Registered number
06937747
Tan-Go (North East) Ltd
Unaudited Filleted Accounts
29 November 2024
Tan-Go (North East) Ltd
Registered number: 06937747
Balance Sheet
as at 29 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 803 1,609
Tangible assets 5 37,602 36,785
Investments 6 1 -
38,406 38,394
Current assets
Stocks 800 800
Debtors 7 68,931 14,389
Cash at bank and in hand 222,939 183,128
292,670 198,317
Creditors: amounts falling due within one year 8 (97,996) (95,072)
Net current assets 194,674 103,245
Total assets less current liabilities 233,080 141,639
Creditors: amounts falling due after more than one year 9 (13,214) (16,377)
Provisions for liabilities (8,808) (6,440)
Net assets 211,058 118,822
Capital and reserves
Called up share capital 2 2
Profit and loss account 211,056 118,820
Shareholder's funds 211,058 118,822
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 member has 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.
S Nawaz
Director
Approved by the board on 27 August 2025
Tan-Go (North East) Ltd
Notes to the Accounts
for the year ended 29 November 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 (as applied to small entities by section 1A of the standard).
2 Going concern
The accounts have been prepared on a going concern basis as the director has indicated that funds will be made available to allow the continued operation of the company for at least the next twelve months.
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:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
4 Intangible fixed assets £
Goodwill:
Cost
At 30 November 2023 10,000
At 29 November 2024 10,000
Amortisation
At 30 November 2023 8,391
Provided during the year 806
At 29 November 2024 9,197
Net book value
At 29 November 2024 803
At 29 November 2023 1,609
Goodwill is being written off in equal annual instalments over its estimated remaining economic life of 4 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 30 November 2023 42,424 104,274 146,698
Additions - 6,500 6,500
At 29 November 2024 42,424 110,774 153,198
Depreciation
At 30 November 2023 42,424 67,489 109,913
Charge for the year - 5,683 5,683
At 29 November 2024 42,424 73,172 115,596
Net book value
At 29 November 2024 - 37,602 37,602
At 29 November 2023 - 36,785 36,785
6 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 1
At 29 November 2024 1
7 Debtors 2024 2023
£ £
Trade debtors - 626
Other debtors 68,931 13,763
68,931 14,389
8 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,937 2,978
Trade creditors 3,217 37,749
Taxation and social security costs 47,484 16,333
Other creditors 44,358 38,012
97,996 95,072
9 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,214 16,377
10 Related party transactions
Included in other creditors is an amount of £6,149 (2023 - £4,900) provided by a shareholder to assist with working capital requirements. There is currently no interest charged on this amount nor are there any terms of repayment in place.
Included within other debtors is an amount of £60,477 due from the subsidiary company Tanning Specialists Ltd.
11 Controlling party
The company is controlled by the director, S Nawaz who owns 100% of the issued share capital.
12 Other information
Tan-Go (North East) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Derwent Street
Consett
Co. Durham
DH8 8LU
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