Registered number
12784165
Tasmax Ltd
Report and Financial Statements
31 July 2024
Tasmax Ltd
Registered number: 12784165
Director's Report
The director presents his report and financial statements for the year ended 31 July 2024.
Principal activities
The company's principal activity during the period was the provision of concierge services.
Directors
The following persons served as directors during the period :
Ms C Noronha
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 23 September 2024 and signed on its behalf.
Ms C Noronha
Director
Tasmax Ltd
Profit and Loss Account
for the year ended 31 July 2024
2024 2023
£ £
Turnover 3,268,280 1,952,648
Cost of sales (2,346,782) (1,426,929)
Gross profit 921,498 525,719
Administrative expenses (504,668) (353,304)
Operating profit 416,830 172,415
Interest receivable 42 4
Interest payable (934) (361)
Profit on ordinary activities before taxation 415,938 172,058
Tax on profit on ordinary activities - -
Profit for the financial period 415,938 172,058
Tasmax Ltd
Registered number: 12784165
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 240,380 240,380
Tangible assets 4 558,968 261,742
799,348 502,122
Current assets
Debtors 5 224,020 18,539
Cash at bank and in hand 86,074 19,725
310,094 38,264
Creditors: amounts falling due within one year 6 (62,758) (7,488)
Net current assets 247,336 30,776
Total assets less current liabilities 1,046,684 532,898
Creditors: amounts falling due after more than one year 7 (97,848) -
Net assets 948,836 532,898
Capital and reserves
Called up share capital 1 1
Other reserves 8 362,686 362,686
Profit and loss account 586,149 170,211
Shareholder's funds 948,836 532,898
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms C Noronha
Director
Approved by the board on 23 September 2024
Tasmax Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 3
3 Intangible fixed assets £
Cost
At 1 August 2023 240,380
At 31 July 2024 240,380
Net book value
At 31 July 2024 240,380
At 31 July 2023 240,380
4 Tangible fixed assets
Plant and Machinery Total
£ £
Cost
At 1 August 2023 261,742 261,742
Additions 395,867 395,867
At 31 July 2024 657,609 657,609
Depreciation
At 1 August 2023 - -
Charge for the year 98,641 98,641
At 31 July 2024 98,641 98,641
Net book value
At 31 July 2024 558,968 558,968
At 31 July 2023 261,742 261,742
5 Debtors 2024 2023
£ £
Trade debtors 198,534 18,539
Other debtors 25,486 -
224,020 18,539
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 42,687 -
Corporation tax - -
Other taxes and social security costs 9,485 -
Other creditors 10,586 7,488
62,758 7,488
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 97,848 -
97,848 -
8 Other reserves 2024 2023
£ £
At 1 August 2023 362,686 -
Additions in year - 362,686
At 31 July 2024 362,686 362,686
9 Other information
Tasmax Ltd is a private company limited by shares and incorporated in England. Its registered office is:
G41
981 Westlink House
Great West Road
Brentford
TW8 9DN
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