Registered number
14379281
TAANVI LIMITED
Filleted Accounts
30 September 2024
TAANVI LIMITED
Registered number: 14379281
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 117,000 117,000
Tangible assets 4 14,417 17,582
131,417 134,582
Current assets
Stocks 42,556 36,885
Cash at bank and in hand 56,355 12,697
98,911 49,582
Creditors: amounts falling due within one year 5 (70,768) (25,001)
Net current assets 28,143 24,581
Total assets less current liabilities 159,560 159,163
Creditors: amounts falling due after more than one year 6 (150,414) (158,102)
Net assets 9,146 1,061
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,145 1,060
Shareholder's funds 9,146 1,061
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
V B Patel
Director
Approved by the board on 26 June 2025
TAANVI LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 18% fixtures and fittings
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 117,000
At 30 September 2024 117,000
Amortisation
At 30 September 2024 -
Net book value
At 30 September 2024 117,000
At 30 September 2023 117,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 21,442
At 30 September 2024 21,442
Depreciation
At 1 October 2023 3,860
Charge for the year 3,165
At 30 September 2024 7,025
Net book value
At 30 September 2024 14,417
At 30 September 2023 17,582
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,930
Trade creditors 57,918 11,581
Taxation and social security costs 12,100 6,740
Other creditors 750 750
70,768 25,001
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 150,414 158,102
7 Other information
TAANVI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
14
King Edward Road
Deal
England
CT14 6QL
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