REGISTERED NUMBER: 01855087 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tann Electronics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Ward

A G Ward

SECRETARY:

A G Ward

REGISTERED OFFICE:

122 Hawes Lane

West Wickham

Kent

BR4 9AA

REGISTERED NUMBER:

01855087 (England and Wales)

ACCOUNTANTS:

Ledger Sparks Limited

Airport House

Suite 43-45

Purley Way

Croydon

CR0 0XZ

Fixed assets

Tangible assets

4

343

30

Current assets

Stocks

900

900

Debtors

5

1,945

1,675

Cash at bank

1

1

2,846

2,576

Creditors

Amounts falling due within one year

6

(223,850

)

(182,307

)

Net current liabilities

(221,004

)

(179,731

)

Total assets less current liabilities

(220,661

)

(179,701

)

Provisions for liabilities

8

(65

)

(6

)

Net liabilities

(220,726

)

(179,707

)

Capital and reserves

Called up share capital

100

100

Retained earnings

9

(220,826

)

(179,807

)

(220,726

)

(179,707

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

D J Ward - Director

1.	STATUTORY INFORMATION

Tann Electronics Limited 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 (£).

The principal activity of the company continued to be that of development and marketing of electronic components and systems and providing daytime care for children.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 rendering of services in the form of nursery fees and sale of electronic components.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that results in the recognition od financial asset and liability such as trade and other debtors and creditors, loan from bank and other third parties, loan to related parties and investments in non puttable ordinary shares.

TAXATION

The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX

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

GOING CONCERN

At the balance sheet date, liabilities exceed assets by £220,726 (2023 - £179,707). However the financial statements have been prepared on a going concern basis as the company has the continuing support from its directors and majority shareholders. The directors are therefore satisfied that the financial statements have been correctly prepared on the going concern basis.

PROVISION FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of income and retained earning in the year that the company becomes aware of the obligation, and are measured at the best estimates at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

2,051

Additions

457

At 31 December 2024

2,508

DEPRECIATION

At 1 January 2024

2,021

Charge for year

144

At 31 December 2024

2,165

NET BOOK VALUE

At 31 December 2024

343

At 31 December 2023

30

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

1,945

1,675

The directors consider the carrying value of trade and other receivables approximate to their fair value.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,161

14,943

Amounts owed to associates

114,250

113,238

Taxation and social security

1,526

2,302

Other creditors

92,913

51,824

223,850

182,307

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

1,341

4,020

Between one and five years

-

1,341

1,341

5,361

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

65

6

Deferred

tax

£

Balance at 1 January 2024

6

Provided during year

59

Balance at 31 December 2024

65

9.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

D J Ward and A G Ward

Balance outstanding at start of year

(46,984

)

(15,490

)

Amounts advanced

14,700

32,325

Amounts repaid

(57,680

)

(63,819

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(89,964

)

(46,984

)

11.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other creditors are amounts due to the directors of £89,964 (2023 - £46,984). This loan is interest free and repayable on demand.

Further, balance included in amounts owed to associates of £114,250 (2023 - £113,238) are amounts due to M.W.L Electronics Limited in which David John Ward is the director and sole share holder of issued share capital.