Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-12-01false11false10true 05608379 2022-12-01 2023-12-31 05608379 2021-12-01 2022-11-30 05608379 2023-12-31 05608379 2022-11-30 05608379 2021-12-01 05608379 c:Director1 2022-12-01 2023-12-31 05608379 c:Director2 2022-12-01 2023-12-31 05608379 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-12-31 05608379 d:Buildings d:ShortLeaseholdAssets 2023-12-31 05608379 d:Buildings d:ShortLeaseholdAssets 2022-11-30 05608379 d:PlantMachinery 2022-12-01 2023-12-31 05608379 d:PlantMachinery 2023-12-31 05608379 d:PlantMachinery 2022-11-30 05608379 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 05608379 d:FurnitureFittings 2022-12-01 2023-12-31 05608379 d:FurnitureFittings 2023-12-31 05608379 d:FurnitureFittings 2022-11-30 05608379 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 05608379 d:OfficeEquipment 2022-12-01 2023-12-31 05608379 d:OfficeEquipment 2023-12-31 05608379 d:OfficeEquipment 2022-11-30 05608379 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 05608379 d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 05608379 d:CurrentFinancialInstruments 2023-12-31 05608379 d:CurrentFinancialInstruments 2022-11-30 05608379 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05608379 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 05608379 d:ShareCapital 2023-12-31 05608379 d:ShareCapital 2022-11-30 05608379 d:RetainedEarningsAccumulatedLosses 2023-12-31 05608379 d:RetainedEarningsAccumulatedLosses 2022-11-30 05608379 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 05608379 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 05608379 c:OrdinaryShareClass1 2022-12-01 2023-12-31 05608379 c:OrdinaryShareClass1 2023-12-31 05608379 c:OrdinaryShareClass1 2022-11-30 05608379 c:FRS102 2022-12-01 2023-12-31 05608379 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 05608379 c:FullAccounts 2022-12-01 2023-12-31 05608379 c:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 05608379 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05608379 d:AcceleratedTaxDepreciationDeferredTax 2022-11-30 05608379 2 2022-12-01 2023-12-31 05608379 e:PoundSterling 2022-12-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05608379










TACTICAL FULFILMENT SOLUTIONS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
TACTICAL FULFILMENT SOLUTIONS LTD
REGISTERED NUMBER: 05608379

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
30 November
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
106,783
89,175

  
106,783
89,175

Current assets
  

Stocks
  
16,518
16,518

Debtors: amounts falling due within one year
 5 
1,105,918
902,232

Cash at bank and in hand
 6 
387,009
343,277

  
1,509,445
1,262,027

Creditors: amounts falling due within one year
 7 
(1,032,353)
(874,121)

Net current assets
  
 
 
477,092
 
 
387,906

Total assets less current liabilities
  
583,875
477,081

Provisions for liabilities
  

Deferred tax
 9 
(19,959)
(21,729)

  
 
 
(19,959)
 
 
(21,729)

Net assets
  
563,916
455,352


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
563,816
455,252

  
563,916
455,352


Page 1

 
TACTICAL FULFILMENT SOLUTIONS LTD
REGISTERED NUMBER: 05608379
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 period 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

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Tactical Fulfilment Solutions Limited is a private company, limited by shares, incorporated in England. The company's prinicpal place of business is Riverside, 85-87 Holtspur Lane, Wooburn Green, 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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover 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 turnover 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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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:

S/Term Leasehold Property
-
3 years straight line
Plant & machinery
-
33% straight line
Fixtures & fittings
-
33% straight line
Office equipment
-
33% straight line

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.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 6

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts
Page 7

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 11 (2022 - 10).

Page 8

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







S/Term Leasehold Property
Plant & machinery
Fixtures & fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2022
157,952
236,208
117,147
119,101
630,408


Additions
-
-
53,347
1,583
54,930



At 31 December 2023

157,952
236,208
170,494
120,684
685,338



Depreciation


At 1 December 2022
156,652
198,534
117,147
68,900
541,233


Charge for the period on owned assets
740
14,527
65
21,990
37,322



At 31 December 2023

157,392
213,061
117,212
90,890
578,555



Net book value



At 31 December 2023
560
23,147
53,282
29,794
106,783



At 30 November 2022
1,300
37,675
-
50,200
89,175

Page 9

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Debtors

31 December
30 November
2023
2022
£
£


Trade debtors
922,104
765,749

Amounts owed by joint ventures and associated undertakings
3,690
2,610

Other debtors
73,067
71,418

Prepayments and accrued income
107,057
62,455

1,105,918
902,232



6.


Cash and cash equivalents

31 December
30 November
2023
2022
£
£

Cash at bank and in hand
387,009
343,277

387,009
343,277



7.


Creditors: Amounts falling due within one year

31 December
30 November
2023
2022
£
£

Trade creditors
330,792
392,671

Amounts owed to associates
119,561
-

Corporation tax
27,496
15,256

Other taxation and social security
82,147
70,570

Other creditors
1,237
803

Accruals and deferred income
471,120
394,821

1,032,353
874,121


Page 10

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Financial instruments

31 December
30 November
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
387,009
343,277




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Deferred taxation






2023
2022


£

£






At beginning of year
(21,730)
(1,898)


Charged to profit or loss
1,771
(19,831)



At end of year
(19,959)
(21,729)

The provision for deferred taxation is made up as follows:

31 December
30 November
2023
2022
£
£


Accelerated capital allowances
(19,959)
(21,730)

(19,959)
(21,730)


10.


Share capital

31 December
30 November
2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


Page 11

 
TACTICAL FULFILMENT SOLUTIONS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

11.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund.


12.


Related party transactions

The company traded with the following related parties during the year: 
Tactical Direct Mailing Ltd - a company owned equally by J Clutterbuck and T Heer.
Xcalibre Generation Ltd - a company owned equally by J Clutterbuck and T Heer. 
Xcalibre Fulfilment Solutions Ltd - a company owned by Xcalibre Generation Ltd.


31 December
30 November
2023
2022
£
£

Trade debtor - Xcalibre Fulfilment Solutions Ltd
376,705
390,887
Amounts owed from Tactical Direct Mailing Ltd
10
10
Amounts owed from Xcalibre Generation Ltd
3,680
2,600
Trade creditor - Xcalibre Fulfilment Solutions Ltd
3,806
22,959
Amounts owed to Xcalibre Fulfilment Solutions Ltd
9,773
-

All  transactions  were  undertaken  on  an  arms  length  basis.  Other  items  were  recharged  at  cost  and excluded from the above. 


13.


Controlling party

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

 
Page 12