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REGISTERED NUMBER: 14075332 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TABOO TRADING LTD

TABOO TRADING LTD (REGISTERED NUMBER: 14075332)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TABOO TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: N P R Selby
Mrs K Selby





REGISTERED OFFICE: 39a Lillington Avenue Road
Leamington Spa
West Midlands
CV32 5YX





REGISTERED NUMBER: 14075332 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

TABOO TRADING LTD (REGISTERED NUMBER: 14075332)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,505 3,788

CURRENT ASSETS
Debtors 5 - 10,000
Cash at bank 28,973 34,204
28,973 44,204
CREDITORS
Amounts falling due within one year 6 24,215 28,631
NET CURRENT ASSETS 4,758 15,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,263

19,361

PROVISIONS FOR LIABILITIES 1,046 -
NET ASSETS 9,217 19,361

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 7 9,215 19,359
9,217 19,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TABOO TRADING LTD (REGISTERED NUMBER: 14075332)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





N P R Selby - Director


TABOO TRADING LTD (REGISTERED NUMBER: 14075332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Taboo Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TABOO TRADING LTD (REGISTERED NUMBER: 14075332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 3,139 2,141 5,280
Additions 3,632 429 4,061
At 30 June 2024 6,771 2,570 9,341
DEPRECIATION
At 1 July 2023 785 707 1,492
Charge for year 1,496 848 2,344
At 30 June 2024 2,281 1,555 3,836
NET BOOK VALUE
At 30 June 2024 4,490 1,015 5,505
At 30 June 2023 2,354 1,434 3,788

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 103 -
Corporation tax 18,040 8,137
Social security and other taxes 235 -
VAT 4,485 4,303
Directors' current accounts 192 1,435
Accruals and deferred income - 13,658
Accrued expenses 1,160 1,098
24,215 28,631

7. RESERVES
Retained
earnings
£   

At 1 July 2023 19,359
Profit for the year 64,856
Dividends (75,000 )
At 30 June 2024 9,215