REGISTERED NUMBER: 02956955 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Tapeline Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Williams

Mrs L C Fawns Williams

SECRETARY:

Mrs L C Fawns Williams

REGISTERED OFFICE:

72a Stockport Road East

Bredbury

Stockport

Cheshire

SK6 1AL

REGISTERED NUMBER:

02956955 (England and Wales)

ACCOUNTANTS:

Brian Gumbley Accountancy Services Ltd

Corner House

28 Huddersfield Road

Newhey

Rochdale

Lancashire

OL16 3QF

FIXED ASSETS

Tangible assets

4

158,293

147,208

Investments

5

39,677

44,851

197,970

192,059

CURRENT ASSETS

Stocks

15,995

16,230

Debtors

6

5,855

3,668

Cash at bank

21,586

74,722

43,436

94,620

CREDITORS

Amounts falling due within one year

7

146,557

131,610

NET CURRENT LIABILITIES

(103,121

)

(36,990

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,849

155,069

CREDITORS

Amounts falling due after more than one year

8

11,667

21,667

NET ASSETS

83,182

133,402

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

83,176

133,396

SHAREHOLDERS' FUNDS

83,182

133,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 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 21 August 2025 and were signed on its behalf by:

A Williams - Director

1.	STATUTORY INFORMATION

Tapeline 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.

Turnover

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

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 June 2024

42,500

56,909

123,097

Additions

-

21,615

-

At 31 May 2025

42,500

78,524

123,097

DEPRECIATION

At 1 June 2024

-

-

87,457

Charge for year

-

-

7,128

At 31 May 2025

-

-

94,585

NET BOOK VALUE

At 31 May 2025

42,500

78,524

28,512

At 31 May 2024

42,500

56,909

35,640

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

36,250

5,409

264,165

Additions

-

-

21,615

At 31 May 2025

36,250

5,409

285,780

DEPRECIATION

At 1 June 2024

24,780

4,720

116,957

Charge for year

2,868

534

10,530

At 31 May 2025

27,648

5,254

127,487

NET BOOK VALUE

At 31 May 2025

8,602

155

158,293

At 31 May 2024

11,470

689

147,208

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 June 2024

44,851

Additions

8,744

Disposals

(13,918

)

At 31 May 2025

39,677

NET BOOK VALUE

At 31 May 2025

39,677

At 31 May 2024

44,851

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

5,855

3,668

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other loans

14,371

14,371

Trade creditors

1,070

3,099

VAT

4,633

2,806

Directors' current accounts

126,483

111,334

146,557

131,610

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans - 2-5 years

11,667

21,667

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Williams.