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Financial Statements for the Year Ended 31 May 2017 |
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TACT ONE LIMITED |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 May 2017 |
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for |
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TACT ONE LIMITED |
TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 MAY 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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TACT ONE LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 MAY 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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incorporating Winston Fox Nur & Co |
2A Ashfield Parade |
Crown House |
Southgate |
London |
N14 5EJ |
TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Balance Sheet |
31 MAY 2017 |
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31.5.17 | 31.5.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stock & Work in Progress | 5 |
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Debtors | 6 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
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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. |
TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Balance Sheet - continued |
31 MAY 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 MAY 2017 |
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1. | STATUTORY INFORMATION |
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Tact One Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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B) turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are |
physically delivered to the customer. |
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C) depreciation - tangible fixed assets |
Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life: |
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Furniture, Fixtures & Equipment : 20% on written down value |
Motor Vehicles : 20% on written down value |
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D) stock & work in progress |
Stocks are valued at the lower of cost and net realisable value. Cost is determined on the basis of purchase price. Net |
realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, |
obsolete or damaged stock where the net realisable value is less than cost. |
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E) going concern basis of accounting |
The accounts have been prepared on the assumption that the company is able to carry on business as a going |
concern, which the director considers appropriate having regard to the circumstances of the company. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MAY 2017 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 June 2016 |
and 31 May 2017 |
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DEPRECIATION |
At 1 June 2016 |
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Charge for year |
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At 31 May 2017 |
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NET BOOK VALUE |
At 31 May 2017 |
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At 31 May 2016 |
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5. | STOCK & WORK IN PROGRESS |
31.5.17 | 31.5.16 |
£ | £ |
Work-in-progress |
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Finished goods |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Corp Tax Payable | 8,635 | 19,981 |
Accrued expenses |
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TACT ONE LIMITED (REGISTERED NUMBER: 03998111) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 MAY 2017 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.17 | 31.5.16 |
value: | £ | £ |
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ordinary | £1 | 100 | 100 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 June 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 May 2017 |
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