Registered number
04176557
Tanson Ltd
Filleted Accounts
30 April 2024
Tanson Ltd
Registered number: 04176557
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 8,092 10,789
Current assets
Stocks 66,572 63,732
Cash at bank and in hand 245,549 257,664
312,121 321,396
Creditors: amounts falling due within one year 5 (27,078) (26,476)
Net current assets 285,043 294,920
Total assets less current liabilities 293,135 305,709
Creditors: amounts falling due after more than one year 6 17,640 (12,802)
Net assets 310,775 292,907
Capital and reserves
Called up share capital 100 100
Profit and loss account 310,675 292,807
Shareholders' funds 310,775 292,907
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Yadavinder Singh Uppal
Director
Approved by the board on 16 January 2025
Tanson Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% on reducing balance
Fixtures, fittings, tools and equipment 25% on reducing balance
Vehicles 25% on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate. The company made contribution to registered pension scheme.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 170,000
At 30 April 2024 170,000
Amortisation
At 1 May 2023 170,000
At 30 April 2024 170,000
Net book value
At 30 April 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 69,942 36,164 106,106
At 30 April 2024 69,942 36,164 106,106
Depreciation
At 1 May 2023 67,195 28,122 95,317
Charge for the year 686 2,011 2,697
At 30 April 2024 67,881 30,133 98,014
Net book value
At 30 April 2024 2,061 6,031 8,092
At 30 April 2023 2,747 8,042 10,789
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,817 15,179
Corporation tax 5,763 6,567
Other taxes and social security costs 8,448 3,679
Other creditors 1,050 1,051
27,078 26,476
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors (17,640) 12,802
7 Other information
Tanson Ltd is a private company limited by shares and incorporated in England. Its registered office is:
143-145
Canterbury Street
Gillingham
Kent
ME7 5TT
Tanson Ltd 04176557 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr Yadavinder Singh Uppal No description of principal activity 04176557 2022-05-01 2023-04-30 04176557 core:WithinOneYear 2023-04-30 04176557 core:AfterOneYear 2023-04-30 04176557 core:ShareCapital 2023-04-30 04176557 core:RetainedEarningsAccumulatedLosses 2023-04-30 04176557 2023-05-01 2024-04-30 04176557 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04176557 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04176557 bus:Director40 2023-05-01 2024-04-30 04176557 1 2023-05-01 2024-04-30 04176557 2 2023-05-01 2024-04-30 04176557 core:PlantMachinery 2023-05-01 2024-04-30 04176557 core:Vehicles 2023-05-01 2024-04-30 04176557 countries:England 2023-05-01 2024-04-30 04176557 bus:FRS102 2023-05-01 2024-04-30 04176557 bus:FilletedAccounts 2023-05-01 2024-04-30 04176557 2024-04-30 04176557 core:WithinOneYear 2024-04-30 04176557 core:AfterOneYear 2024-04-30 04176557 core:ShareCapital 2024-04-30 04176557 core:RetainedEarningsAccumulatedLosses 2024-04-30 04176557 core:Goodwill 2024-04-30 04176557 core:PlantMachinery 2024-04-30 04176557 core:Vehicles 2024-04-30 04176557 2023-04-30 04176557 core:Goodwill 2023-04-30 04176557 core:PlantMachinery 2023-04-30 04176557 core:Vehicles 2023-04-30 iso4217:GBP xbrli:pure