Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseWholesale of clothing and footwear33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01529620 2023-04-01 2024-03-31 01529620 2022-04-01 2023-03-31 01529620 2024-03-31 01529620 2023-03-31 01529620 c:Director1 2023-04-01 2024-03-31 01529620 c:Director2 2023-04-01 2024-03-31 01529620 d:Buildings 2023-04-01 2024-03-31 01529620 d:PlantMachinery 2023-04-01 2024-03-31 01529620 d:PlantMachinery 2024-03-31 01529620 d:PlantMachinery 2023-03-31 01529620 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01529620 d:MotorVehicles 2023-04-01 2024-03-31 01529620 d:MotorVehicles 2024-03-31 01529620 d:MotorVehicles 2023-03-31 01529620 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01529620 d:FurnitureFittings 2023-04-01 2024-03-31 01529620 d:FurnitureFittings 2024-03-31 01529620 d:FurnitureFittings 2023-03-31 01529620 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01529620 d:OfficeEquipment 2023-04-01 2024-03-31 01529620 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 01529620 d:OtherPropertyPlantEquipment 2024-03-31 01529620 d:OtherPropertyPlantEquipment 2023-03-31 01529620 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01529620 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01529620 d:CurrentFinancialInstruments 2024-03-31 01529620 d:CurrentFinancialInstruments 2023-03-31 01529620 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01529620 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01529620 d:ShareCapital 2024-03-31 01529620 d:ShareCapital 2023-03-31 01529620 d:RetainedEarningsAccumulatedLosses 2024-03-31 01529620 d:RetainedEarningsAccumulatedLosses 2023-03-31 01529620 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01529620 c:OrdinaryShareClass1 2024-03-31 01529620 c:FRS102 2023-04-01 2024-03-31 01529620 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01529620 c:FullAccounts 2023-04-01 2024-03-31 01529620 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01529620 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-03-31 01529620 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 01529620 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 01529620 2 2023-04-01 2024-03-31 01529620 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01529620










TANSIDE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
TANSIDE LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 9


 
TANSIDE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TANSIDE LTD
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tanside Ltd for the year ended 31 March 2024 which comprise  the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Tanside Ltd, as a body, in accordance with the terms of our engagement letter dated 27 April 2023Our work has been undertaken solely to prepare for your approval the financial statements of Tanside Ltd and state those matters that we have agreed to state to the board of directors of Tanside Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tanside Ltd and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Tanside Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tanside Ltd. You consider that Tanside Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Tanside Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
26 November 2024
Page 1

 
TANSIDE LTD
REGISTERED NUMBER: 01529620

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
49,080
56,371

  
49,080
56,371

Current assets
  

Stocks
  
12,075
11,500

Debtors: amounts falling due within one year
 5 
180
258,028

Cash at bank and in hand
  
36,574
34,734

  
48,829
304,262

Creditors: amounts falling due within one year
 6 
(23,377)
(22,390)

Net current assets
  
 
 
25,452
 
 
281,872

Total assets less current liabilities
  
74,532
338,243

  

Net assets
  
74,532
338,243


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
74,432
338,143

  
74,532
338,243


Page 2

 
TANSIDE LTD
REGISTERED NUMBER: 01529620
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2024.




J Haynes
S Haynes
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Tanside Ltd is a private United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales, registration number 01529620. The registered office is Back Lane Farm, High London Lane, Winfarthing, Diss, Norfolk, IP22 2EF. The company's trading address is Diss, Norfolk.
The company's principle activity is the wholesale of clothing and footwear.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the Turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before Turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of Turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Taxation

The tax expense for the year comprises current tax. 

Current tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Leasehold property improvements
-
4%
Straight line
Plant and machinery
-
25%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Fixtures and fittings
-
25%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2)






Page 7

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Leasehold property improvements
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
79,135
50,500
24,245
107,492
261,372


Additions
-
-
1,824
-
1,824


Disposals
-
-
(2,001)
-
(2,001)



At 31 March 2024

79,135
50,500
24,068
107,492
261,195



Depreciation


At 1 April 2023
78,637
34,521
23,665
68,178
205,001


Charge for the year on owned assets
124
3,995
569
4,300
8,988


Disposals
-
-
(1,874)
-
(1,874)



At 31 March 2024

78,761
38,516
22,360
72,478
212,115



Net book value



At 31 March 2024
374
11,984
1,708
35,014
49,080



At 31 March 2023
498
15,979
579
39,314
56,370

Page 8

 
TANSIDE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
-
258,000

Prepayments and accrued income
180
28

180
258,028



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
197
654

Amounts owed to group undertakings
1,221
-

Other taxation and social security
11,356
8,828

Other creditors
5,587
7,916

Accruals and deferred income
5,016
4,992

23,377
22,390



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100  Ordinary shares of £1.00 each
100
100



8.


Related party transactions

The balance on the director's loan account as at 31 March 2024 was £449 (2023 - £2,449) owing to the director from the company as included in other creditors note 6 above. 
The loan is interest free and repayable on demand.

 
Page 9