Company Registration No. SC262229 (Scotland)
Tirna Electronics Limited
Unaudited accounts
for the year ended 30 April 2024
Tirna Electronics Limited
Unaudited accounts
Contents
Tirna Electronics Limited
Company Information
for the year ended 30 April 2024
Directors
James H Dripps
Robin J Dripps
Margaret H Dripps
Company Number
SC262229 (Scotland)
Registered Office
3 RODERICK PLACE
WEST LINTON
PEEBLESHIRE
EH46 7ES
Accountants
R Books Limited
16 Crookston Place
Peebles
Scottish Borders
EH45 9AL
Tirna Electronics Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
38,089
1,508
Creditors: amounts falling due within one year
(129,127)
(114,391)
Net current liabilities
(86,619)
(112,883)
Net liabilities
(86,619)
(112,783)
Called up share capital
1
1
Profit and loss account
(86,620)
(112,784)
Shareholders' funds
(86,619)
(112,783)
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
James H Dripps
Director
Company Registration No. SC262229
Tirna Electronics Limited
Notes to the Accounts
for the year ended 30 April 2024
Tirna Electronics Limited is a private company, limited by shares, registered in Scotland, registration number SC262229. The registered office is 3 RODERICK PLACE, WEST LINTON, PEEBLESHIRE, EH46 7ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Straight Line
Computer equipment
25% - Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
A deferred tax asset is recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable profits from which the reversal of the underlying timing differences can be deducted.
The company meets its day to day working capital requirements through continued support of the directors. The directors have confirmed that they will not require repayment of the loan unless all other creditors have been paid. The accounts have therefore been prepared on going concern basis.
Tirna Electronics Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
3,464
4,786
8,250
At 30 April 2024
3,464
4,786
8,250
At 1 May 2023
3,464
4,686
8,150
Charge for the year
-
100
100
At 30 April 2024
3,464
4,786
8,250
At 30 April 2023
-
100
100
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
793
-
Other creditors
1,580
1,812
Loans from directors
125,962
111,739
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
At the year end the company owed the Director, James H Dripps £125,962 (2023 : £111,739).
The loan is interest free and has no fixed terms of repayment.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).