage
217 Barnsley Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8TS

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 21,940 35,104
21,941 35,105

CURRENT ASSETS
Inventories 7,120 6,900
Debtors 6 81,931 25,235
Cash at bank and in hand 22,374 53,178
111,425 85,313
CREDITORS
Amounts falling due within one year 7 105,483 81,017
NET CURRENT ASSETS 5,942 4,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,883

39,401

CREDITORS
Amounts falling due after more than one
year

8

33,283

38,995
NET (LIABILITIES)/ASSETS (5,400 ) 406

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,402 ) 404
(5,400 ) 406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 16 August 2024 and were signed on its behalf by:





J P Roberts - Director


THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

The Tannin Level Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on cost

Stocks
Inventories 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.


THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
The accrual model has been adopted for grants received and are classified as revenue-based grant income.

Going concern
The financial statements have been prepared on a going concern basis. At the time of approval, the UK economy was subject to the impact of the coronavirus pandemic outbreak. Projections and forecasts have been prepared on a number of underlying assumptions, which are subject to significant uncertainty at this time. These show that the expected income and expenditure, together with current reserves and the possibility of obtaining potential funding allows the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 1
NET BOOK VALUE
At 30 November 2023 1
At 30 November 2022 1

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 23,526 62,642 1,699 87,867
Additions 374 - - 374
At 30 November 2023 23,900 62,642 1,699 88,241
DEPRECIATION
At 1 December 2022 5,637 46,866 260 52,763
Charge for year 3,581 9,396 561 13,538
At 30 November 2023 9,218 56,262 821 66,301
NET BOOK VALUE
At 30 November 2023 14,682 6,380 878 21,940
At 30 November 2022 17,889 15,776 1,439 35,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 81,931 25,235

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,712 5,571
Trade creditors 43,629 31,452
Taxation and social security 48,483 39,510
Other creditors 7,659 4,484
105,483 81,017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,283 38,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,482 8,954

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 26,306 26,306
Between one and five years 105,224 105,224
In more than five years 236,754 263,060
368,284 394,590

10. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
J P Roberts and S Roberts
Balance outstanding at start of year (20,458 ) (19,085 )
Amounts advanced 47,218 56,741
Amounts repaid (107,779 ) (58,114 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81,019 ) (20,458 )

12. RELATED PARTY DISCLOSURES

The amount due to the company from the directors at the year end is £81,490, of which £81,500 has been repaid since the year end. Last year the loan was fully repaid within nine months of the year end.

13. GOING CONCERN

The director considers the use of the going concern basis of accounting an appropriate method, as there are no material uncertainties related to events or conditions that may cast significant doubt over the ability of the company to continue as a going concern.