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Registered number: 12790863
Tikeidrive Ltd
Financial Statements
For The Year Ended 31 August 2024
Accountancy Today Limited
ACCA
Tattershall Bridge Cottage
Sleaford Road
Lincoln
Lincolnshire
LN4 4JG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12790863
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,603 458
16,603 458
CURRENT ASSETS
Debtors 5 - 2,109
Cash at bank and in hand 336 100
336 2,209
Creditors: Amounts Falling Due Within One Year 6 (1,097 ) (1,270 )
NET CURRENT ASSETS (LIABILITIES) (761 ) 939
TOTAL ASSETS LESS CURRENT LIABILITIES 15,842 1,397
Creditors: Amounts Falling Due After More Than One Year 7 (13,063 ) -
NET ASSETS 2,779 1,397
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,679 1,297
SHAREHOLDERS' FUNDS 2,779 1,397
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tomas Kaulokas
Director
5th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tikeidrive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12790863 . The registered office is Tattershall Bridge Cottage, Sleaford Road, Lincoln, Lincolnshire, LN4 4JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straightline
Motor Vehicles 20% Straightline
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 1,099 - 1,099
Additions - 20,468 20,468
As at 31 August 2024 1,099 20,468 21,567
Depreciation
As at 1 September 2023 641 - 641
Provided during the period 229 4,094 4,323
As at 31 August 2024 870 4,094 4,964
Net Book Value
As at 31 August 2024 229 16,374 16,603
As at 1 September 2023 458 - 458
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 2,109
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 1,270
Other creditors 1,097 -
1,097 1,270
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,063 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4