Company Registration No. 8535522 (England and Wales)
FANTASTIC TACKLE GROUP LTD
Unaudited accounts
for the year ended 31 May 2021
FANTASTIC TACKLE GROUP LTD
Unaudited accounts
Contents
FANTASTIC TACKLE GROUP LTD
Company Information
for the year ended 31 May 2021
Company Number
8535522 (England and Wales)
Accountants
CASA Accountancy & Bookkeeping Ltd
17 Lipizzaner Fields
Whiteley
Fareham
Hampshire
PO15 7BH
FANTASTIC TACKLE GROUP LTD
Statement of financial position
as at
31 May 2021
Tangible assets
434
1,302
Cash at bank and in hand
17,107
32,014
Creditors: amounts falling due within one year
(116)
5,612
Net current assets
16,991
37,626
Total assets less current liabilities
17,425
38,928
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net liabilities
(32,575)
(11,072)
Called up share capital
100
100
Capital redemption reserve
-
52,468
Capital contribution reserve
-
10,187
Profit and loss account
(32,675)
(86,327)
Shareholders' funds
(32,575)
(11,072)
For the year ending 31 May 2021 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2022 and were signed on its behalf by
George Smart
Director
Company Registration No. 8535522
FANTASTIC TACKLE GROUP LTD
Notes to the Accounts
for the year ended 31 May 2021
FANTASTIC TACKLE GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 8535522.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
40% Straight Line
Computer equipment
40% Straight Line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
4,121
4,203
8,324
At 31 May 2021
4,121
4,203
8,324
At 1 June 2020
4,121
2,901
7,022
Charge for the year
-
868
868
At 31 May 2021
4,121
3,769
7,890
At 31 May 2020
-
1,302
1,302
5
Creditors: amounts falling due within one year
2021
2020
Loans from directors
-
(5,462)
FANTASTIC TACKLE GROUP LTD
Notes to the Accounts
for the year ended 31 May 2021
6
Creditors: amounts falling due after more than one year
2021
2020
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).