Tick Finance Ltd
Filleted Accounts
31 October 2024
Registered number
07526461
Charity Registration No 1144676
Tick Finance Ltd
Registered number: 07526461
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 48,790 35,410
Cash at bank and in hand 3,450 14,702
52,240 50,112
Creditors: amounts falling due within one year 4 (63,891) (60,834)
Net current liabilities (11,651) (10,722)
Net liabilities (11,651) (10,722)
Capital and reserves
Profit and loss account (11,651) (10,722)
Retained earnings (11,651) (10,722)
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.
Mr Grahame McGirr
Director
Approved by the board on 29 August 2025
Tick Finance Ltd
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 (as applied to small entities by section 1A of the standard).
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 3
3 Debtors 2024 2023
£ £
Trade debtors 18,615 -
Other debtors 30,175 35,410
48,790 35,410
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 36,705 -
Other creditors 27,186 60,834
63,891 60,834
5 Controlling party
Company is under the control of the directors.
6 Other information
Tick Finance Ltd is a charity limited by guarantee and incorporated in England. Its registered office is:
Baird House City West Business Park
Scotswood Road
Newcastle upon Tyne
NE4 7DF
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