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REGISTERED NUMBER: 02956955 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Tapeline Ltd.

Tapeline Ltd. (Registered number: 02956955)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tapeline Ltd.

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A Williams
Mrs L C Fawns Williams





SECRETARY: Mrs L C Fawns Williams





REGISTERED OFFICE: 72a Stockport Road East
Bredbury
Stockport
Cheshire
SK6 1AL





REGISTERED NUMBER: 02956955 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Tapeline Ltd. (Registered number: 02956955)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,208 103,306
Investments 5 44,851 76,868
192,059 180,174

CURRENT ASSETS
Stocks 16,230 15,785
Debtors 6 3,668 10,211
Cash at bank 74,722 103,956
94,620 129,952
CREDITORS
Amounts falling due within one year 7 131,610 116,888
NET CURRENT (LIABILITIES)/ASSETS (36,990 ) 13,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,069

193,238

CREDITORS
Amounts falling due after more than
one year

8

21,667

31,667
NET ASSETS 133,402 161,571

Tapeline Ltd. (Registered number: 02956955)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 133,396 161,565
SHAREHOLDERS' FUNDS 133,402 161,571

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





A Williams - Director


Tapeline Ltd. (Registered number: 02956955)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Tapeline 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 - 20% on reducing balance

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 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.


Tapeline Ltd. (Registered number: 02956955)

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

2. ACCOUNTING POLICIES - continued
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.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 June 2023 42,500 - 123,097
Additions - 56,909 -
At 31 May 2024 42,500 56,909 123,097
DEPRECIATION
At 1 June 2023 - - 78,547
Charge for year - - 8,910
At 31 May 2024 - - 87,457
NET BOOK VALUE
At 31 May 2024 42,500 56,909 35,640
At 31 May 2023 42,500 - 44,550

Tapeline Ltd. (Registered number: 02956955)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 36,250 4,376 206,223
Additions - 1,033 57,942
At 31 May 2024 36,250 5,409 264,165
DEPRECIATION
At 1 June 2023 20,957 3,413 102,917
Charge for year 3,823 1,307 14,040
At 31 May 2024 24,780 4,720 116,957
NET BOOK VALUE
At 31 May 2024 11,470 689 147,208
At 31 May 2023 15,293 963 103,306

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 76,868
Additions 15,272
Disposals (47,289 )
At 31 May 2024 44,851
NET BOOK VALUE
At 31 May 2024 44,851
At 31 May 2023 76,868

Tapeline Ltd. (Registered number: 02956955)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Trade debtors 3,668 9,176
VAT - 1,035
3,668 10,211

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Other loans 14,371 14,371
Trade creditors 3,099 3,799
VAT 2,806 -
Directors' current accounts 111,334 98,718
131,610 116,888

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 21,667 31,667

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Williams.