2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,554 3,591 1,197 4,788 1,766 2,963 xbrli:pure xbrli:shares iso4217:GBP 08599392 2024-06-01 2025-05-31 08599392 2025-05-31 08599392 2024-05-31 08599392 2023-06-01 2024-05-31 08599392 2024-05-31 08599392 2023-05-31 08599392 core:PlantMachinery 2024-06-01 2025-05-31 08599392 bus:Director1 2024-06-01 2025-05-31 08599392 core:PlantMachinery 2024-05-31 08599392 core:PlantMachinery 2025-05-31 08599392 core:WithinOneYear 2025-05-31 08599392 core:WithinOneYear 2024-05-31 08599392 core:ShareCapital 2025-05-31 08599392 core:ShareCapital 2024-05-31 08599392 core:RetainedEarningsAccumulatedLosses 2025-05-31 08599392 core:RetainedEarningsAccumulatedLosses 2024-05-31 08599392 core:PlantMachinery 2024-05-31 08599392 bus:SmallEntities 2024-06-01 2025-05-31 08599392 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08599392 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08599392 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08599392 bus:FullAccounts 2024-06-01 2025-05-31
COMPANY REGISTRATION NUMBER: 08599392

Tapjet Limited

Filleted Unaudited Financial Statements

31 May 2025

Tapjet Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,766 | 2,963

Current assets

Debtors | 6 | 531 |  | 699
Cash at bank and in hand | 26,169 |  | 29,028
| -------- |  | --------
| 26,700 |  | 29,727

Creditors: amounts falling due within one year | 7 | 248,180 |  | 248,180
| --------- |  | ---------
Net current liabilities |  | 221,480 | 218,453
|  | --------- | ---------
Total assets less current liabilities |  | ( 219,714) | ( 215,490)
|  | --------- | ---------
Net liabilities |  | ( 219,714) | ( 215,490)
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 10 | 10
Profit and loss account |  | ( 219,724) | ( 215,500)
|  | --------- | ---------
Shareholders deficit |  | ( 219,714) | ( 215,490)
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tapjet Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 13 February 2026 , and are signed on behalf of the board by:

Mr C Harris
Director

Company registration number: 08599392

Tapjet Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis. The going concern basis is believed to be appropriate due to the continued support of the company's directors and creditors. Having considered the level of losses incurred to date, the directors are of the opinion that the company is still in a position to continue trading, and that directors and creditors will provide adequate support to ensure that the debts incurred in the normal course of business may be settled as they fall due.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Computer equipment | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets

| Plant and machinery | Total
| £ | £
Cost |  |
At 1 June 2024 and 31 May 2025 | 6,554 | 6,554
| ------- | -------
Depreciation |  |
At 1 June 2024 | 3,591 | 3,591
Charge for the year | 1,197 | 1,197
| ------- | -------
At 31 May 2025 | 4,788 | 4,788
| ------- | -------
Carrying amount |  |
At 31 May 2025 | 1,766 | 1,766
| ------- | -------
At 31 May 2024 | 2,963 | 2,963
| ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 531 | 699
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 156 | 156
Other creditors | 248,024 | 248,024
| --------- | ---------
| 248,180 | 248,180
| --------- | ---------

8. Related party transactions
The Other Media Limited, a company in which Mr G Crabb is sole Director and a shareholders, paid set up development costs on behalf of Tapjet Limited totalling £245,000. This is due for repayment only when the Company is in a position to be able to repay the funds from profits. The Other Media Limited continues to support Tapjet Limited .