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REGISTERED NUMBER: 01356854 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TASCOMP LIMITED

TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TASCOMP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Tizard
A E Williamson



REGISTERED OFFICE: Newburgh Court
Belasis Avenue
Billingham
Cleveland
TS23 4EE



REGISTERED NUMBER: 01356854 (England and Wales)



ACCOUNTANTS: Baines Jewitt Limited
Chartered Accountants
Spitfire House
19 Falcon Court
Preston Farm Ind. Est.
Stockton-on-Tees
TS18 3TU



BANKERS: Handelsbanken
Winder House
Kingfisher Way
Stockton-on-Tees
TS18 3EX

TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 134,928 126,205

CURRENT ASSETS
Stocks 23,356 7,343
Debtors 607,032 701,089
Cash at bank and in hand 343,328 311,987
973,716 1,020,419
CREDITORS
Amounts falling due within one year 556,185 697,990
NET CURRENT ASSETS 417,531 322,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,459

448,634

PROVISIONS FOR LIABILITIES 2,271 -
NET ASSETS 550,188 448,634

CAPITAL AND RESERVES
Called up share capital 952 952
Revaluation reserve 19,087 19,652
Capital redemption reserve 9,049 9,049
Retained earnings 521,100 418,981
SHAREHOLDERS' FUNDS 550,188 448,634

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.

TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2024 and were signed on its behalf by:




A Tizard - Director



A E Williamson - Director


TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Tascomp 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Long leasehold - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Up to and including the year ended 31 December 1999 it was the company's policy to revalue the long leasehold property. In the year ended 31 December 2000 the company adopted the transitional provisions of FRS 15 Tangible Fixed Assets. Whilst previous valuations have been retained, they have not been updated. From 1 January 2000 it is company policy not to revalue fixed assets. The last valuation was in November 1994.


Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST OR VALUATION
At 1 January 2023 293,345
Additions 25,800
Disposals (12,999 )
At 31 December 2023 306,146
DEPRECIATION
At 1 January 2023 167,140
Charge for year 14,105
Eliminated on disposal (10,027 )
At 31 December 2023 171,218
NET BOOK VALUE
At 31 December 2023 134,928
At 31 December 2022 126,205

TASCOMP LIMITED (REGISTERED NUMBER: 01356854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Totals
£
Valuation in 1994 180,000
Cost 126,146
306,146

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£ £
Cost 151,726 151,726
Aggregate depreciation 85,566 82,748

Leasehold land and buildings were valued on an open market value basis on 30 November 1994 by professional valuers .