2 3 Tamla Construction Limited NI627824 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is a construction company involved in the building of residential and commercial property Digita Accounts Production Advanced 6.30.9574.0 true true false NI627824 2023-12-01 2024-11-30 NI627824 2024-11-30 NI627824 bus:OrdinaryShareClass1 2024-11-30 NI627824 bus:OrdinaryShareClass2 2024-11-30 NI627824 core:CurrentFinancialInstruments 2024-11-30 NI627824 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 NI627824 core:FurnitureFittingsToolsEquipment 2024-11-30 NI627824 bus:SmallEntities 2023-12-01 2024-11-30 NI627824 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 NI627824 bus:FilletedAccounts 2023-12-01 2024-11-30 NI627824 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 NI627824 bus:RegisteredOffice 2023-12-01 2024-11-30 NI627824 bus:Director2 2023-12-01 2024-11-30 NI627824 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 NI627824 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 NI627824 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 NI627824 core:OfficeEquipment 2023-12-01 2024-11-30 NI627824 1 2023-12-01 2024-11-30 NI627824 countries:NorthernIreland 2023-12-01 2024-11-30 NI627824 2023-11-30 NI627824 core:FurnitureFittingsToolsEquipment 2023-11-30 NI627824 2022-12-01 2023-11-30 NI627824 2023-11-30 NI627824 bus:OrdinaryShareClass1 2023-11-30 NI627824 bus:OrdinaryShareClass2 2023-11-30 NI627824 core:CurrentFinancialInstruments 2023-11-30 NI627824 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI627824

Tamla Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Tamla Construction Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Tamla Construction Limited

(Registration number: NI627824)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

6,053

6,779

Cash at bank and in hand

 

83,012

326,056

 

89,065

332,835

Creditors: Amounts falling due within one year

6

(8,627)

(8,677)

Net assets

 

80,438

324,158

Capital and reserves

 

Called up share capital

7

2,981

3,177

Share premium reserve

2,765,929

2,963,585

Retained earnings

(2,688,472)

(2,642,604)

Shareholders' funds

 

80,438

324,158

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 

.........................................
Mr Alan Collie
Director

 

Tamla Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
50 Bedford Street
Belfast
County Antrim
BT2 7FW

These financial statements were authorised for issue by the Board on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

During the year ended 30 November 2024, the company made a loss of £45,867 and, at that date the company had net assets of £80,438. The company meets its day to day working capital requirement through existing cash facilities.

The directors have concluded that when all current contracts have been completed and all liabilities met, the available funds shall be distributed to the shareholders and the company wound up.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Tamla Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Tamla Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

3,064

3,064

At 30 November 2024

3,064

3,064

Depreciation

At 1 December 2023

3,064

3,064

At 30 November 2024

3,064

3,064

Carrying amount

At 30 November 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,000

5,000

Prepayments

780

1,514

Other debtors

273

265

 

6,053

6,779

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,724

5,487

Taxation and social security

153

275

Accruals and deferred income

3,750

2,900

Other creditors

-

15

8,627

8,677

 

Tamla Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.001 each

3,000

3.00

3,000

3.00

A Ordinary shares of £0.001 each

2,977,949

2,977.95

3,173,748

3,173.75

 

2,980,949

2,981

3,176,748

3,177

8

Related party transactions

There is no ultimate controlling party of the company. Instead there are various individual investors who are independent from each other and whose shares are held by a nominee company, TP Nominees Limited

 

Tamla Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,500

15,000

Contributions paid to money purchase schemes

15,363

17,070

25,863

32,070

9

Parent and ultimate parent undertaking

TP Nominees Limited holds 99.92% of the shares in the company as appointed nominee for the EIS investors. As a result, there is no ultimate controlling party of the company.