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Company registration number: 08363144

Tambourline Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Tambourline Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Tambourline Limited

Company Information

Director

Mr J M Jackson

Registered office

3 Wedge Avenue
Haydock
St Helens
Merseyside
WA11 0DY

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Tambourline Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tambourline Limited for the year ended 31 January 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Tambourline Limited, as a body, in accordance with the terms of our engagement letter dated 4 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Tambourline Limited and state those matters that we have agreed to state to the Board of Directors of Tambourline Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tambourline Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Tambourline Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tambourline Limited. You consider that Tambourline Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tambourline Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

30 January 2025

 

Tambourline Limited

(Registration number: 08363144)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

210,056

162,440

Current assets

 

Stocks

133,410

169,358

Debtors

5

105,193

91,463

Cash at bank and in hand

 

32,209

6,984

 

270,812

267,805

Creditors: Amounts falling due within one year

6

(55,254)

(70,267)

Net current assets

 

215,558

197,538

Total assets less current liabilities

 

425,614

359,978

Creditors: Amounts falling due after more than one year

6

(106,117)

(53,109)

Provisions for liabilities

(23,837)

(21,883)

Net assets

 

295,660

284,986

Capital and reserves

 

Called up share capital

100

100

Retained earnings

295,560

284,886

Shareholders' funds

 

295,660

284,986

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 January 2025
 

 

Tambourline Limited

(Registration number: 08363144)
Balance Sheet as at 31 January 2024

.........................................
Mr J M Jackson
Director

   
     
 

Tambourline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Wedge Avenue
Haydock
St Helens
Merseyside
WA11 0DY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Revenue comprises the fair value of the sale of goods and services net of value added tax, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer and they are accepted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

15% reducing balance

Fixtures & fittings

15% reducing balance

Motor vehicles

20% reducing balance

Office equipment

33% straight line

Leasehold improvements

10% straight line

 

Tambourline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Assets held under finance lease and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term.

Finance lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. The pension costs charged in the financial statements represent the contributions payable by the company during the year.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

Tambourline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

75,632

1,982

76,605

8,966

110,230

273,415

Additions

-

1,040

18,770

693

72,280

92,783

At 31 January 2024

75,632

3,022

95,375

9,659

182,510

366,198

Depreciation

At 1 February 2023

21,618

1,421

31,758

8,284

47,894

110,975

Charge for the year

7,562

239

9,543

900

26,923

45,167

At 31 January 2024

29,180

1,660

41,301

9,184

74,817

156,142

Carrying amount

At 31 January 2024

46,452

1,362

54,074

475

107,693

210,056

At 31 January 2023

54,014

561

44,847

682

62,336

162,440

Included within the net book value of land and buildings above is £46,452 (2023 - £54,014) in respect of long leasehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

64,271

63,894

Other debtors

40,922

27,569

105,193

91,463

 

Tambourline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

2,376

Trade creditors

 

5

2,335

Corporation tax

 

521

23,284

Other creditors

 

54,728

42,272

 

55,254

70,267


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £25,749 (2023 - £12,029).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

106,117

53,109


Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £106,117 (2023 - £53,109).

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £4,260 (2023 - £18,104).

 

Tambourline Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Mr J M Jackson

Directors loan

18,511

24,754

(14,000)

29,265

         
       

 

2023

At 1 February 2022
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Mr J M Jackson

Directors loan

13,993

30,820

(26,302)

18,511

         
       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.