Company registration number: 10027326
Unaudited financial statements
for the year ended 31 March 2024
for
Steve Tagg Ltd
Pages for filing with the Registrar
Company registration number: 10027326
Steve Tagg Ltd
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 1,500 3,000
Tangible assets 5 140 13,128
1,640 16,128
Current assets
Debtors 9 9
Cash at bank and in hand 96,086 86,874
96,095 86,883
Creditors: amounts falling due within
one year
(3,500) (3,526)
Net current assets 92,595 83,357
Total assets less current liabilities 94,235 99,485
NET ASSETS 94,235 99,485
Capital and reserves
Called up share capital 101 101
Profit and loss account 94,134 99,384
TOTAL EQUITY 94,235 99,485
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10027326
Steve Tagg Ltd
Balance sheet - continued
as at 31 March 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 December 2024 and signed on its behalf by:
Mr S Tagg, Director
20 December 2024
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Steve Tagg Ltd
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Steve Tagg Ltd is a private company registered in England and Wales. Its registered number is 10027326. The company is limited by shares. Its registered office is Swallows Cowesfield, Whiteparish, Salisbury, SP5 2RB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Computer equipment - 20% straight line
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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Steve Tagg Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
4 Intangible assets
Goodwill
£
Cost
At 1 April 2023 15,000
At 31 March 2024 15,000
Amortisation
At 1 April 2023 12,000
Charge for year 1,500
At 31 March 2024 13,500
Net book value
At 31 March 2024 1,500
At 31 March 2023 3,000
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 45,596
Disposals (10,000)
At 31 March 2024 35,596
Depreciation
At 1 April 2023 32,468
Charge for year 2,988
At 31 March 2024 35,456
Net book value
At 31 March 2024 140
At 31 March 2023 13,128
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Steve Tagg Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023.
2024 2023
£ £
Mr Stephen Tagg
Balance outstanding at start of year (3,499) -
Balance outstanding at end of year (3,499) -
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