IRIS Accounts Production v24.2.0.383 09348719 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093487192022-12-31093487192023-12-31093487192023-01-012023-12-31093487192021-12-31093487192022-01-012022-12-31093487192022-12-3109348719ns15:EnglandWales2023-01-012023-12-3109348719ns14:PoundSterling2023-01-012023-12-3109348719ns10:Director12023-01-012023-12-3109348719ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109348719ns10:SmallEntities2023-01-012023-12-3109348719ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109348719ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109348719ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109348719ns10:FullAccounts2023-01-012023-12-310934871912023-01-012023-12-3109348719ns5:CurrentFinancialInstruments2023-12-3109348719ns5:CurrentFinancialInstruments2022-12-3109348719ns5:Non-currentFinancialInstruments2023-12-3109348719ns5:Non-currentFinancialInstruments2022-12-3109348719ns5:ShareCapital2023-12-3109348719ns5:ShareCapital2022-12-3109348719ns5:RetainedEarningsAccumulatedLosses2023-12-3109348719ns5:RetainedEarningsAccumulatedLosses2022-12-3109348719ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3109348719ns5:PlantMachinery2023-01-012023-12-3109348719ns5:IntangibleAssetsOtherThanGoodwill2022-12-3109348719ns5:IntangibleAssetsOtherThanGoodwill2023-12-3109348719ns5:IntangibleAssetsOtherThanGoodwill2022-12-3109348719ns5:PlantMachinery2022-12-3109348719ns5:PlantMachinery2023-12-3109348719ns5:PlantMachinery2022-12-3109348719ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3109348719ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3109348719ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3109348719ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3109348719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109348719ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109348719ns5:Secured2023-12-3109348719ns5:Secured2022-12-31
REGISTERED NUMBER: 09348719 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Tygris Ltd

Tygris Ltd (Registered number: 09348719)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Tygris Ltd (Registered number: 09348719)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 61,610 9,888
Tangible assets 5 322,896 332,806
384,506 342,694

CURRENT ASSETS
Stocks 482,900 442,093
Debtors 6 561,664 724,632
Cash at bank 63,325 379,823
1,107,889 1,546,548
CREDITORS
Amounts falling due within one year 7 (655,029 ) (1,145,090 )
NET CURRENT ASSETS 452,860 401,458
TOTAL ASSETS LESS CURRENT
LIABILITIES

837,366

744,152

CREDITORS
Amounts falling due after more than one
year

8

(372,352

)

(215,476

)

PROVISIONS FOR LIABILITIES (27,338 ) (7,268 )

ACCRUALS AND DEFERRED INCOME (9,840 ) -
NET ASSETS 427,836 521,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 427,736 521,308
427,836 521,408

Tygris Ltd (Registered number: 09348719)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 July 2024 and were signed on its behalf by:





Mr J Simpson - Director


Tygris Ltd (Registered number: 09348719)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tygris Ltd is a private company, limited by shares, domiciled in England, registration number 09348719. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods in respect of wholesale of chemical products, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Intangible assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probably that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software 20% straight line

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost and 2% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Tygris Ltd (Registered number: 09348719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 18 ) .

Tygris Ltd (Registered number: 09348719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 59,087
Additions 68,000
At 31 December 2023 127,087
AMORTISATION
At 1 January 2023 49,199
Charge for year 16,278
At 31 December 2023 65,477
NET BOOK VALUE
At 31 December 2023 61,610
At 31 December 2022 9,888

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 388,570
Additions 294,311
Disposals (252,236 )
At 31 December 2023 430,645
DEPRECIATION
At 1 January 2023 55,764
Charge for year 84,472
Eliminated on disposal (32,487 )
At 31 December 2023 107,749
NET BOOK VALUE
At 31 December 2023 322,896
At 31 December 2022 332,806

Tygris Ltd (Registered number: 09348719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 321,552
Additions 288,204
Disposals (252,236 )
At 31 December 2023 357,520
DEPRECIATION
At 1 January 2023 29,963
Charge for year 73,660
Eliminated on disposal (32,487 )
At 31 December 2023 71,136
NET BOOK VALUE
At 31 December 2023 286,384
At 31 December 2022 291,589

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 551,998 630,600
Other debtors 9,666 94,032
561,664 724,632

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,752 -
Finance leases 64,928 26,585
Trade creditors 262,926 558,137
Amounts owed to group undertakings 244,098 400,998
Taxation and social security 75,475 57,075
Other creditors 2,850 102,295
655,029 1,145,090

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 152,996 -
Finance leases 219,356 215,476
372,352 215,476

Tygris Ltd (Registered number: 09348719)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 133,987 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 157,748 -
Finance leases 284,284 242,061
442,032 242,061

Balances due on hire purchase and finance lease agreements are secured on the assets to which they relate.

10. ULTIMATE PARENT ENTITY

Tygris Industrial Holdings Ltd is registered in Wales under registration number 09348082. The registered office is Crown House, 27 Old Gloucester Street, London, WC1N 3AX.