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REGISTERED NUMBER: 08512873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TAVATO LIMITED

TAVATO LIMITED (REGISTERED NUMBER: 08512873)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAVATO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr C W Knight





SECRETARY: Mrs B J Howe





REGISTERED OFFICE: Unit 19, Mitchell Point
Ensign Way
Hamble
Southampton
Hampshire
SO31 4RF





REGISTERED NUMBER: 08512873 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

TAVATO LIMITED (REGISTERED NUMBER: 08512873)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,584 2,112
Investments 5 299 303
1,883 2,415

CURRENT ASSETS
Debtors 6 381,256 364,132
Cash at bank 10,704 33,778
391,960 397,910
CREDITORS
Amounts falling due within one year 7 50,376 53,523
NET CURRENT ASSETS 341,584 344,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,467

346,802

CREDITORS
Amounts falling due after more than one
year

8

79,075

83,909
NET ASSETS 264,392 262,893

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 264,192 262,693
SHAREHOLDERS' FUNDS 264,392 262,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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 director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TAVATO LIMITED (REGISTERED NUMBER: 08512873)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Mr C W Knight - Director


TAVATO LIMITED (REGISTERED NUMBER: 08512873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Tavato Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Tavato Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts receivable for consultancy services provided, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


TAVATO LIMITED (REGISTERED NUMBER: 08512873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 6,820 1,508 8,328
DEPRECIATION
At 1 June 2023 4,708 1,508 6,216
Charge for year 528 - 528
At 31 May 2024 5,236 1,508 6,744
NET BOOK VALUE
At 31 May 2024 1,584 - 1,584
At 31 May 2023 2,112 - 2,112

TAVATO LIMITED (REGISTERED NUMBER: 08512873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023 303
Disposals (4 )
At 31 May 2024 299
NET BOOK VALUE
At 31 May 2024 299
At 31 May 2023 303

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 185,034 231,910

Amounts falling due after more than one year:
Amounts owed by group undertakings 156,222 132,222
Other debtors 40,000 -
196,222 132,222

Aggregate amounts 381,256 364,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,215 6,215
Trade creditors 1,924 983
Amounts owed to associates - 40
Taxation and social security 18,305 23,143
Other creditors 23,932 23,142
50,376 53,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,875 30,056
Amounts owed to group undertakings 54,200 53,853
79,075 83,909

TAVATO LIMITED (REGISTERED NUMBER: 08512873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. LEASING AGREEMENTS

Amounts payable under non-cancellable operating leases at 31 May 2024 £93,074 were (2023 £115,679).

10. SECURED DEBTS

The debts due under hire purchase agreements are secured on the assets to which the liabilities relate.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr C W Knight
Balance outstanding at start of year 89,513 23,351
Amounts advanced 53,382 162,728
Amounts repaid (73,285 ) (96,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,610 89,513

Interest has been charged at HMRC's official rate on this loan, which is repayable on demand.