Tap London Limited - Filleted accounts

Registered number

08868648

Tap London Limited

Filleted Financial Statements

31 January 2026

Tap London Limited
Registered number:		08868648
Statement of Financial Position
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		53,121			71,391

Current assets
Debtors	4	2,151,383			1,839,419
Cash at bank and in hand		1,669,546			1,722,736
		3,820,929			3,562,155

Creditors: amounts falling due within one year	5	(1,389,815)			(990,061)

Net current assets			2,431,114			2,572,094

Net assets			2,484,235			2,643,485

Capital and reserves
Called up share capital			1,200			1,200
Profit and loss account			2,483,035			2,642,285

Shareholders' funds			2,484,235			2,643,485

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. Thedirectors' report and statement of income and retained earnings have not been delivered to the Registrar of Companies.




A Haines
Director
Approved by the board on 21 October 2026

Tap London Limited
Notes to the Financial Statements
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 of information technology consultancy. Turnover is recognised in the financial statements in the period the services are provided.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	33% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is considered immaterial.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to statement of income and retained earnings.

	Pensions
	The company operates a money purchase pension scheme. Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		54		46


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 February 2025				224,625
	Additions				28,626
	At 31 January 2026				253,251

	Depreciation
	At 1 February 2025				153,234
	Charge for the year				46,896
	At 31 January 2026				200,130

	Net book value
	At 31 January 2026				53,121
	At 31 January 2025				71,391


4	Debtors		2026		2025
£				£

	Trade debtors		1,549,423		1,233,962
	Rent deposit		44,266		44,266
	Intercompany loan		388,719		538,472
	Other debtors		168,975		22,719
			2,151,383		1,839,419

	At the year end, amounts due from TAP USA LLC, a subsidiary of TAP Holdings, comprised overdue trade receivables of £96,513 (USD $132,605) and a loan of £538,472 (USD $710,000) which had passed its contractual maturity date. No repayments had been received by the year end, and no repayment schedule had been provided by TAP USA LLC. Having considered the circumstances and the recoverability of these balances, the directors have recognised a bad debt provision of £96,513 (USD $132,605) and an impairment provision of £149,573 (USD $200,000). The company continues to pursue recovery of the amounts due. The impairment provision reflects the assessment of recoverability and does not constitute a waiver or release of the underlying debts.

5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		18,497		12,851
	Taxation and social security costs		551,001		392,856
	Other creditors		820,317		584,354
			1,389,815		990,061


6	Related party

	TAP London Limited is a wholly owned subsidiary of TAP London Holdings Limited and a related party of TAP Holdings USA & TAP CXM SLU.


7	Other information

	Tap London Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1st Floor
	2 Woodberry Grove
	Finchley
	London
	N12 0NR