TANKOLINO LIMITED
Registered number: 07819851
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,792 34,740
Current assets
Cash at bank and in hand 690 575
Creditors: amounts falling due within one year 4 (12,982) (27,007)
Net current liabilities (12,292) (26,432)
Total assets less current liabilities 15,500 8,308
Creditors: amounts falling due after more than one year 5 (9,434) (20,836)
Net assets/(liabilities) 6,066 (12,528)
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,065 (12,529)
Shareholders' funds 6,066 (12,528)
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.
Mr A T Bagayan
Director
Approved by the board on 26 July 2025
TANKOLINO LIMITED
Notes to the Accounts
for the year ended 31 October 2024
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 1,164 53,995 55,159
At 31 October 2024 1,164 53,995 55,159
Depreciation
At 1 November 2023 981 19,438 20,419
Charge for the year 37 6,911 6,948
At 31 October 2024 1,018 26,349 27,367
Net book value
At 31 October 2024 146 27,646 27,792
At 31 October 2023 183 34,557 34,740
4 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 8,473 11,402
Other creditors 4,509 15,605
12,982 27,007
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,434 20,836
6 Other information
TANKOLINO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
11 Fenton Road
Barking
Essex
IG11 7XZ
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