Contents of the Financial Statements

for the Period Ended 31 August 2025

Directors' report period ended 31 August 2025

The directors present their report with the financial statements of the company for the period ended 31 August 2025

Directors

The director shown below has held office during the period of
22 August 2024 to 31 August 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 September 2025

And signed on behalf of the board by:
Name: ESTHER ARLENE DOUGHLIN-SMITH
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2025

Balance sheet

As at 31 August 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  accounting policy consistent with the principles of FRS 102, Section 17. Depreciation rates are based on the actual useful lives of the company's assets.

  Intangible fixed assets amortisation policy

  Accounts prepared under FRS 102 Section 1A. Intangible fixed assets are stated at cost less accumulated amortisation and any accumulated impairment losses.

  Other accounting policies

  Tide is primarily a business banking platform, and its accounting policies for customers are focused on bookkeeping, transaction classification, tax reporting, and financial record-keeping rather than traditional accounting standards disclosures. Based on Tide's published accounting features, the key policies and practices include: 1. Transaction Categorisation Tide automatically categorises incoming and outgoing transactions into predefined bookkeeping categories to help customers track income and expenses accurately. Customers can also create custom categorisation rules for recurring transactions. 2. Receipt Capture and Record Keeping Customers can upload receipts through the Tide app. Receipts are stored digitally and linked to transactions, creating an audit trail and supporting accurate bookkeeping records. 3. Income and Expense Recognition Tide's accounting tools are designed to match payments received with invoices issued and to classify expenditure appropriately, helping customers identify business income and expenses consistently. 4. VAT Accounting For VAT-registered businesses, Tide allows customers to assign VAT treatments to transactions and prepare and submit VAT returns directly to HMRC through its Making Tax Digital (MTD) compliant system. 5. Tax Estimation and Provisioning Tide provides estimated liabilities for Self Assessment, Corporation Tax, and other tax obligations. It also offers linked tax-saving accounts to help customers set aside funds for future tax payments. 6. Financial Reporting Customers can generate reports covering cash flow, profit, expenses, revenue, and tax estimates. These reports support financial decision-making and compliance requirements. 7. Making Tax Digital Compliance Tide's accounting tools are recognised by HMRC and are designed to comply with the UK government's Making Tax Digital requirements for eligible businesses. 8. Data Synchronisation and Bookkeeping Controls Transactions from the Tide business account flow automatically into Tide Accounting, reducing manual data entry. Customers can monitor bookkeeping completeness through bookkeeping scores and task management features. In summary, Tide's accounting approach centres on automated bookkeeping, transaction categorisation, receipt retention, tax compliance, VAT management, and financial reporting to support UK small businesses in maintaining accurate accounting records.

Notes to the Financial Statements

for the Period Ended 31 August 2025

• 2. Employees

  	2025
  Average number of employees during the period	1