Tass Enterprise Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07478143

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		155,340		5,364
Tangible Assets	5		48,683		44,297

			204,023		49,661
CURRENT ASSETS
Stocks	6	50		-
Debtors	7	168,328		112,465
Cash at bank and in hand		18,451		32,288

		186,829		144,753
Creditors: Amounts Falling Due Within One Year	8	(361,380 )		(83,115 )

NET CURRENT ASSETS (LIABILITIES)			(174,551 )		61,638

TOTAL ASSETS LESS CURRENT LIABILITIES			29,472		111,299

Creditors: Amounts Falling Due After More Than One Year	9		(86,680 )		(76,191 )

NET (LIABILITIES)/ASSETS			(57,208 )		35,108

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			(57,308 )		35,008

SHAREHOLDERS' FUNDS			(57,208)		35,108

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Tass Enterprise Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Henry Appiah

Director

29/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tass Enterprise Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07478143 . The registered office is 206 turners hill, Cheshunt, Hertfordshire, EN8 9DE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20
Plant & Machinery	20
Motor Vehicles	20
Fixtures & Fittings	20
Computer Equipment	20

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 8)

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Tass Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	6,397
Additions	150,000

As at 31 December 2024	156,397

Amortisation
As at 1 January 2024	1,033
Provided during the period	24

As at 31 December 2024	1,057

Net Book Value
As at 31 December 2024	155,340

As at 1 January 2024	5,364

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	93,286	6,495	70,062	21,279	191,122
Additions	24,000	-	100	-	24,100

As at 31 December 2024	117,286	6,495	70,162	21,279	215,222

Depreciation
As at 1 January 2024	62,156	6,495	58,513	19,661	146,825
Provided during the period	15,353	-	3,912	449	19,714

As at 31 December 2024	77,509	6,495	62,425	20,110	166,539

Net Book Value
As at 31 December 2024	39,777	-	7,737	1,169	48,683

As at 1 January 2024	31,130	-	11,549	1,618	44,297

6. Stocks

	2024	2023
	£	£
Stock	50	-

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Tass Enterprise Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	76,867	70,083
Prepayments and accrued income	91,041	20,050
Other debtors	420	750
VAT	-	21,582

	168,328	112,465

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	59,042	11,019
Bank loans and overdrafts	50,509	549
Other taxes and social security	28,862	23,955
VAT	3,717	-
Accruals and deferred income	10,331	7,531
Director's loan account	208,919	40,061

	361,380	83,115

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	30,694	40,549
Bank loans	49,286	28,942
Corporation tax	6,700	6,700

	86,680	76,191

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	30,694	40,549

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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