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REGISTERED NUMBER: 04002245 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TACOTHERM LTD

TACOTHERM LTD (REGISTERED NUMBER: 04002245)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TACOTHERM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: JA Cooper





SECRETARY: Mrs JA Cooper





REGISTERED OFFICE: Unit 40 South Hampshire Industrial Park
Brunel Road
Totton
Hampshire
SO40 3SA





REGISTERED NUMBER: 04002245 (England and Wales)





ACCOUNTANTS: Romsey Accountants GDT Limited
First Floor Secure House
Lulworth Close
Chandler's Ford
Hampshire
SO53 3TL

TACOTHERM LTD (REGISTERED NUMBER: 04002245)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,575 11,497

CURRENT ASSETS
Stocks 141,167 243,727
Debtors 5 114,448 166,647
Cash at bank and in hand 388,866 242,983
644,481 653,357
CREDITORS
Amounts falling due within one year 6 131,635 168,977
NET CURRENT ASSETS 512,846 484,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,421

495,877

PROVISIONS FOR LIABILITIES 2,394 3,740
NET ASSETS 520,027 492,137

CAPITAL AND RESERVES
Called up share capital 25 25
Retained earnings 520,002 492,112
520,027 492,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TACOTHERM LTD (REGISTERED NUMBER: 04002245)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 July 2024 and were signed by:





JA Cooper - Director


TACOTHERM LTD (REGISTERED NUMBER: 04002245)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Tacotherm Ltd 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.

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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

TACOTHERM LTD (REGISTERED NUMBER: 04002245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 66,168 51,915 9,250 8,800 136,133
Additions - - - 1,728 1,728
At 31 March 2024 66,168 51,915 9,250 10,528 137,861
DEPRECIATION
At 1 April 2023 66,168 46,415 4,047 8,006 124,636
Charge for year - 1,376 1,301 973 3,650
At 31 March 2024 66,168 47,791 5,348 8,979 128,286
NET BOOK VALUE
At 31 March 2024 - 4,124 3,902 1,549 9,575
At 31 March 2023 - 5,500 5,203 794 11,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 114,448 165,497
Other debtors - 1,150
114,448 166,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 83,840 123,146
Taxation and social security 46,346 44,535
Other creditors 1,449 1,296
131,635 168,977