REGISTERED NUMBER: 13123846 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tanooki Technologies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Edney

D J Klafkowski

Ms C Layton

D J Logsdon

R J A Eastwood

REGISTERED OFFICE:

Suite 1, First Floor

Coachworks Arcade

Northgate Street

Chester

Cheshire

CH1 2EY

REGISTERED NUMBER:

13123846 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

Suite 1, First Floor

Coachworks Arcade

Northgate Street

Chester

Cheshire

CH1 2EY

FIXED ASSETS

Intangible assets

4

1,174,989

893,031

Tangible assets

5

484,670

587,363

Investments

6

10

-

1,659,669

1,480,394

CURRENT ASSETS

Debtors

7

126,575

626,281

Cash at bank

107,475

304,426

234,050

930,707

CREDITORS

Amounts falling due within one year

8

(458,278

)

(538,903

)

NET CURRENT (LIABILITIES)/ASSETS

(224,228

)

391,804

TOTAL ASSETS LESS CURRENT LIABILITIES

1,435,441

1,872,198

CREDITORS

Amounts falling due after more than one year

9

(15,000

)

(260,185

)

NET ASSETS

1,420,441

1,612,013

CAPITAL AND RESERVES

Called up share capital

151

146

Share premium

1,746,883

1,520,178

Retained earnings

(326,593

)

91,689

1,420,441

1,612,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 22 September 2025 and were signed on its behalf by:

J R Edney - Director

1.	STATUTORY INFORMATION

Tanooki Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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, net of VAT and trade discounts. Turnover is also measured net of the estimated value of customer returns and volume rebates. Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred all the significant risks and rewards of ownership of the goods to the buyer;

- the company retains neither continuing managerial involvement, nor effective control, over the goods to the degree usually associated with ownership;

- the amount of the revenue can be reliably measured;

- it is probable (ie, more likely than not) that the economic benefits associated with the sale will flow to the entity; and

- the costs (to be) incurred in respect of the transaction can be reliably measured. Turnover is recognised on despatch of goods which is the point at which the company transfers the significant risks and rewards of ownership of the goods to the customer.

The company retains legal title of the goods until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership.

Amounts received in advance of shipping goods to customers are recognised as deferred income and presented within creditors: amounts falling due within one year.

Other income relates to rent and interest receivable. Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force. Interest income is recognised using the effective interest method.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of three years.

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 etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 28 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Computer

costs

software

Totals

£

£

£

COST

At 1 January 2024

1,163,295

11,002

1,174,297

Additions

566,183

21,050

587,233

At 31 December 2024

1,729,478

32,052

1,761,530

AMORTISATION

At 1 January 2024

275,081

6,185

281,266

Amortisation for year

295,574

9,701

305,275

At 31 December 2024

570,655

15,886

586,541

NET BOOK VALUE

At 31 December 2024

1,158,823

16,166

1,174,989

At 31 December 2023

888,214

4,817

893,031

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

62,450

785,118

21,946

869,514

Additions

2,472

9,301

3,354

15,127

At 31 December 2024

64,922

794,419

25,300

884,641

DEPRECIATION

At 1 January 2024

16,999

257,769

7,383

282,151

Charge for year

7,096

106,419

4,305

117,820

At 31 December 2024

24,095

364,188

11,688

399,971

NET BOOK VALUE

At 31 December 2024

40,827

430,231

13,612

484,670

At 31 December 2023

45,451

527,349

14,563

587,363

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

10

At 31 December 2024

10

NET BOOK VALUE

At 31 December 2024

10

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

282,320

Other debtors

126,575

343,961

126,575

626,281

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

65,185

113,409

Trade creditors

32,734

137,231

Taxation and social security

137,636

144,764

Other creditors

222,723

143,499

458,278

538,903

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

65,185

Other creditors

15,000

195,000

15,000

260,185

10.

LOANS

Included in other creditors is an unsecured loan of £156,270 (2023: £315,000). These loans are repayable quarterly with interest payable at the rate of 3 per cent per annum.

11.	RELATED PARTY DISCLOSURES

Included in other creditors is £78,919 due to Racoon Media Services Ltd. No interest is chargeable on this balance and it is repayable on demand.

12.	GOING CONCERN

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.