2023-01-012023-12-312023-12-31false12213530TQUILA AUTOMATION LTD2024-09-2662020iso4217:GBPxbrli:pure122135302023-01-01122135302023-12-31122135302023-01-012023-12-31122135302022-01-01122135302022-12-31122135302022-01-012022-12-3112213530bus:SmallEntities2023-01-012023-12-3112213530bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112213530bus:AbridgedAccounts2023-01-012023-12-3112213530bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112213530core:WithinOneYear2023-12-3112213530core:AfterOneYear2023-12-3112213530core:WithinOneYear2022-12-3112213530core:AfterOneYear2022-12-3112213530core:ShareCapital2023-12-3112213530core:SharePremium2023-12-3112213530core:RevaluationReserve2023-12-3112213530core:OtherReservesSubtotal2023-12-3112213530core:RetainedEarningsAccumulatedLosses2023-12-3112213530core:ShareCapital2022-12-3112213530core:SharePremium2022-12-3112213530core:RevaluationReserve2022-12-3112213530core:OtherReservesSubtotal2022-12-3112213530core:RetainedEarningsAccumulatedLosses2022-12-3112213530core:LandBuildings2023-12-3112213530core:PlantMachinery2023-12-3112213530core:Vehicles2023-12-3112213530core:FurnitureFittings2023-12-3112213530core:OfficeEquipment2023-12-3112213530core:NetGoodwill2023-12-3112213530core:IntangibleAssetsOtherThanGoodwill2023-12-3112213530core:ListedExchangeTraded2023-12-3112213530core:UnlistedNon-exchangeTraded2023-12-3112213530core:LandBuildings2022-12-3112213530core:PlantMachinery2022-12-3112213530core:Vehicles2022-12-3112213530core:FurnitureFittings2022-12-3112213530core:OfficeEquipment2022-12-3112213530core:NetGoodwill2022-12-3112213530core:IntangibleAssetsOtherThanGoodwill2022-12-3112213530core:ListedExchangeTraded2022-12-3112213530core:UnlistedNon-exchangeTraded2022-12-3112213530core:LandBuildings2023-01-012023-12-3112213530core:PlantMachinery2023-01-012023-12-3112213530core:Vehicles2023-01-012023-12-3112213530core:FurnitureFittings2023-01-012023-12-3112213530core:OfficeEquipment2023-01-012023-12-3112213530core:NetGoodwill2023-01-012023-12-3112213530core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112213530core:ListedExchangeTraded2023-01-012023-12-3112213530core:UnlistedNon-exchangeTraded2023-01-012023-12-3112213530core:MoreThanFiveYears2023-01-012023-12-3112213530core:Non-currentFinancialInstruments2023-12-3112213530core:Non-currentFinancialInstruments2022-12-3112213530dpl:CostSales2023-01-012023-12-3112213530dpl:DistributionCosts2023-01-012023-12-3112213530core:LandBuildings2023-01-012023-12-3112213530core:PlantMachinery2023-01-012023-12-3112213530core:Vehicles2023-01-012023-12-3112213530core:FurnitureFittings2023-01-012023-12-3112213530core:OfficeEquipment2023-01-012023-12-3112213530dpl:AdministrativeExpenses2023-01-012023-12-3112213530core:NetGoodwill2023-01-012023-12-3112213530core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112213530dpl:GroupUndertakings2023-01-012023-12-3112213530dpl:ParticipatingInterests2023-01-012023-12-3112213530dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112213530core:ListedExchangeTraded2023-01-012023-12-3112213530dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112213530core:UnlistedNon-exchangeTraded2023-01-012023-12-3112213530dpl:CostSales2022-01-012022-12-3112213530dpl:DistributionCosts2022-01-012022-12-3112213530core:LandBuildings2022-01-012022-12-3112213530core:PlantMachinery2022-01-012022-12-3112213530core:Vehicles2022-01-012022-12-3112213530core:FurnitureFittings2022-01-012022-12-3112213530core:OfficeEquipment2022-01-012022-12-3112213530dpl:AdministrativeExpenses2022-01-012022-12-3112213530core:NetGoodwill2022-01-012022-12-3112213530core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112213530dpl:GroupUndertakings2022-01-012022-12-3112213530dpl:ParticipatingInterests2022-01-012022-12-3112213530dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112213530core:ListedExchangeTraded2022-01-012022-12-3112213530dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112213530core:UnlistedNon-exchangeTraded2022-01-012022-12-3112213530core:NetGoodwill2023-12-3112213530core:IntangibleAssetsOtherThanGoodwill2023-12-3112213530core:LandBuildings2023-12-3112213530core:PlantMachinery2023-12-3112213530core:Vehicles2023-12-3112213530core:FurnitureFittings2023-12-3112213530core:OfficeEquipment2023-12-3112213530core:AfterOneYear2023-12-3112213530core:WithinOneYear2023-12-3112213530core:ListedExchangeTraded2023-12-3112213530core:UnlistedNon-exchangeTraded2023-12-3112213530core:ShareCapital2023-12-3112213530core:SharePremium2023-12-3112213530core:RevaluationReserve2023-12-3112213530core:OtherReservesSubtotal2023-12-3112213530core:RetainedEarningsAccumulatedLosses2023-12-3112213530core:NetGoodwill2022-12-3112213530core:IntangibleAssetsOtherThanGoodwill2022-12-3112213530core:LandBuildings2022-12-3112213530core:PlantMachinery2022-12-3112213530core:Vehicles2022-12-3112213530core:FurnitureFittings2022-12-3112213530core:OfficeEquipment2022-12-3112213530core:AfterOneYear2022-12-3112213530core:WithinOneYear2022-12-3112213530core:Liste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TQUILA AUTOMATION LTD

Registered Number
12213530
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TQUILA AUTOMATION LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

ABBOTT, Thomas Edward
NORTHINGTON, Ryan
SIGG, Christopher

Registered Address

1-3 Heathmans Road
London
SW6 4TJ

Registered Number

12213530 (England and Wales)
TQUILA AUTOMATION LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3137,911183,814
Tangible assets46,52110,480
144,432194,294
Current assets
Debtors1,131,0221,186,360
Cash at bank and on hand122,96771,122
1,253,9891,257,482
Creditors amounts falling due within one year(1,798,667)(1,926,052)
Net current assets (liabilities)(544,678)(668,570)
Total assets less current liabilities(400,246)(474,276)
Creditors amounts falling due after one year(4,585,758)(2,051,146)
Net assets(4,986,004)(2,525,422)
Capital and reserves
Called up share capital1,1101,110
Profit and loss account(4,987,114)(2,526,532)
Shareholders' funds(4,986,004)(2,525,422)
The financial statements were approved and authorised for issue by the Board of Directors on 26 September 2024, and are signed on its behalf by:
SIGG, Christopher
Director
Registered Company No. 12213530
TQUILA AUTOMATION LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, and with the support of group companies, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year4542
3.Intangible assets

Total

£
Cost or valuation
At 01 January 23229,718
At 31 December 23229,718
Amortisation and impairment
At 01 January 2345,904
Charge for year45,903
At 31 December 2391,807
Net book value
At 31 December 23137,911
At 31 December 22183,814
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2316,883
Additions323
At 31 December 2317,206
Depreciation and impairment
At 01 January 236,403
Charge for year4,282
At 31 December 2310,685
Net book value
At 31 December 236,521
At 31 December 2210,480
5.Parent-subsidiary relationships
The parent company is TQA Holdco Limited, a company registered in England and Wales. The ultimate parent company is TQA Holdco Inc a company registered in Delaware, United States of America. The registered address of TQA Holdco Inc is Corporation Trust Centre, 1209 Orange St. Wilmington, DE 19801.