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REGISTERED NUMBER: 05570224 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

TAKK & COMPANY LIMITED

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAKK & COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2024







DIRECTOR: Mr J S Takk





SECRETARY: Mrs N A Takk





REGISTERED OFFICE: 4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 05570224 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

BALANCE SHEET
29 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 68,498 22,497
Investments 5 110,000 110,000
178,498 132,497

CURRENT ASSETS
Debtors 6 446,622 386,038
Cash at bank 161,225 135,874
607,847 521,912
CREDITORS
Amounts falling due within one year 7 130,128 74,106
NET CURRENT ASSETS 477,719 447,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,217

580,303

CREDITORS
Amounts falling due after more than one
year

8

(48,964

)

-

PROVISIONS FOR LIABILITIES 10 (6,350 ) -
NET ASSETS 600,903 580,303

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 600,803 580,203
SHAREHOLDERS' FUNDS 600,903 580,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

BALANCE SHEET - continued
29 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2025 and were signed by:





Mr J S Takk - Director


TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024


1. STATUTORY INFORMATION

Takk & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 30 September 2023 25,815 44,240 7,612 77,667
Additions - 81,045 667 81,712
Disposals - (37,490 ) - (37,490 )
At 29 September 2024 25,815 87,795 8,279 121,889
DEPRECIATION
At 30 September 2023 19,184 30,241 5,745 55,170
Charge for year 1,658 20,513 550 22,721
Eliminated on disposal - (24,500 ) - (24,500 )
At 29 September 2024 20,842 26,254 6,295 53,391
NET BOOK VALUE
At 29 September 2024 4,973 61,541 1,984 68,498
At 29 September 2023 6,631 13,999 1,867 22,497

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£
COST
At 30 September 2023 37,490
Additions 81,045
Disposals (37,490 )
At 29 September 2024 81,045
DEPRECIATION
At 30 September 2023 24,500
Charge for year 20,261
Eliminated on disposal (24,500 )
At 29 September 2024 20,261
NET BOOK VALUE
At 29 September 2024 60,784
At 29 September 2023 12,990

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 30 September 2023
and 29 September 2024 110,000
NET BOOK VALUE
At 29 September 2024 110,000
At 29 September 2023 110,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 196,273 160,499
Amounts owed by associates 178,867 180,194
Other debtors 27,674 3,000
Loans 27,805 27,193
Deferred tax asset - 2,816
Prepayments 16,003 12,336
446,622 386,038

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed by group undertakings represents a balance due from Takk & Co (Medway) Limited; a company in which the director is a shareholder.

Amounts owed by associates represents balances due from Takk Properties Limited: a company in which the director is a shareholder.

The loan of £27,805 (2023:£27,193) is an unsecured loan to a third party. The interest on this loan is charged at market rate.

Other debtors consists of a rent deposit of £3,000 (2023: £3,000), and an amount of £24,674 (2023: £Nil) refunded by the credit card company after the year-end as a result of the company being subject to credit card fraud.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Finance leases (see note 9) 11,670 8,848
Tax 43,855 25,557
Social security and other taxes 7,679 7,137
VAT 33,032 30,155
Pensions creditor 618 520
Directors' current accounts 31,697 312
Accrued expenses 1,577 1,577
130,128 74,106

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Finance leases (see note 9) 48,964 -

Amounts falling due in more than five years:

Repayable by instalments
Finance leases 48,964 -

9. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2024 2023
£ £
Net obligations repayable:
Within one year 11,670 8,848
In more than five years 48,964 -
60,634 8,848

TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


10. PROVISIONS FOR LIABILITIES
2024
£
Deferred tax 6,350

Deferred tax
£
Balance at 30 September 2023 (2,816 )
Provided during year 9,166
Balance at 29 September 2024 6,350

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

During the year, the company received a management fee amounting to £Nil (2023: £30,000) from Takk & Company (Medway) Limited, a company under common control of the director. These represent a re-charge of shared central overheads and staff costs.

During the year, the company paid rent amounting to £24,000 (2023: £24,000) to Takk Properties Limited, a company under common control of the director. This has been charged at open market value.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J S Takk.