Registered number
14679890
Tapcastle Limited
Filleted Accounts
28 February 2024
Tapcastle Limited
Registered number: 14679890
Balance Sheet
as at 28 February 2024
Notes 2024
£
Fixed assets
Tangible assets 3 112,806
Creditors: amounts falling due within one year 4 (113,704)
Net current liabilities (113,704)
Net liabilities (898)
Capital and reserves
Called up share capital 2
Profit and loss account (900)
Shareholder's funds (898)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K T Chan
Director
Approved by the board on 20 November 2024
Tapcastle Limited
Notes to the Accounts
for the period from 21 February 2023 to 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Not provided
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 112,806
At 28 February 2024 112,806
Depreciation
At 28 February 2024 -
Net book value
At 28 February 2024 112,806
4 Creditors: amounts falling due within one year 2024
£
Trade creditors 900
Other creditors 112,804
113,704
5 Controlling party
The controlling party is K T Chan (director) by virtue of her 100% ownership of the issued share capital.
6 Other information
Tapcastle Limited is a private company limited by shares and incorporated in England. Its registered office is:
108 The Peninsula Building
Kersal Way
Salford
M7 3FT
Tapcastle Limited 14679890 false 2023-02-21 2024-02-28 2024-02-28 VT Final Accounts July 2024 K T Chan No description of principal activity 14679890 2023-02-21 2024-02-28 14679890 bus:PrivateLimitedCompanyLtd 2023-02-21 2024-02-28 14679890 bus:AuditExemptWithAccountantsReport 2023-02-21 2024-02-28 14679890 bus:Director40 2023-02-21 2024-02-28 14679890 1 2023-02-21 2024-02-28 14679890 2 2023-02-21 2024-02-28 14679890 countries:England 2023-02-21 2024-02-28 14679890 bus:FRS102 2023-02-21 2024-02-28 14679890 bus:FilletedAccounts 2023-02-21 2024-02-28 14679890 2024-02-28 14679890 core:WithinOneYear 2024-02-28 14679890 core:ShareCapital 2024-02-28 14679890 core:RetainedEarningsAccumulatedLosses 2024-02-28 14679890 2023-02-20 iso4217:GBP xbrli:pure