2023-06-01 SC196743 2024-05-31 SC196743 2023-06-01 2024-05-31 SC196743 2023-05-31 SC196743 2022-06-01 2023-05-31 SC196743 uk-core:WithinOneYear 2023-05-31 SC196743 uk-core:WithinOneYear 2024-05-31 SC196743 uk-core:AfterOneYear 2023-05-31 SC196743 uk-core:AfterOneYear 2024-05-31 SC196743 uk-core:ShareCapital 2024-05-31 SC196743 uk-core:ShareCapital 2023-05-31 SC196743 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC196743 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 SC196743 uk-bus:Director1 2023-06-01 2024-05-31 SC196743 uk-core:ComputerEquipment 2023-06-01 2024-05-31 SC196743 uk-core:WithinOneYear 2024-05-31 SC196743 uk-core:WithinOneYear 2023-05-31 SC196743 uk-core:AfterOneYear uk-core:Secured 2024-05-31 SC196743 uk-core:AfterOneYear uk-core:Secured 2023-05-31 iso4217:GBP xbrli:pure SC196743 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC196743 uk-bus:FRS102 2023-06-01 2024-05-31 SC196743 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 SC196743 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Tignet Ltd
Registered Number:SC196743
For the year ended 31 May 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 May 2024
Tignet Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC196743
As at 31 May 2024
Tignet Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
500
750
2
500
750
Current assets
Trade and other receivables
14,240
12,715
3
4,412
Cash and cash equivalents
1,508
14,223
18,652
Trade and other payables: amounts falling due within one
year
(8,078)
(7,400)
4
10,574
6,823
Net current assets
Total assets less current liabilities
7,323
11,324
Trade and other payables: amounts falling due after more
than one year
(11,323)
(7,323)
5
-
Net assets/liabilities
1
Capital and reserves
Called up share capital
100
100
Retained earnings
(100)
(99)
-
1
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Donald J Wright Director
These financial statements were approved and authorised for issue by the Board on 20 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
Tignet Ltd
Notes to the Financial Statements
Statutory Information
Tignet Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC196743.
Registered address:
1f2 Walker Street
Edinburgh
EH3 7JY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer equipment
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 June 2023
1,250
At 31 May 2024
1,250
Provision for depreciation and impairment
At 01 June 2023
500
Charge for year
250
At 31 May 2024
750
At 31 May 2024
Net book value
500
At 31 May 2023
750
2 of 3
5
For the year ended 31 May 2024
Tignet Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
12,715
14,240
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
4,000
4,000
Taxation and social security
3,040
3,778
Other creditors
360
300
7,400
8,078
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
7,323
11,323
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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