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REGISTERED NUMBER: 09754097 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tuliptame Ltd

Tuliptame Ltd (Registered number: 09754097)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tuliptame Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Allen
B G Eades





REGISTERED OFFICE: Universal Square
Builsing 2, 3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 09754097 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Tuliptame Ltd (Registered number: 09754097)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 4 3,380,977 3,380,977
Debtors 5 830,466 1,192,341
Cash at bank 55,264 -
4,266,707 4,573,318
CREDITORS
Amounts falling due within one year 6 535,166 760,167
NET CURRENT ASSETS 3,731,541 3,813,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,731,541

3,813,151

CREDITORS
Amounts falling due after more than one
year

7

2,239,498

2,443,089
NET ASSETS 1,492,043 1,370,062

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,491,943 1,369,962
SHAREHOLDERS' FUNDS 1,492,043 1,370,062

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 16 September 2024 and were signed on its behalf by:



Mrs C Allen - Director


Tuliptame Ltd (Registered number: 09754097)

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

1. STATUTORY INFORMATION

Tuliptame Ltd 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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. STOCKS
31.3.24 31.3.23
£    £   
Stocks 3,380,977 3,380,977

Tuliptame Ltd (Registered number: 09754097)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,531 15,934
Other debtors 318,286 596,964
Associated company loans 420,726 538,572
VAT 4,015 -
Prepayments and accrued income 84,908 40,871
830,466 1,192,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 39,784
Trade creditors 67,202 105,537
Tax 120,960 167,060
VAT - 33,985
Other creditors 297,592 107,923
Associated company loans 8,141 129,483
Accruals and deferred income 41,271 176,395
535,166 760,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,239,498 2,443,089

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,369,962
Profit for the year 121,981
At 31 March 2024 1,491,943