Company registration number: 09843653
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 OCTOBER 2024
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TAILORMADE AFRICA LIMITED
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COMPANY INFORMATION
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The Long Barn Cobham Park Road
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TAILORMADE AFRICA LIMITED
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CONTENTS
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Statement of Financial Position
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Notes to the Financial Statements
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TAILORMADE AFRICA LIMITED
REGISTERED NUMBER:09843653
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STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Allotted, called up and fully paid share capital
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TAILORMADE AFRICA LIMITED
REGISTERED NUMBER:09843653
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024
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.
The Company has opted not to file the statement of income and retained earnings 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 by:
The notes on pages 3 to 6 form part of these financial statements.
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TAILORMADE AFRICA LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Tailormade Africa Limited is a private company limited by shares and registered in England and Wales. The Company's registered number and registered office address can be found on the company information page.
2.Accounting policies
At the balance sheet date, the company had net liabilities of £54,956 (2023: £9,364).
With the current company forecasts, the Directors are satisfied that the going concern basis of preparation continues to be appropriate.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Comprehensive Income.
Turnover comprises gross receipts in respect of travel bookings which have taken place during during the period, exclusive of Value Added Tax and trade discounts.
Turnover is recognised in the period in which services are provided, with the exception of non-refundable deposits which are recognised in full at the point of receipt.
Interest income is recognised in profit or loss using the effective interest method.
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.
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TAILORMADE AFRICA LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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 the Statement of Income and Retained Earnings.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, and loans from banks and other third parties.
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The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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TAILORMADE AFRICA LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
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Debtors: Amounts falling due within one year
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Accruals and deferred income
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The balance included within other loans has been personally guaranteed by the directors of the company.
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Creditors: Amounts falling due after more than one year
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The balance included within other loans has been personally guaranteed by the directors of the company.
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TAILORMADE AFRICA LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
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Commitments under operating leases
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At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Transactions with directors
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Included within other creditors at 31 October 2024 is a balance of £5,829 (2023 - £2,329) advanced to the company by the directors. During the year, £3,500 was advanced to the company (2023 - £Nil) and £Nil has been repaid by the company (2023 - £Nil). No interest is being charged on this balance.
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