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REGISTERED NUMBER: 03483619 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Tugboat Software Limited

Tugboat Software Limited (Registered number: 03483619)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tugboat Software Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr S J Rowley





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 03483619 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Tugboat Software Limited (Registered number: 03483619)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 397

CURRENT ASSETS
Debtors 5 1,619 4,848
Cash at bank 30,767 56,739
32,386 61,587
CREDITORS
Amounts falling due within one year 6 24,635 42,987
NET CURRENT ASSETS 7,751 18,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,949

18,997

CREDITORS
Amounts falling due after more than one
year

7

3,758

6,187
NET ASSETS 4,191 12,810

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 4,171 12,790
SHAREHOLDERS' FUNDS 4,191 12,810

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

Tugboat Software Limited (Registered number: 03483619)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2024 and were signed by:





Mr S J Rowley - Director


Tugboat Software Limited (Registered number: 03483619)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Tugboat Software 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 50% on reducing balance

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.

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.

Tugboat Software Limited (Registered number: 03483619)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 977
DEPRECIATION
At 1st April 2023 580
Charge for year 199
At 31st March 2024 779
NET BOOK VALUE
At 31st March 2024 198
At 31st March 2023 397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,848
Other debtors 1,619 -
1,619 4,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,429 2,368
Taxation and social security 16,200 17,915
Other creditors 6,006 22,704
24,635 42,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 3,758 6,187

Tugboat Software Limited (Registered number: 03483619)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr S J Rowley
Balance outstanding at start of year - 5,744
Amounts repaid - (5,744 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest has been paid to the company in respect of these advances and there were no fixed terms for repayment.