Company Registration No. 12278017 (England and Wales)
TKB Global Limited
Unaudited accounts
for the year ended 31 March 2025
TKB Global Limited
Unaudited accounts
Contents
TKB Global Limited
Company Information
for the year ended 31 March 2025
Company Number
12278017 (England and Wales)
Registered Office
116 Yardley Road
Acocks Green
Birmingham
B27 6LG
United Kingdom
Accountants
Integritax Accountants Ltd
116 Yardley Road
Acocks Green
Birmingham
B27 6LG
TKB Global Limited
Statement of financial position
as at 31 March 2025
Tangible assets
22,947
289
Cash at bank and in hand
41,269
91,272
Creditors: amounts falling due within one year
(54,765)
(185,876)
Net current assets
271,431
284,166
Total assets less current liabilities
294,378
284,455
Provisions for liabilities
Net assets
294,072
284,341
Called up share capital
100
100
Profit and loss account
293,972
284,241
Shareholders' funds
294,072
284,341
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2025 and were signed on its behalf by
Nikhil Bhatia
Director
Company Registration No. 12278017
TKB Global Limited
Notes to the Accounts
for the year ended 31 March 2025
TKB Global Limited is a private company, limited by shares, registered in England and Wales, registration number 12278017. The registered office is 116 Yardley Road, Acocks Green, Birmingham, B27 6LG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Reducing balance 20%
Computer equipment
Straight line over 3 years
TKB Global Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
1,041
1,041
Additions
26,400
832
27,232
At 31 March 2025
26,400
1,873
28,273
Charge for the year
4,036
538
4,574
At 31 March 2025
4,036
1,290
5,326
At 31 March 2025
22,364
583
22,947
At 31 March 2024
-
289
289
Amounts falling due within one year
Trade debtors
39,803
131,435
Other debtors
229,538
229,538
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
46,091
184,692
Taxes and social security
2,353
263
Loans from directors
6,321
921
7
Average number of employees
During the year the average number of employees was 1 (2024: 2).