Registered number
10488089
Tapchanger Holdings Ltd
Report and Accounts
30 April 2025
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Tapchanger Holdings Ltd
Registered number: 10488089
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 489,538 490,193
Investments 4 347,692 172,046
837,230 662,239
Current assets
Debtors 5 341,216 197,333
Cash at bank and in hand 231,588 304,984
572,804 502,317
Creditors: amounts falling due within one year 6 (16,785) (11,466)
Net current assets 556,019 490,851
Net assets 1,393,249 1,153,090
Capital and reserves
Called up share capital 1,002 1,002
Profit and loss account 1,392,247 1,152,088
Shareholders' funds 1,393,249 1,153,090
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
A G Kay
Director
Approved by the board on 15 July 2025
Tapchanger Holdings Ltd
Notes to the Accounts
for the year ended 30 April 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
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.
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:
Plant and machinery 15% reducing balance
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2024 485,829 11,570 497,399
At 30 April 2025 485,829 11,570 497,399
Depreciation
At 1 May 2024 - 7,206 7,206
Charge for the year - 655 655
At 30 April 2025 - 7,861 7,861
Net book value
At 30 April 2025 485,829 3,709 489,538
At 30 April 2024 485,829 4,364 490,193
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 May 2024 1,912 170,134 172,046
Additions - 175,676 175,676
Disposals (30) - (30)
At 30 April 2025 1,882 345,810 347,692
5 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 341,216 197,333
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 10,130 5,729
Other creditors 6,655 5,737
16,785 11,466
7 Related party transactions
There are no related party transactions.
8 Controlling party
The company is controlled by its directors who are the shareholders.
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