Registered Number
:
07630726
|
For the year ended 31 May 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2020
Tadmark Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Tadmark Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
5,936
1,543
2
5,936
1,543
3,000
7,242
3
Trade and other receivables
|
2,845
2,490
4
3,039
Cash and cash equivalents
|
7,231
16,963
8,884
Trade and other payables
:
amounts falling due within one
|
year
|
(874)
(1,965)
5
8,010
14,998
Net current assets
Total assets less current liabilities
|
20,934
9,553
Trade and other payables
:
amounts falling due after more
|
than one year
|
(33,762)
(56,175)
6
(176)
(293)
Provisions for liabilities
|
(35,417)
Net liabilities
(24,502)
10,000
10,000
(45,417)
(34,502)
(35,417)
(24,502)
Shareholders' funds
For the year ended 31 May 2020 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 of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 24 May 2021 and were signed by:
|
1 of 5
For the year ended 31 May 2020
Tadmark Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 May 2020
Tadmark Limited
Notes to the Financial Statements
Statutory Information
Tadmark Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
07630726
.
|
Meadow View
Milwr Road
Holywell
Flintshire
CH8 8HE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Significant judgements and estimates
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 5
For the year ended 31 May 2020
Tadmark Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
2,443
1,943
500
5,009
5,009
-
500
6,952
7,452
Provision for depreciation and impairment
|
900
600
300
Charge for year
616
566
50
1,516
1,166
350
150
5,786
5,936
200
1,343
1,543
2019
2020
7,242
3,000
4
.
Trade and other receivables
|
2019
2020
1,497
2,845
Taxation and social security
|
993
-
2,845
2,490
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
1,166
284
Taxation and social security
|
236
590
Accruals and deferred income
|
563
-
1,965
874
4 of 5
For the year ended 31 May 2020
Tadmark Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
Bank loans and overdraft
(
secured
)
|
14,085
-
33,762
38,330
Directors
'
loan accounts
|
3,760
-
56,175
33,762
7
.
Average number of persons employed
|
During the year the average number of employees was 2 (2019 : 1)
5 of 5