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Registered number: 11197698
Tidal Developments Limited
Financial Statements
For The Year Ended 27 February 2026
Affinity Associates (AU) Limited
Suite A, First Floor, Unit 1
Eurogate Business Park, Trinity Road
Ashford
Kent
TN24 8XW
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 11197698
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 171 214
Investments 5 1 -
172 214
CURRENT ASSETS
Stocks 6 142,235 139,697
Cash at bank and in hand 7,426 13,737
149,661 153,434
Creditors: Amounts Falling Due Within One Year 7 (28,164 ) (26,437 )
NET CURRENT ASSETS (LIABILITIES) 121,497 126,997
TOTAL ASSETS LESS CURRENT LIABILITIES 121,669 127,211
Creditors: Amounts Falling Due After More Than One Year 8 (20,315 ) (26,272 )
NET ASSETS 101,354 100,939
CAPITAL AND RESERVES
Called up share capital 9 90 90
Income Statement 101,264 100,849
SHAREHOLDERS' FUNDS 101,354 100,939
Page 1
Page 2
For the year ending 27 February 2026 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr S C Payne
Director
21 October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tidal Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11197698 . The registered office is 2 Gilbert Road, St Leonards On Sea, East Sussex, TN38 0RH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight line basis
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 3)
3 3
Page 3
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 28 February 2025 960
As at 27 February 2026 960
Depreciation
As at 28 February 2025 746
Provided during the period 43
As at 27 February 2026 789
Net Book Value
As at 27 February 2026 171
As at 28 February 2025 214
5. Investments
Associates
£
Cost or Valuation
As at 28 February 2025 -
Additions 1
As at 27 February 2026 1
Provision
As at 28 February 2025 -
As at 27 February 2026 -
Net Book Value
As at 27 February 2026 1
As at 28 February 2025 -
6. Stocks
2026 2025
£ £
Work in progress 142,235 139,697
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts 5,000 5,000
Other creditors 23,056 20,908
Taxation and social security 108 529
28,164 26,437
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 20,315 26,272
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 90 90
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