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Company Registration No. 12278017 (England and Wales)
TKB Global Limited Unaudited accounts for the year ended 31 March 2024
TKB Global Limited Unaudited accounts Contents
Page
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TKB Global Limited Company Information for the year ended 31 March 2024
Director
Nikhil Bhatia
Company Number
12278017 (England and Wales)
Registered Office
68 Yardley Road Acocks Green Birmingham B27 6LG United Kingdom
Accountants
Integritax Accountants Ltd 68 Yardley Road Acocks Green Birmingham B27 6LG
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TKB Global Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
289 
636 
Current assets
Debtors
378,770 
294,409 
Cash at bank and in hand
91,272 
58,021 
470,042 
352,430 
Creditors: amounts falling due within one year
(185,876)
(69,383)
Net current assets
284,166 
283,047 
Total assets less current liabilities
284,455 
283,683 
Provisions for liabilities
Deferred tax
(114)
(180)
Net assets
284,341 
283,503 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
284,241 
283,403 
Shareholders' funds
284,341 
283,503 
For the year ending 31 March 2024 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 7 October 2024 and were signed on its behalf by
Nikhil Bhatia Director Company Registration No. 12278017
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TKB Global Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TKB Global Limited is a private company, limited by shares, registered in England and Wales, registration number 12278017. The registered office is 68 Yardley Road, Acocks Green, Birmingham, B27 6LG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Inventories
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 taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
Straight line over 3 years
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TKB Global Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,041 
At 31 March 2024
1,041 
Depreciation
At 1 April 2023
405 
Charge for the year
347 
At 31 March 2024
752 
Net book value
At 31 March 2024
289 
At 31 March 2023
636 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,797 
11,448 
Trade debtors
131,435 
53,415 
Other debtors
229,538 
229,546 
378,770 
294,409 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
184,692 
42,119 
Taxes and social security
263 
26,343 
Loans from directors
921 
921 
185,876 
69,383 
7
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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