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Company No: 05253223 (England and Wales)

TICK-TOCK CONSULTING LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

TICK-TOCK CONSULTING LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

TICK-TOCK CONSULTING LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
TICK-TOCK CONSULTING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
Directors C S Hextall
W H Hextall
Secretary C S Hextall
Registered office Springfield House
Springfield Road
Horsham
RH12 2RG
United Kingdom
Company number 05253223 (England and Wales)
Accountant Kreston Reeves LLP
Springfield House
Springfield Road
Horsham
West Sussex
RH12 2RG
TICK-TOCK CONSULTING LIMITED

BALANCE SHEET

As at 31 October 2024
TICK-TOCK CONSULTING LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,181 14,976
11,181 14,976
Current assets
Debtors 4 57,653 116,319
Cash at bank and in hand 1,438,396 1,963,777
1,496,049 2,080,096
Creditors: amounts falling due within one year 5 ( 25,281) ( 320,598)
Net current assets 1,470,768 1,759,498
Total assets less current liabilities 1,481,949 1,774,474
Provision for liabilities 6 ( 2,795) ( 3,744)
Net assets 1,479,154 1,770,730
Capital and reserves
Called-up share capital 100 100
Profit and loss account 1,479,054 1,770,630
Total shareholders' funds 1,479,154 1,770,730

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

Directors' responsibilities:

The financial statements of Tick-Tock Consulting Limited (registered number: 05253223) were approved and authorised for issue by the Board of Directors on 07 May 2025. They were signed on its behalf by:

W H Hextall
Director
TICK-TOCK CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
TICK-TOCK CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tick-Tock Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Springfield House, Springfield Road, Horsham, RH12 2RG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £1.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. Deferred tax is provided in full 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. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 November 2023 21,629 3,646 25,275
At 31 October 2024 21,629 3,646 25,275
Accumulated depreciation
At 01 November 2023 7,292 3,007 10,299
Charge for the financial year 3,584 211 3,795
At 31 October 2024 10,876 3,218 14,094
Net book value
At 31 October 2024 10,753 428 11,181
At 31 October 2023 14,337 639 14,976

4. Debtors

2024 2023
£ £
Trade debtors 756 116,319
Corporation tax 56,897 0
57,653 116,319

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 16,558 161,027
Accruals 4,000 62,240
Taxation and social security 4,723 97,331
25,281 320,598

6. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 3,744) ( 4,092)
Credited to the Statement of Income and Retained Earnings 949 348
At the end of financial year ( 2,795) ( 3,744)

The deferred taxation balance is made up as follows:

2024 2023
£ £
Accelerated capital allowances ( 2,795) ( 3,744)