Tap & Go Payments UK Ltd 13979431 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is management consultancy acitivities. Digita Accounts Production Advanced 6.30.9574.0 true false true 13979431 2023-01-01 2023-12-31 13979431 2023-12-31 13979431 bus:OrdinaryShareClass1 2023-12-31 13979431 core:RetainedEarningsAccumulatedLosses 2023-12-31 13979431 core:ShareCapital 2023-12-31 13979431 core:CurrentFinancialInstruments 2023-12-31 13979431 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13979431 bus:SmallEntities 2023-01-01 2023-12-31 13979431 bus:Audited 2023-01-01 2023-12-31 13979431 bus:FilletedAccounts 2023-01-01 2023-12-31 13979431 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13979431 bus:RegisteredOffice 2023-01-01 2023-12-31 13979431 bus:Director1 2023-01-01 2023-12-31 13979431 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13979431 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13979431 1 2023-01-01 2023-12-31 13979431 countries:AllCountries 2023-01-01 2023-12-31 13979431 countries:EnglandWales 2023-01-01 2023-12-31 13979431 2022-03-16 2022-12-31 13979431 2022-12-31 13979431 bus:OrdinaryShareClass1 2022-12-31 13979431 core:RetainedEarningsAccumulatedLosses 2022-12-31 13979431 core:ShareCapital 2022-12-31 13979431 core:CurrentFinancialInstruments 2022-12-31 13979431 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13979431

Tap & Go Payments UK Ltd

Filleted Financial Statements

for the Year Ended 31 December 2023

 

Tap & Go Payments UK Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Tap & Go Payments UK Ltd

Company Information

Director

Miss A L McLaren

Registered office

8 Avroe Crescent
Blackpool
Lancashire
FY4 2DP

Auditors

Crossley & Davis Chartered Accountants
Statutory Auditor
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Tap & Go Payments UK Ltd

(Registration number: 13979431)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

1,644

1,644

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

1,643

1,643

Shareholders' funds

 

1,644

1,644

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 7 May 2025
 

.........................................
Miss A L McLaren
Director

 

Tap & Go Payments UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

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:
8 Avroe Crescent
Blackpool
Lancashire
FY4 2DP
England

These financial statements were authorised for issue by the director on 7 May 2025.

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company received support from its immediate parent, International Connections Group Limited until the new parent company acquired the shares on 1 January 2024.

The company receives support from the shareholders of the new parent company, Blanchon Products (UK) Limited, and will continue to do so for at least 12 months from the date of signing of the balance sheet. For this reason, the accounts have been prepared on a going concern basis.

 

Tap & Go Payments UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 7 May 2025 was Mr P Swarbrick, who signed for and on behalf of Crossley & Davis Chartered Accountants.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Tap & Go Payments UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Auditors' liability limitation

The company entered into a liability limitation agreement with the auditor on 21st November 2023. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest and costs.

5

Debtors

Current

2023
£

2022
£

Other debtors

1,644

1,644

 

1,644

1,644

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £0.01 each

100

1

100

1

       

7

Relationship between entity and parents

The parent of the smallest group in which these financial statements are consolidated is International Connections Group Limited, incorporated in England and Wales.

The address of International Connections Group Limited is:
8 Avroe Crescent
Blackpool
Lancashire
England
FY4 2DP