Relate AccountsProduction v2.7.3 v2.7.3 2023-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company throughout the year was the production and sale of Takker products. 28 November 2024 05715996 2024-02-29 05715996 2023-02-28 05715996 2022-02-28 05715996 2023-03-01 2024-02-29 05715996 2022-03-01 2023-02-28 05715996 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05715996 uk-curr:PoundSterling 2023-03-01 2024-02-29 05715996 uk-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05715996 uk-bus:AbridgedAccounts 2023-03-01 2024-02-29 05715996 uk-core:ShareCapital 2024-02-29 05715996 uk-core:ShareCapital 2023-02-28 05715996 uk-core:SharePremium 2024-02-29 05715996 uk-core:SharePremium 2023-02-28 05715996 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 05715996 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 05715996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 05715996 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 05715996 uk-bus:FRS102 2023-03-01 2024-02-29 05715996 uk-core:PlantMachinery 2023-03-01 2024-02-29 05715996 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 05715996 uk-core:MotorVehicles 2023-03-01 2024-02-29 05715996 2023-03-01 2024-02-29 05715996 uk-bus:CompanySecretaryDirector1 2023-03-01 2024-02-29 05715996 uk-bus:Director2 2023-03-01 2024-02-29 05715996 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 05715996
 
 
Takker Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 29 February 2024
Takker Limited
Company Registration Number: 05715996
ABRIDGED BALANCE SHEET
as at 29 February 2024

2024 2023
Notes £ £
 
Fixed Assets
 
Tangible assets 4 34,147 27,703
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Current Assets
 
Stocks 47,760 59,214
 
Debtors 61,510 70,961
 
Cash and cash equivalents 33,183 13,598
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142,453 143,773
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Creditors: amounts falling due within one year (101,914) (120,136)
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Net Current Assets 40,539 23,637
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Total Assets less Current Liabilities 74,686 51,340
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Capital and Reserves
 
Called up share capital 1,428 1,428
 
Share premium account 5 74,750 74,750
 
Retained earnings (1,492) (24,838)
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Equity attributable to owners of the company 74,686 51,340
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 November 2024 and signed on its behalf by
           
           
________________________________     ________________________________
Damien McGrane     Paul Jevens
Director     Director
           



Takker Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Takker Limited is a company limited by shares incorporated in the United Kingdom.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Reducing Balance
  Fixtures, fittings and equipment - 15% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stockss are valued at the lower of cost and net realisable value. Stockss are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 4, (2023 - 4).
 
  2024 2023
  Number Number
 
Director 2 2
Distribution 2 2
  ───────── ─────────
  4 4
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 March 2023 101,613 21,621 8,660 131,894
Additions 17,028 - - 17,028
  ───────── ───────── ───────── ─────────
At 29 February 2024 118,641 21,621 8,660 148,922
  ───────── ───────── ───────── ─────────
Depreciation
At 1 March 2023 79,849 17,109 7,233 104,191
Charge for the financial year 9,236 655 693 10,584
  ───────── ───────── ───────── ─────────
At 29 February 2024 89,085 17,764 7,926 114,775
  ───────── ───────── ───────── ─────────
Net book value
At 29 February 2024 29,556 3,857 734 34,147
  ═════════ ═════════ ═════════ ═════════
At 28 February 2023 21,764 4,512 1,427 27,703
  ═════════ ═════════ ═════════ ═════════
   
5. Reserves
 
Share Premium Reserve
 
The amount carried forward is the premium that arose from the issue of shares in 2010.
 
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 29 February 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.