REGISTERED NUMBER: SC437126 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TACTUUM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Buchner

N Francoeur

V Tran

REGISTERED OFFICE:

280 St Vincent Street

Glasgow

G2 5RL

REGISTERED NUMBER:

SC437126 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

6 Miller Road

Ayr

KA7 2AY

FIXED ASSETS

Tangible assets

4

65,722

71,864

Investments

5

50,404

50,404

116,126

122,268

CURRENT ASSETS

Debtors

6

201,423

603,991

Cash at bank and in hand

347,396

363,935

548,819

967,926

CREDITORS

Amounts falling due within one year

7

390,741

418,007

NET CURRENT ASSETS

158,078

549,919

TOTAL ASSETS LESS CURRENT LIABILITIES

274,204

672,187

CREDITORS

Amounts falling due after more than one year

8

(4,792

)

(14,921

)

PROVISIONS FOR LIABILITIES

(4,082

)

(6,059

)

NET ASSETS

265,330

651,207

CAPITAL AND RESERVES

Called up share capital

9

8

8

Retained earnings

10

265,322

651,199

SHAREHOLDERS' FUNDS

265,330

651,207

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 23 December 2025 and were signed on its behalf by:

M I Buchner - Director

1.	STATUTORY INFORMATION

Tactuum Ltd is a private company, limited by shares , registered in Scotland. 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.

Functional currency

The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates

The preparation of financial statements requires the use of certain accounting estimates . It also requires the Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment

The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors

The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the recoverability of these, provision is made against the recoverability of these debts.

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.

Improvements to property - Fully depreciated

Fixtures and fittings - at varying rates on cost

Computer equipment - 33.3% on cost

Financial instruments

Classification

The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement

The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment

Financial instruments are reviewed annually for impairment.

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 18 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

52,620

27,920

42,546

123,086

Additions

17,431

-

5,578

23,009

At 31 December 2024

70,051

27,920

48,124

146,095

DEPRECIATION

At 1 January 2024

12,646

12,635

25,941

51,222

Charge for year

13,166

5,944

10,041

29,151

At 31 December 2024

25,812

18,579

35,982

80,373

NET BOOK VALUE

At 31 December 2024

44,239

9,341

12,142

65,722

At 31 December 2023

39,974

15,285

16,605

71,864

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

50,404

NET BOOK VALUE

At 31 December 2024

50,404

At 31 December 2023

50,404

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

87,676

160,517

Amounts owed by associates

55,365

34,890

Other debtors

58,382

408,584

201,423

603,991

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

33,139

79,099

Taxation and social security

67,690

95,802

Other creditors

279,912

233,106

390,741

418,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,792

14,921

The bank loan is repayable in instalments over 6 years. The loan is guaranteed by government and carries an interest rate of 2.5% p.a.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

8

Ordinary

£1

8

8

10.

RESERVES

Retained

earnings

£

At 1 January 2024

651,198

Deficit for the year

(385,876

)

At 31 December 2024

265,322

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

**UNKNOWN DIRECTOR 1**

Balance outstanding at start of year

6,448

-

Amounts advanced

-

6,448

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,448

6,448

12.	RELATED PARTY DISCLOSURES

The company has made payments to directors £212,034 (2023: £229,500) for consulting services provided during the year via companies for which they are also directors.

Buchner Solutions Limited were paid £136,100 (2023: £151,100) and Han Shen Jie Ltd £75,934 (2023: £78,400).