Company registration number 09440632 (England and Wales)
TASSK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
TASSK LTD
COMPANY INFORMATION
Directors
A Chadwick
P Chadwick
M Chadwick
Company number
09440632
Registered office
9 Greenhill Avenue
High Crompton
Shaw
Oldham
Lancashire
OL2 7NZ
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
TASSK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TASSK LTD
BALANCE SHEET
AS AT
27 FEBRUARY 2025
27 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
2,000
2,000
Debtors
4
24,880
35,401
Cash at bank and in hand
55,183
36,711
82,063
74,112
Creditors: amounts falling due within one year
5
(65,824)
(52,709)
Net current assets
16,239
21,403
Creditors: amounts falling due after more than one year
6
(3,532)
(8,711)
Net assets
12,707
12,692
Capital and reserves
Called up share capital
7
4
4
Profit and loss reserves
12,703
12,688
Total equity
12,707
12,692
For the financial year ended 27 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
A Chadwick
P Chadwick
Director
Director
Company registration number 09440632 (England and Wales)
TASSK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information
Tassk Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Greenhill Avenue, High Crompton, Shaw, Oldham, Lancashire, OL2 7NZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements are prepared under the historical cost convention.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
16.5% straight line
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.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
TASSK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cost and not amortised as they are either receivable or payable within one year.
Creditors payable after one year constitutes a commercial business loan with a market rate of interest being applied. This is recognised in full.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 28 February 2024 and 27 February 2025
5,750
Depreciation and impairment
At 28 February 2024 and 27 February 2025
5,750
Carrying amount
At 27 February 2025
At 27 February 2024
TASSK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 FEBRUARY 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,710
34,450
Other debtors
1,170
951
24,880
35,401
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,164
5,178
Trade creditors
12,025
11,732
Taxation and social security
12,207
10,624
Other creditors
36,428
25,175
65,824
52,709
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,532
8,711
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
2
2
2
2
Ordinary B shares of £1 each
2
2
2
2
4
4
4
4