Company Registration No. 13086382 (England and Wales)
TARAAJH LIMITED
Unaudited accounts
for the year ended 31 December 2023
TARAAJH LIMITED
Company Information
for the year ended 31 December 2023
Director
Mr Tharmarajh Tharmakulasingam
Company Number
13086382 (England and Wales)
Registered Office
Daniel Consultancy
Morrit House 54-60 Station Approach
South Ruislip
HA4 6SA
United Kingdom
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
TARAAJH LIMITED
Accountants' report
Accountants' report to the director of TARAAJH LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
TARAAJH LIMITED for the year ended
31 December 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of TARAAJH LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TARAAJH LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TARAAJH LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that TARAAJH LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of TARAAJH LIMITED. You consider that TARAAJH LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of TARAAJH LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
14 August 2024
TARAAJH LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
10,714
12,245
Cash at bank and in hand
1,141
648
Creditors: amounts falling due within one year
(32,311)
(56,460)
Net current liabilities
(10,643)
(10,263)
Total assets less current liabilities
656
2,827
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
444
2,566
Shareholders' funds
544
2,666
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 August 2024 and were signed on its behalf by
Mr Tharmarajh Tharmakulasingam
Director
Company Registration No. 13086382
TARAAJH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
TARAAJH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13086382. The registered office is Daniel Consultancy, Morrit House 54-60 Station Approach, South Ruislip, HA4 6SA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
TARAAJH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
15,307
At 31 December 2023
10,714
At 31 December 2022
12,245
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
151
182
TARAAJH LIMITED
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
11,811
280
Taxes and social security
2,888
1,355
Loans from directors
7,342
52,625
Included in other creditors above is a loan of £7,342 (2022 - £52,625) from Tharmarajh Tharmakulasingam, the company director.
8
Deferred taxation
2023
2022
Accelerated capital allowances
112
161
Provision at start of year
161
210
Credited to the profit and loss account
(49)
(49)
Provision at end of year
112
161
9
Average number of employees
During the year the average number of employees was 4 (2022: 2).