REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Tinderbox (Scotland) Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2024 |
for |
Tinderbox (Scotland) Limited |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Contents of the Financial Statements |
For The Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Tinderbox (Scotland) Limited |
Company Information |
For The Year Ended 30 September 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Abridged Statement of Financial Position |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Abridged Statement of Financial Position - continued |
30 September 2024 |
The financial statements were approved by the director and authorised for issue on |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Notes to the Financial Statements |
For The Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Tinderbox (Scotland) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Although the company has net liabilities at the year end, this is being supported by company creditors who have confirmed their continued support. Payment will only be sought when the company has adequate cashflow and working capital to make such repayments. On this basis, the directors consider it appropriate for the account to be prepared on the going concern basis. |
Turnover |
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in statement of comprehensive income. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in statement of comprehensive income. |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to statement of comprehensive income over the relevant period. The capital elements of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to statement of comprehensive income on a straight line basis over the period of the lease. Reduced rents were agreed with landlords during the year as a result of premises being closed due to Covid-19. These rent reductions were recognised in the period of relief and not spread out over the length of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 |
AMORTISATION |
At 1 October 2023 |
Amortisation for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2023 |
Additions |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Totals |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 | 49,203 |
DEPRECIATION |
At 1 October 2023 | 22,103 |
Charge for year | 6,775 |
At 30 September 2024 | 28,878 |
NET BOOK VALUE |
At 30 September 2024 | 20,325 |
At 30 September 2023 | 27,100 |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 October 2023 |
and 30 September 2024 | 1,002 |
PROVISIONS |
At 1 October 2023 |
and 30 September 2024 | 1,002 |
NET BOOK VALUE |
At 30 September 2024 | - |
At 30 September 2023 | - |
7. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 10,000 | 10,000 |
8% Cumulative redeemable |
preference | £1 | 37,000 | 37,000 |
47,000 | 47,000 |
Tinderbox (Scotland) Limited (Registered number: SC187434) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2024 |
8. | CALLED UP SHARE CAPITAL - continued |
The preference shares were due to be redeemed in four equal installments at par on 26 August 2000, 2001, 2002 and 2003. Dividends of 8p per share per annum are payable. The rights to redeem preference shares to date have not been exercised by the shareholders. |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Amounts are interest free and repayable on demand. |