Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseThe principal activity of the Company is to suppy finest luggage, handbags and accessories.2022-07-01false55truetrue 09742958 2022-07-01 2023-06-30 09742958 2021-07-01 2022-06-30 09742958 2023-06-30 09742958 2022-06-30 09742958 c:Director1 2022-07-01 2023-06-30 09742958 d:PlantMachinery 2022-07-01 2023-06-30 09742958 d:PlantMachinery 2023-06-30 09742958 d:PlantMachinery 2022-06-30 09742958 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09742958 d:OfficeEquipment 2022-07-01 2023-06-30 09742958 d:OfficeEquipment 2023-06-30 09742958 d:OfficeEquipment 2022-06-30 09742958 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09742958 d:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 09742958 d:OtherPropertyPlantEquipment 2023-06-30 09742958 d:OtherPropertyPlantEquipment 2022-06-30 09742958 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09742958 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 09742958 d:CurrentFinancialInstruments 2023-06-30 09742958 d:CurrentFinancialInstruments 2022-06-30 09742958 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09742958 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09742958 d:ShareCapital 2023-06-30 09742958 d:ShareCapital 2022-06-30 09742958 d:SharePremium 2023-06-30 09742958 d:SharePremium 2022-06-30 09742958 d:RetainedEarningsAccumulatedLosses 2023-06-30 09742958 d:RetainedEarningsAccumulatedLosses 2022-06-30 09742958 c:OrdinaryShareClass1 2022-07-01 2023-06-30 09742958 c:OrdinaryShareClass1 2023-06-30 09742958 c:OrdinaryShareClass2 2022-07-01 2023-06-30 09742958 c:OrdinaryShareClass2 2023-06-30 09742958 c:OrdinaryShareClass3 2022-07-01 2023-06-30 09742958 c:OrdinaryShareClass3 2023-06-30 09742958 c:OrdinaryShareClass4 2022-07-01 2023-06-30 09742958 c:OrdinaryShareClass4 2023-06-30 09742958 c:FRS102 2022-07-01 2023-06-30 09742958 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09742958 c:FullAccounts 2022-07-01 2023-06-30 09742958 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09742958 6 2022-07-01 2023-06-30 09742958 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09742958














TANNER KROLLE INTERNATIONAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

 
TANNER KROLLE INTERNATIONAL LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 8


 
TANNER KROLLE INTERNATIONAL LIMITED
REGISTERED NUMBER:09742958

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,175
19,133

Investments
 5 
1
1

  
10,176
19,134

Current assets
  

Stocks
 6 
123,705
98,763

Debtors: amounts falling due within one year
 7 
419,386
264,297

Cash at bank and in hand
  
18,219
114,761

  
561,310
477,821

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(3,579,878)
(3,108,714)

Net current liabilities
  
 
 
(3,018,568)
 
 
(2,630,893)

  

Net liabilities
  
(3,008,392)
(2,611,759)


Capital and reserves
  

Called up share capital 
 9 
120
120

Share premium account
  
1,174,960
1,174,960

Profit and loss account
  
(4,183,472)
(3,786,839)

  
(3,008,392)
(2,611,759)


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.

Page 1

 
TANNER KROLLE INTERNATIONAL LIMITED
REGISTERED NUMBER:09742958
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The Company has opted not to file the statement of comprehensive income 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 22 January 2025.




J F Genovese
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Tanner Krolle International Limited is a private limited liability company incorporated in England and Wales, with its registered office at 2nd Floor Connaught House,1-3 Mount Street (entrance via Davies Street), London, W1K 3NB. The Company’s business address is 127 Mount Street, London, W1K 3NT.
The principal activity of the Company is to supply finest luggage, handbags and accessories. 

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

Going concern

As at 30 June 2023, the Company had accumulated losses of £4,183,472 (2022 - £3,786,839). The directors have prepared projected cashflow forecasts for the period ending 12 months from the date of their approval of these financial statements and based on these and the continued financial support of the company's principal group undertakings, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Revenue

Turnover comprises revenue recognised by the Company in respect of goods sold during the year, exclusive of Value Added Tax.

Revenue is recognised in the period in which goods are supplied.

 
2.5

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.

Page 3

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance
Other fixed assets
-
33%
Straight line

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

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.

 
2.8

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.9

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. 

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

Page 4

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.12

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.13

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.

 
2.14

Taxation

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.

Page 5

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Plant and machinery
Office equipment
Other fixed assets
Total

£
£
£
£



Cost


At 1 July 2022
15,084
8,005
26,796
49,885



At 30 June 2023

15,084
8,005
26,796
49,885



Depreciation


At 1 July 2022
6,967
4,703
19,083
30,753


Charge for the year on owned assets
2,029
826
6,102
8,957



At 30 June 2023

8,996
5,529
25,185
39,710



Net book value



At 30 June 2023
6,088
2,476
1,611
10,175



At 30 June 2022
8,117
3,303
7,713
19,133


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 July 2022
1



At 30 June 2023
1




Page 6

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
123,705
98,763



7.


Debtors

2023
2022
£
£


Trade debtors
14,868
108,965

Other debtors
359,153
127,090

Called up share capital not paid
30
30

Prepayments and accrued income
45,335
28,212

419,386
264,297



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
351
-

Trade creditors
243,452
65,439

Amounts owed to group companies
3,299,907
1,767,662

Other taxation and social security
-
1,913

Other creditors
16,756
1,075,713

Accruals and deferred income
19,412
197,987

3,579,878
3,108,714


Page 7

 
TANNER KROLLE INTERNATIONAL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



20,000 Ordinary class A shares of £0.001 each
20
20
44,583 Ordinary class B shares of £0.001 each
45
45
25,000 Ordinary class D shares of £0.001 each
25
25

90

90

Allotted, called up and partly paid



30,000 Ordinary class C shares of £0.001 each
30
30

A, B, C and D Ordinary Shares rank pari passu in all respects.


 
Page 8