REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
TABASS LTD |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2024 |
for |
TABASS LTD |
TABASS LTD (REGISTERED NUMBER: SC222547) |
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 |
TABASS LTD |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
12 Traill Drive |
Montrose |
Angus |
DD10 8SW |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Balance Sheet |
31 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Balance Sheet - continued |
31 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Tabass Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2023 |
Additions |
Disposals | ( |
) |
Share of profit/(loss) | 9,282 |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
8. | RELATED PARTY DISCLOSURES |
The company was under the control of S M Taylor, the director, throughout the current and previous year. |
Loans 1,2, 3, 4, 5, 6 & 7 were repaid in previous years. |
Loan 8 |
As at 31 March 2024, included within other creditors, is a balance outstanding due to the director of £193,000 (2023 - £200,000). Interest of 0.75% per annum has been paid on this loan. |
Loans 9 & 10 were repaid in earlier years. |
Loan 11 |
As at 31 March 2024, included within other creditors, is a balance outstanding due to the director of £27,000 (2023 - £49,000). No interest has been charged on this loan. |
Loans 12 & 13 |
As at 31 March 2024, included within other creditors, is a balance outstanding due to the director of £160,000 (2023 - £160,000). No interest has been charged on this loan |
Loans 14, 15 were repaid in earlier year. |
Loans 16 & 17 |
As at 31 March 2024, included within other creditors, is a balance outstanding due to the director of £125,000 (2023 - £125,000). No interest has been charged on this loan. |
Loans 18 & 19 |
As at 31 March 2024, included within other creditors, is a balance outstanding due to the director of £100,000 (2023 - £100,000). No interest has been charged on this loan. |
Loan 20 |
As at 31 March 2024 included within other creditors is a balance outstanding due to the director of £50,000 (2023 - £50,000). No interest has been charged on this loan. |
Loan 21 |
As at 31 March 2024 included within other creditors is a balance outstanding due to the director of £51,000 (2023 - £51,000). No interest has been charged on this loan. |
Loan 22 |
As at 31 March 2024 included within other creditors is a balance outstanding due to the director of £25,000 (2023 - £25,000). No interest has been charged on this loan. |
Loan 23 |
As at 31 March 2024 included within other creditors is a balance outstanding due to the director of £47,000 (2023 - £47,000). No interest has been charged on this loan. |
Loan 24 were repaid in previous years. |
Loan 25 |
As at 31 March 2024 included in other creditors is a balance outstanding due to the director of £114,000 (2023 - £114,000). No interest has been charged on this loan. |
Loan 26 was repaid in previous years. |
Loan 27 |
TABASS LTD (REGISTERED NUMBER: SC222547) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
As at 31 March 2024 included in other creditors is a balance outstanding due to the director of £15,000 (2023 - £15,000). No interest has been charged on this loan. |
Loan 28 & 29 was repaid in previous years. |
Loan 30 |
During the year the director advanced the company £15,000. This was subsequently repaid in full. |
Loan 31 |
As at 31 March 2024 included in other creditors is a balance outstanding due to the director of £20,000 (2023 - £20,000). No interest has been charged on this loan. |