Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01false66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08370030 2023-05-01 2024-04-30 08370030 2022-05-01 2023-04-30 08370030 2024-04-30 08370030 2023-04-30 08370030 c:Director1 2023-05-01 2024-04-30 08370030 d:MotorVehicles 2023-05-01 2024-04-30 08370030 d:MotorVehicles 2024-04-30 08370030 d:MotorVehicles 2023-04-30 08370030 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08370030 d:FurnitureFittings 2023-05-01 2024-04-30 08370030 d:FurnitureFittings 2024-04-30 08370030 d:FurnitureFittings 2023-04-30 08370030 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08370030 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08370030 d:Goodwill 2023-05-01 2024-04-30 08370030 d:Goodwill 2024-04-30 08370030 d:Goodwill 2023-04-30 08370030 d:CurrentFinancialInstruments 2024-04-30 08370030 d:CurrentFinancialInstruments 2023-04-30 08370030 d:CurrentFinancialInstruments 2 2024-04-30 08370030 d:CurrentFinancialInstruments 2 2023-04-30 08370030 d:CurrentFinancialInstruments 4 2024-04-30 08370030 d:CurrentFinancialInstruments 4 2023-04-30 08370030 d:Non-currentFinancialInstruments 2024-04-30 08370030 d:Non-currentFinancialInstruments 2023-04-30 08370030 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08370030 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08370030 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08370030 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 08370030 d:ShareCapital 2024-04-30 08370030 d:ShareCapital 2023-04-30 08370030 d:RetainedEarningsAccumulatedLosses 2024-04-30 08370030 d:RetainedEarningsAccumulatedLosses 2023-04-30 08370030 c:FRS102 2023-05-01 2024-04-30 08370030 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08370030 c:FullAccounts 2023-05-01 2024-04-30 08370030 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08370030 f:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 08370030










TINIJ LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TINIJ LTD
REGISTERED NUMBER: 08370030

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
20,360
25,450

  
20,360
25,450

Current assets
  

Stocks
  
114,494
110,090

Debtors: amounts falling due within one year
 6 
270,351
243,776

Bank and cash balances
  
394,230
225,726

  
779,075
579,592

Creditors: amounts falling due within one year
 7 
(283,915)
(230,363)

Net current assets
  
 
 
495,160
 
 
349,229

Total assets less current liabilities
  
515,520
374,679

Creditors: amounts falling due after more than one year
 8 
(11,867)
(21,651)

  

Net assets
  
503,653
353,028


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
503,553
352,928

  
503,653
353,028


Page 1

 
TINIJ LTD
REGISTERED NUMBER: 08370030
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




Mr P Mistry
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Tinij Limited is a private company, limited by share capital, registered in England and Wales under registration number 08370030. The address of the registered office is at 422d Finchampstead Road, Wokingham, Berkshire, RG40 3RB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
7
years

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 6

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
1,185,469



At 30 April 2024

1,185,469



Amortisation


At 1 May 2023
1,185,469



At 30 April 2024

1,185,469



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 7

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Motor vehicle
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 May 2023
31,871
17,915
49,786



At 30 April 2024

31,871
17,915
49,786



Depreciation


At 1 May 2023
9,994
14,342
24,336


Charge for the year on owned assets
4,375
715
5,090



At 30 April 2024

14,369
15,057
29,426



Net book value



At 30 April 2024
17,502
2,858
20,360



At 30 April 2023
21,877
3,573
25,450


6.


Debtors

2024
2023
£
£


Trade debtors
94,348
76,877

Other debtors
25,000
75,000

VAT repayable
13,735
24,619

Section 458 tax repayable
32,078
-

Deferred taxation
1,528
515

Directors' loan account
95,047
61,789

Prepayments and accrued income
8,615
4,976

270,351
243,776


Included within debtors due within one year is a loan to directors  Mr Pravin Mistry and Mrs Varsha Mistry, amounting to £95,047 (2023 - £61,789). The directors paid the company £2,091 (2023 - £1,222) as interest, calculated at the prevailing HMRC official rate of interest.



Page 8

 
TINIJ LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
185,576
160,622

Bank loans
10,633
10,849

Corporation tax and Section 455 tax payable
82,080
54,409

Wages and salaries payable
-
3,625

Pension deductions payable
255
248

Other taxation and social security
1,571
370

Accruals and deferred income
3,800
240

283,915
230,363


Bank loans includes an unsecured bounce back loan of £10,633 (2023 - £10,849) at 30 April 2024.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,867
21,651

11,867
21,651


Bank loans includes an unsecured bounce back loan of £11,867 (2023 - £21,651) at 30 April 2024.


9.


Controlling party

The company is under the control of the directors Mr Pravin Mistry (80% Ordinary share) and Mrs Varsha Mistry (20% Ordinary share), by virtue of the fact that between them they own 100% of the issued share capital.

 
Page 9