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REGISTERED NUMBER: 03643623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tanna'S Limited

Tanna'S Limited (Registered number: 03643623)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tanna'S Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Tanna
R D Tanna





SECRETARY: Ms M R Tanna





REGISTERED OFFICE: Unit 13-14 Cygnus Business Centre
Dalmeyer Road
London
NW10 2XA





REGISTERED NUMBER: 03643623 (England and Wales)





ACCOUNTANTS: Euro Ashfords (UK) Ltd
2nd Floor,
39 Ludgate hill
London
EC4M 7JN

Tanna'S Limited (Registered number: 03643623)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,114,108 972,845
1,114,108 972,845

CURRENT ASSETS
Stocks 6 522,941 647,409
Debtors 7 332,035 282,035
Cash at bank and in hand 292,321 418,727
1,147,297 1,348,171
CREDITORS
Amounts falling due within one year 8 1,105,492 1,154,221
NET CURRENT ASSETS 41,805 193,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,155,913

1,166,795

PROVISIONS FOR LIABILITIES 165,738 96,685
NET ASSETS 990,175 1,070,110

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 454,737 369,616
Retained earnings 534,438 699,494
990,175 1,070,110

Tanna'S Limited (Registered number: 03643623)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 November 2024 and were signed on its behalf by:





R D Tanna - Director


Tanna'S Limited (Registered number: 03643623)

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

1. STATUTORY INFORMATION

Tanna'S 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill , being the amounts paid in connection with the acquisition of businesses in 1999 and 2006
are being written off evenly over estimated useful lives of twenty years.

Goodwill, being the amounts paid in connection with acquisition of business in 2011 is being
written off evenly over its estimated lives of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Freehold property - 2% on cost
Improvements to property - in accordance with the property
Plant and machinery-25% on reducing balance
Fixtures and fittings-25% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment -25% 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.


Tanna'S Limited (Registered number: 03643623)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 132,458
AMORTISATION
At 1 April 2023
and 31 March 2024 132,458
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Tanna'S Limited (Registered number: 03643623)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,000,000 342,945 1,342,945
Additions - 37,002 37,002
Revaluations 150,000 - 150,000
At 31 March 2024 1,150,000 379,947 1,529,947
DEPRECIATION
At 1 April 2023 115,241 254,859 370,100
Charge for year 16,622 29,117 45,739
At 31 March 2024 131,863 283,976 415,839
NET BOOK VALUE
At 31 March 2024 1,018,137 95,971 1,114,108
At 31 March 2023 884,759 88,086 972,845

Included in cost or valuation of land and buildings is freehold land of £ 203,684 (2023 - £ 203,684 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 543,684 - 543,684
Valuation in 2023 456,316 342,945 799,261
Valuation in 2024 150,000 37,002 187,002
1,150,000 379,947 1,529,947

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 543,684 543,684
Aggregate depreciation 131,863 111,032

Value of land in freehold land and buildings 203,684 203,684

Freehold land and buildings were valued on an open market basis on 31 March 2024 by director .

Tanna'S Limited (Registered number: 03643623)

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

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 522,941 647,409

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 228,655 247,356
Other debtors 103,380 34,679
332,035 282,035

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 633,714 707,725
Taxation and social security 48,609 109,510
Other creditors 423,169 336,986
1,105,492 1,154,221

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 369,616
Revaluation reserve 150,000
Revaluation reserve deferred t
ax (64,879 )

At 31 March 2024 454,737

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
R D Tanna
Balance outstanding at start of year (267,758 ) (44,480 )
Amounts advanced 450 -
Amounts repaid (80,000 ) (223,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (347,308 ) (267,758 )

Tanna'S Limited (Registered number: 03643623)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Tanna
Balance outstanding at start of year - -
Amounts advanced - 32,487
Amounts repaid (137 ) (32,487 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (137 ) -