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Registered number: 06029133










TACTICAL DIRECT MAILING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TACTICAL DIRECT MAILING LTD
REGISTERED NUMBER: 06029133

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors
 6 
2,560
1,602

Cash at bank and in hand
 7 
13,173
16,534

  
15,733
18,136

Creditors: amounts falling due within one year
 8 
(1,840)
(1,860)

Net current assets
  
 
 
13,893
 
 
16,276

Total assets less current liabilities
  
13,893
16,276

  

Net assets
  
13,893
16,276


Capital and reserves
  

Called up share capital 
 9 
4
4

Profit and loss account
  
13,889
16,272

  
13,893
16,276


Page 1

 
TACTICAL DIRECT MAILING LTD
REGISTERED NUMBER: 06029133
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Heer
J A Clutterbuck
Director
Director


Date: 22 August 2024
Date:22 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TACTICAL DIRECT MAILING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Tactical Direct Mailing Limited is a private company limited by shares incorporated in England. The principal place of business is Riverside, 85-87 Holtspur Lane, Wooburn Green, High Wycombe, Bucks, HP10 0AU. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
%
Over 3 years

Page 3

 
TACTICAL DIRECT MAILING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
20%
Fixtures & fittings
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 4

 
TACTICAL DIRECT MAILING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
47,055



At 30 November 2023

47,055



Amortisation


At 1 December 2022
47,055



At 30 November 2023

47,055



Net book value



At 30 November 2023
-



At 30 November 2022
-



Page 5

 
TACTICAL DIRECT MAILING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
40,000
1,525
3,388
44,913


Disposals
-
(1,525)
(3,388)
(4,913)



At 30 November 2023

40,000
-
-
40,000



Depreciation


At 1 December 2022
40,000
1,525
3,388
44,913


Disposals
-
(1,525)
(3,388)
(4,913)



At 30 November 2023

40,000
-
-
40,000



Net book value



At 30 November 2023
-
-
-
-



At 30 November 2022
-
-
-
-


6.


Debtors

2023
2022
£
£



Trade debtors
2,529
1,571

Other debtors
31
31

2,560
1,602



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,173
16,534

13,173
16,534


Page 6

 
TACTICAL DIRECT MAILING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to associates
10
10

Accruals and deferred income
1,830
1,850

1,840
1,860



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 (2022 - 4) Ordinary shares of £1.00 each
4
4



10.


Related party transactions

The company has the following related parties: 
Tactical Fulfilment Solutions Ltd - (TFS) - a company owned by J Clutterbuck and T Heer. 
Xcalibre Fulfilment Solutions Ltd - (XFS) -  a company owned equally by J Clutterbuck and T Heer.
The following balances were outstanding at the balance sheet date:


2023
2022
£
£

Amounts owed from XFS
2,529
1,571
Amounts owed from TFS
-
-
Amounts owed to TFS
10
10
2,539
1,581


11.


Controlling party

The company was controlled throughout this and the preceeding period by J Clutterbuck and T Heer by virtue of their shareholdings. 

 
Page 7