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REGISTERED NUMBER: 11054126 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

THE TANNIN LEVEL LTD

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE TANNIN LEVEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: J P Roberts
S Roberts





REGISTERED OFFICE: 5 Raglan Street
Harrogate
North Yorkshire
HG1 1LE





REGISTERED NUMBER: 11054126 (England and Wales)





ACCOUNTANTS: Highdale Accounting Ltd
Highdale Cottage
217 Barnsley Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8TS

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 24,242 21,940
24,243 21,941

CURRENT ASSETS
Inventories 6,925 7,120
Debtors 6 70,268 81,931
Cash at bank and in hand 41,285 22,374
118,478 111,425
CREDITORS
Amounts falling due within one year 7 115,282 105,483
NET CURRENT ASSETS 3,196 5,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,439

27,883

CREDITORS
Amounts falling due after more than one
year

8

27,427

33,283
NET ASSETS/(LIABILITIES) 12 (5,400 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10 (5,402 )
12 (5,400 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





J P Roberts - Director


THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

The Tannin Level Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
The accrual model has been adopted for grants received and are classified as revenue-based grant income.

Going concern
The financial statements have been prepared on a going concern basis. At the time of approval, the UK economy was subject to the impact of the coronavirus pandemic outbreak. Projections and forecasts have been prepared on a number of underlying assumptions, which are subject to significant uncertainty at this time. These show that the expected income and expenditure, together with current reserves and the possibility of obtaining potential funding allows the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 1
NET BOOK VALUE
At 30 November 2024 1
At 30 November 2023 1

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2023 23,900 62,642 1,699 88,241
Additions 12,708 - - 12,708
Disposals (374 ) - - (374 )
At 30 November 2024 36,234 62,642 1,699 100,575
DEPRECIATION
At 1 December 2023 9,218 56,262 821 66,301
Charge for year 3,135 6,340 560 10,035
Eliminated on disposal (3 ) - - (3 )
At 30 November 2024 12,350 62,602 1,381 76,333
NET BOOK VALUE
At 30 November 2024 23,884 40 318 24,242
At 30 November 2023 14,682 6,380 878 21,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 70,268 81,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,856 5,712
Trade creditors 51,201 43,629
Taxation and social security 51,164 48,483
Other creditors 7,061 7,659
115,282 105,483

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 27,427 33,283

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 2,482

THE TANNIN LEVEL LTD (REGISTERED NUMBER: 11054126)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 26,306 26,306
Between one and five years 105,224 105,224
In more than five years 210,448 236,754
341,978 368,284

10. FINANCIAL INSTRUMENTS

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
J P Roberts and S Roberts
Balance outstanding at start of year (81,019 ) (20,458 )
Amounts advanced 114,345 47,218
Amounts repaid (102,633 ) (107,779 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (69,307 ) (81,019 )

12. RELATED PARTY DISCLOSURES

The amount due to the company from the directors at the year end is £69,307 of which £69,800 has been repaid since the year end. Last year the loan was fully repaid within nine months of the year end.

13. GOING CONCERN

The director considers the use of the going concern basis of accounting an appropriate method, as there are no material uncertainties related to events or conditions that may cast significant doubt over the ability of the company to continue as a going concern.