Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302025-05-10No description of principal activity2023-10-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12214099 2023-10-01 2024-09-30 12214099 2022-10-01 2023-09-30 12214099 2024-09-30 12214099 2023-09-30 12214099 c:Director1 2023-10-01 2024-09-30 12214099 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12214099 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12214099 d:CurrentFinancialInstruments 2024-09-30 12214099 d:CurrentFinancialInstruments 2023-09-30 12214099 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12214099 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12214099 d:ShareCapital 2024-09-30 12214099 d:ShareCapital 2023-09-30 12214099 d:RetainedEarningsAccumulatedLosses 2024-09-30 12214099 d:RetainedEarningsAccumulatedLosses 2023-09-30 12214099 c:FRS102 2023-10-01 2024-09-30 12214099 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12214099 c:FullAccounts 2023-10-01 2024-09-30 12214099 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12214099 2 2023-10-01 2024-09-30 12214099 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-10-01 2024-09-30 12214099 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Registered number: 12214099













TUULI HERBAL LTD
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024


 
TUULI HERBAL LTD
REGISTERED NUMBER:12214099


BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
262
2,527

  
262
2,527

Current assets
  

Stocks
 5 
19,210
16,571

Debtors: amounts falling due within one year
 6 
2,366
1,278

Cash at bank and in hand
  
713
1,880

  
22,289
19,729

Creditors: amounts falling due within one year
 7 
(97,748)
(86,418)

Net current liabilities
  
 
 
(75,459)
 
 
(66,689)

Total assets less current liabilities
  
(75,197)
(64,162)

  

Net liabilities
  
(75,197)
(64,162)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(75,199)
(64,164)

  
(75,197)
(64,162)


Page 1


 
TUULI HERBAL LTD
REGISTERED NUMBER:12214099

    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges her 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 comprehensive income 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 on 10 May 2025.




MT Shipster
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


 
TUULI HERBAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Tuuli Herbal Ltd (company number: 12214099) is a private company limited by shares and incorporated in England and Wales. Its registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.
                                                                                                                                                                          The principal activity of the company is the sale of herbal teas and related products.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year the company suffered a loss of £11,035, giving rise to a balance sheet deficit of £75,197 at the year end. Within this is a balance of £95,998 (See note 9) owed to the director/shareholder who has agreed to continue to provide such financial support as its required whilst the Company strengthens its own financial position. 
In light of the above, the director is confident that the Company will continue in operational existence for the foreseeable future and that the going concern basis is therefore appropriate for the preparation of the Company's accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax. 

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3


 
TUULI HERBAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4


 
TUULI HERBAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets



Website

£



Cost


At 1 October 2023
7,663



At 30 September 2024

7,663



Amortisation


At 1 October 2023
5,136


Charge for the year on owned assets
2,265



At 30 September 2024

7,401



Net book value



At 30 September 2024
262




5.


Stocks

2024
2023
£
£

Raw materials
9,166
11,864

Finished goods
10,044
4,707

19,210
16,571


Page 5


 
TUULI HERBAL LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,075
264

Other debtors
1,291
1,014

2,366
1,278



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Other creditors
95,998
84,698

Accruals and deferred income
1,750
1,720

97,748
86,418



8.


Related party transactions

Included in other creditors is a loan from MT Shipster of £95,998 (2023 - £84,698). The above loan is unsecured, interest free and has no fixed terms of repayment.


9.


Controlling party

MT Shipster has ultimate control by virtue of her shareholding.

 
Page 6