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REGISTERED NUMBER: 07085190 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

TASMAN DESIGN LIMITED

TASMAN DESIGN LIMITED (REGISTERED NUMBER: 07085190)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TASMAN DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: J Garner
Mrs M S Wyborn
P K Dixon





REGISTERED OFFICE: 15 Brooklands Court
Kettering Venture Park
Kettering
Northamptonshire
NN15 6FD





REGISTERED NUMBER: 07085190 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

TASMAN DESIGN LIMITED (REGISTERED NUMBER: 07085190)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,650 4,752

CURRENT ASSETS
Stocks 33,754 13,500
Debtors 5 123,557 165,662
Cash at bank and in hand 108,441 68,281
265,752 247,443
CREDITORS
Amounts falling due within one year 6 106,915 86,358
NET CURRENT ASSETS 158,837 161,085
TOTAL ASSETS LESS CURRENT LIABILITIES 193,487 165,837

PROVISIONS FOR LIABILITIES 6,584 903
NET ASSETS 186,903 164,934

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 186,803 164,834
SHAREHOLDERS' FUNDS 186,903 164,934

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 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 27 August 2024 and were signed on its behalf by:




Mrs M S Wyborn - Director


TASMAN DESIGN LIMITED (REGISTERED NUMBER: 07085190)

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


1. STATUTORY INFORMATION

Tasman Design 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

TASMAN DESIGN LIMITED (REGISTERED NUMBER: 07085190)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 1,119 16,612 - 17,731
Additions - 2,268 31,513 33,781
At 30 November 2023 1,119 18,880 31,513 51,512
DEPRECIATION
At 1 December 2022 1,090 11,889 - 12,979
Charge for year 7 1,428 2,448 3,883
At 30 November 2023 1,097 13,317 2,448 16,862
NET BOOK VALUE
At 30 November 2023 22 5,563 29,065 34,650
At 30 November 2022 29 4,723 - 4,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,565 146,633
Other debtors 15,667 15,667
VAT - 572
Prepayments 3,325 2,790
123,557 165,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,333 31,991
Corporation tax 23,383 7,478
Social security and other taxes 2,204 8,629
VAT 31,490 -
Other creditors 4,428 778
Directors' current accounts 1,691 857
Accruals and deferred income 28,386 36,625
106,915 86,358

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100