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TIVARRI LIMITED

Registered Number
07355302
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

TIVARRI LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

PONSFORD, Keith Leslie
PONSFORD, Simon

Registered Address

28 Victoria Buildings
Bath
BA2 3EH

Registered Number

07355302 (England and Wales)
TIVARRI LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets326,71616,628
Tangible assets427,94434,116
Investments5704,828704,828
759,488755,572
Current assets
Debtors319,603111,058
Current asset investments618,97018,970
Cash at bank and on hand916,588835,826
1,255,161965,854
Creditors amounts falling due within one year7(157,018)(397,878)
Net current assets (liabilities)1,098,143567,976
Total assets less current liabilities1,857,6311,323,548
Provisions for liabilities8(6,986)(8,529)
Net assets1,850,6451,315,019
Capital and reserves
Called up share capital10,00010,000
Profit and loss account1,840,6451,305,019
Shareholders' funds1,850,6451,315,019
The financial statements were approved and authorised for issue by the Board of Directors on 15 April 2025, and are signed on its behalf by:
PONSFORD, Simon
Director
Registered Company No. 07355302
TIVARRI LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company 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.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost. Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date. Trademarks, licences and customer-related intangible assets have a finite life and are carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Trademarks - 10% straight line Patents - 5% straight line Licenses - over 2 or 3 years depending on license life
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings25-
Vehicles25-
Office Equipment-2
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year138
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 2385,76885,768
Additions27,06227,062
Disposals(9,781)(9,781)
At 31 August 24103,049103,049
Amortisation and impairment
At 01 September 2369,14069,140
Charge for year14,58714,587
On disposals(7,394)(7,394)
At 31 August 2476,33376,333
Net book value
At 31 August 2426,71626,716
At 31 August 2316,62816,628
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 September 232,79729,82112,24152,42697,285
Additions---16,19616,196
Disposals--(1,710)(3,610)(5,320)
At 31 August 242,79729,82110,53165,012108,161
Depreciation and impairment
At 01 September 231,75613,0477,09341,27363,169
Charge for year2604,1941,28716,16921,910
On disposals--(1,412)(3,450)(4,862)
At 31 August 242,01617,2416,96853,99280,217
Net book value
At 31 August 2478112,5803,56311,02027,944
At 31 August 231,04116,7745,14811,15334,116
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 September 23704,828704,828
At 31 August 24704,828704,828
Net book value
At 31 August 24704,828704,828
At 31 August 23704,828704,828

Notes

1Investments in group undertakings and participating interests
6.Current asset investments
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables24,7749,953
Taxation and social security83,26791,596
Other creditors2,662254,333
Accrued liabilities and deferred income46,31541,996
Total157,018397,878
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,9868,529
Total6,9868,529