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Company Registration No. NI611671 (Northern Ireland)
Tropical Tan (NI) Limited Unaudited accounts for the year ended 31 March 2024
Tropical Tan (NI) Limited Unaudited accounts Contents
Page
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Tropical Tan (NI) Limited Company Information for the year ended 31 March 2024
Directors
Goody-Neil, Kylie Goody, Shannon
Company Number
NI611671 (Northern Ireland)
Registered Office
211-212 Woodstock Road Belfast BT6 8PQ Northern Ireland
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Tropical Tan (NI) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
201,737 
196,581 
Current assets
Inventories
3,518 
3,506 
Debtors
1,948 
- 
Cash at bank and in hand
344,508 
282,588 
349,974 
286,094 
Creditors: amounts falling due within one year
(109,808)
(106,536)
Net current assets
240,166 
179,558 
Total assets less current liabilities
441,903 
376,139 
Provisions for liabilities
Deferred tax
(26,993)
(34,384)
Net assets
414,910 
341,755 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
414,905 
341,750 
Shareholders' funds
414,910 
341,755 
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 directors acknowledge their 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 of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by
Goody, Robert Director Company Registration No. NI611671
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Tropical Tan (NI) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Tropical Tan (NI) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI611671. The registered office is 211-212 Woodstock Road, Belfast, BT6 8PQ, Northern Ireland.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Land & buildings
2.5 - 12.5% per annum on cost
Plant & machinery
12.5 - 25% per annum on cost
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.
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Tropical Tan (NI) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
52,791 
420,609 
473,400 
Additions
- 
66,668 
66,668 
Disposals
- 
(35,149)
(35,149)
At 31 March 2024
52,791 
452,128 
504,919 
Depreciation
At 1 April 2023
5,807 
271,012 
276,819 
Charge for the year
3,695 
45,213 
48,908 
On disposals
- 
(22,545)
(22,545)
At 31 March 2024
9,502 
293,680 
303,182 
Net book value
At 31 March 2024
43,289 
158,448 
201,737 
At 31 March 2023
46,984 
149,597 
196,581 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,948 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,329 
48,886 
Taxes and social security
51,921 
38,376 
Loans from directors
3,432 
15,593 
Accruals
35,126 
3,681 
109,808 
106,536 
7
Average number of employees
During the year the average number of employees was 38 (2023: 47).
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