REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
FOR |
TAKK & COMPANY LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
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. |
TAKK & COMPANY LIMITED (REGISTERED NUMBER: 05570224) |
BALANCE SHEET - continued |
29 SEPTEMBER 2024 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 30 September 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 29 September 2024 |
DEPRECIATION |
At 30 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
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 |
Additions |
Disposals | ( |
) |
At 29 September 2024 |
DEPRECIATION |
At 30 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30 September 2023 |
and 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
Loans | 27,805 | 27,193 |
Deferred tax asset |
Prepayments |
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) |
Tax |
Social security and other taxes |
VAT | 33,032 | 30,155 |
Pensions creditor | 618 | 520 |
Directors' current accounts | 31,697 | 312 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Finance leases (see note 9) |
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 |
In more than five years |
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 | ( |
) |
Provided during year |
Balance at 29 September 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
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 |