2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,862 8,412 450 8,862 450 xbrli:pure xbrli:shares iso4217:GBP 05764669 2024-04-01 2025-03-31 05764669 2025-03-31 05764669 2024-03-31 05764669 2023-04-01 2024-03-31 05764669 2024-03-31 05764669 2023-03-31 05764669 bus:LeadAgentIfApplicable 2024-04-01 2025-03-31 05764669 bus:Director1 2024-04-01 2025-03-31 05764669 core:WithinOneYear 2025-03-31 05764669 core:WithinOneYear 2024-03-31 05764669 core:ShareCapital 2025-03-31 05764669 core:ShareCapital 2024-03-31 05764669 core:RetainedEarningsAccumulatedLosses 2025-03-31 05764669 core:RetainedEarningsAccumulatedLosses 2024-03-31 05764669 bus:SmallEntities 2024-04-01 2025-03-31 05764669 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 05764669 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05764669 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05764669 bus:FullAccounts 2024-04-01 2025-03-31 05764669 core:OfficeEquipment 2024-04-01 2025-03-31 05764669 core:OfficeEquipment 2025-03-31 05764669 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 05764669
T.A.B. Technology Limited
Filleted Unaudited Financial Statements
31 March 2025
T.A.B. Technology Limited
Financial Statements
Year Ended 31 March 2025
Contents
Page
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
4
T.A.B. Technology Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of T.A.B. Technology Limited
Year Ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T.A.B. Technology Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of T.A.B. Technology Limited, as a body, in accordance with the terms of our engagement letter dated 2 April 2006. Our work has been undertaken solely to prepare for your approval the financial statements of T.A.B. Technology Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T.A.B. Technology Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that T.A.B. Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of T.A.B. Technology Limited. You consider that T.A.B. Technology Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of T.A.B. Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WYATT & CO Chartered Accountants
125 Main Street Garforth Leeds LS25 1AF
10 June 2025
T.A.B. Technology Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed Assets
Tangible assets
5
450
Current Assets
Cash at bank and in hand
54,407
60,223
Creditors: amounts falling due within one year
6
44,076
4,906
---------
---------
Net Current Assets
10,331
55,317
---------
---------
Total Assets Less Current Liabilities
10,331
55,767
---------
---------
Net Assets
10,331
55,767
---------
---------
T.A.B. Technology Limited
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
£
Capital and Reserves
Called up share capital
100
100
Profit and loss account
10,231
55,667
---------
---------
Shareholders Funds
10,331
55,767
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
Mr J G Allsopp
Director
Company registration number: 05764669
T.A.B. Technology Limited
Notes to the Financial Statements
Year Ended 31 March 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Tabard Hamlet, Kellington Lane, Eggborough, DN14 0UR.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Debtors falling due within one year are measured at transaction price less any impairment. Basic financial liabilities, including trade and other payables, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Creditors falling due within one year are measured at transaction price.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible Assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
8,862
8,862
--------
--------
Depreciation
At 1 April 2024
8,412
8,412
Charge for the year
450
450
--------
--------
At 31 March 2025
8,862
8,862
--------
--------
Carrying amount
At 31 March 2025
--------
--------
At 31 March 2024
450
450
--------
--------
6. Creditors: amounts falling due within one year
2025
2024
£
£
Social security and other taxes
1,159
1,047
Other creditors
42,917
3,859
---------
--------
44,076
4,906
---------
--------
7. Directors' Advances, Credits and Guarantees
During the year, the director provided a loan to the company. The opening balance was £2,691 and the closing and highest balance was £41,749. The loan was interest-free and repayable upon demand.