Registered number
09953360
Tribe517 Ltd
Filleted Accounts
31 January 2025
Tribe517 Ltd
Registered number: 09953360
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £ £ £
Fixed assets
Tangible assets 3 4,391 5,489
Current assets
Stocks 7,500 7,500
Debtors 4 43,445 18,305
Cash at bank and in hand 12,262 7,678
63,207 33,483
Creditors: amounts falling due within one year 5 (17,045) (10,253)
Net current assets 46,162 23,230
Net assets 50,553 28,719
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,453 28,619
Shareholders' funds 50,553 28,719
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms C Davies
Director
Approved by the board on 26 May 2025
Tribe517 Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 9,760
At 31 January 2025 9,760
Depreciation
At 1 February 2024 4,271
Charge for the year 1,098
At 31 January 2025 5,369
Net book value
At 31 January 2025 4,391
At 31 January 2024 5,489
4 Debtors 2025 2024
£ £
Trade debtors 42,680 9,060
Other debtors 765 9,245
43,445 18,305
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,053 2,923
Taxation and social security costs 11,424 3,762
Other creditors 3,568 3,568
17,045 10,253
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
C Davies
Directors loan 845 - (80) 765
845 - (80) 765
7 Controlling party
There is no controlling party.
8 Other information
Tribe517 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Beddau Farm
St Cenydd Road
Caerphilly
CF83 2TB
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