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Registered number: 10085258
Taiga Associates Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10085258
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 87,233 55,782
Cash at bank and in hand 67,375 75,451
154,608 131,233
Creditors: Amounts Falling Due Within One Year 5 (150,105 ) (129,431 )
NET CURRENT ASSETS (LIABILITIES) 4,503 1,802
TOTAL ASSETS LESS CURRENT LIABILITIES 4,503 1,802
NET ASSETS 4,503 1,802
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account 4,303 1,602
SHAREHOLDERS' FUNDS 4,503 1,802
For the year ending 31 March 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 J J Holder
Director
3 December 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Taiga Associates Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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 probisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from consultancy services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
2.3. 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.
Debtors and creditors receivable / payable within one year 
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,336 50,744
Prepayments and accrued income 2,527 1,307
Corporation tax recoverable assets - 601
VAT 1,370 3,130
87,233 55,782
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 83,549 45,540
Corporation tax 382 -
Accruals and deferred income 66,174 83,891
150,105 129,431
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
100 Ordinary A shares of £ 1.00 each 100 100
200 200
7. Related Party Transactions
During the year the company had transactions with other businesses in which the directors had a participating interest.  The aggregate of these transactions in the year amounted to £1,324,391 (2023 - £1,312,122).  As at the 31 March 2024, the company owed these businesses £41,088 (2023 - £29,181).
Page 3