1
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2021-01-01
Sage Accounts Production Advanced 2021 - FRS102_2021
120,000
72,000
12,000
84,000
36,000
48,000
59,357
58,654
337
58,991
366
703
51
51
51
xbrli:pure
xbrli:shares
iso4217:GBP
8644619
2021-01-01
2021-12-31
8644619
2021-12-31
8644619
2020-12-31
8644619
2020-01-01
2020-12-31
8644619
2020-12-31
8644619
bus:OrdinaryShareClass1
2021-01-01
2021-12-31
8644619
bus:Director1
2021-01-01
2021-12-31
8644619
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2020-12-31
8644619
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2021-12-31
8644619
core:WithinOneYear
2021-12-31
8644619
core:WithinOneYear
2020-12-31
8644619
core:AfterOneYear
2021-12-31
8644619
core:AfterOneYear
2020-12-31
8644619
core:ShareCapital
2021-12-31
8644619
core:ShareCapital
2020-12-31
8644619
core:SharePremium
2021-12-31
8644619
core:SharePremium
2020-12-31
8644619
core:RetainedEarningsAccumulatedLosses
2021-12-31
8644619
core:RetainedEarningsAccumulatedLosses
2020-12-31
8644619
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2021-01-01
2021-12-31
8644619
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2020-12-31
8644619
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2021-12-31
8644619
core:CostValuation
core:Non-currentFinancialInstruments
2021-12-31
8644619
core:Non-currentFinancialInstruments
2021-12-31
8644619
bus:SmallEntities
2021-01-01
2021-12-31
8644619
bus:AuditExempt-NoAccountantsReport
2021-01-01
2021-12-31
8644619
bus:FullAccounts
2021-01-01
2021-12-31
8644619
bus:SmallCompaniesRegimeForAccounts
2021-01-01
2021-12-31
8644619
bus:PrivateLimitedCompanyLtd
2021-01-01
2021-12-31
8644619
bus:OrdinaryShareClass1
2021-12-31
8644619
bus:OrdinaryShareClass1
2020-12-31
8644619
core:OfficeEquipment
2021-12-31
8644619
core:OfficeEquipment
2020-12-31
8644619
core:OfficeEquipment
2021-01-01
2021-12-31
COMPANY REGISTRATION NUMBER:
8644619
TACTICAL WIRELESS LIMITED
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS
|
|
TACTICAL WIRELESS LIMITED
|
|
31 December 2021
FIXED ASSETS
Intangible assets
|
5
|
|
36,000
|
|
48,000
|
Tangible assets
|
6
|
|
366
|
|
703
|
Investments
|
7
|
|
51
|
|
–
|
|
|
-------
|
|
-------
|
|
|
36,417
|
|
48,703
|
|
|
|
|
|
|
CURRENT ASSETS
Debtors
|
8
|
23,890
|
|
60,871
|
|
Cash at bank and in hand
|
24,254
|
|
25,630
|
|
|
-------
|
|
-------
|
|
|
48,144
|
|
86,501
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year
|
9
|
(
31,361)
|
|
(
71,756)
|
|
|
-------
|
|
-------
|
|
NET CURRENT ASSETS
|
|
16,783
|
|
14,745
|
|
|
-------
|
|
-------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
53,200
|
|
63,448
|
|
|
|
|
|
|
CREDITORS: amounts falling due after more than one year
|
10
|
|
(
17,824)
|
|
(
22,638)
|
|
|
-------
|
|
-------
|
NET ASSETS
|
|
35,376
|
|
40,810
|
|
|
-------
|
|
-------
|
|
|
|
|
|
|
CAPITAL AND RESERVES
Called up share capital
|
11
|
|
100,000
|
|
100,000
|
Share premium account
|
|
20,000
|
|
20,000
|
Profit and loss account
|
|
(
84,624)
|
|
(
79,190)
|
|
|
--------
|
|
--------
|
SHAREHOLDERS FUNDS
|
|
35,376
|
|
40,810
|
|
|
--------
|
|
--------
|
|
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
TACTICAL WIRELESS LIMITED
|
|
BALANCE SHEET (continued)
|
|
31 December 2021
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2022
, and are signed on behalf of the board by:
Company registration number:
8644619
TACTICAL WIRELESS LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 DECEMBER 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Bucks, HP18 0RA.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents the amounts derived from the provision of goods and services supplied by the company, and is stated net of Value Added Tax and discounts given.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Intellectual property
|
-
|
10 years straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment
|
-
|
25% straight line
|
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Financial assets comprise of debtors and cash. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities comprise of creditors. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Intangible assets
|
Development costs
|
|
£
|
Cost
|
|
At 1 January 2021 and 31 December 2021
|
120,000
|
|
--------
|
Amortisation
|
|
At 1 January 2021
|
72,000
|
Charge for the year
|
12,000
|
|
--------
|
At 31 December 2021
|
84,000
|
|
--------
|
Carrying amount
|
|
At 31 December 2021
|
36,000
|
|
--------
|
At 31 December 2020
|
48,000
|
|
--------
|
|
|
6.
Tangible assets
|
Equipment
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 January 2021 and 31 December 2021
|
59,357
|
59,357
|
|
-------
|
-------
|
Depreciation
|
|
|
At 1 January 2021
|
58,654
|
58,654
|
Charge for the year
|
337
|
337
|
|
-------
|
-------
|
At 31 December 2021
|
58,991
|
58,991
|
|
-------
|
-------
|
Carrying amount
|
|
|
At 31 December 2021
|
366
|
366
|
|
-------
|
-------
|
At 31 December 2020
|
703
|
703
|
|
-------
|
-------
|
|
|
|
7.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1 January 2021
|
–
|
Additions
|
51
|
|
----
|
At 31 December 2021
|
51
|
|
----
|
Impairment
|
|
At 1 January 2021 and 31 December 2021
|
–
|
|
----
|
|
|
Carrying amount
|
|
At 31 December 2021
|
51
|
|
----
|
At 31 December 2020
|
–
|
|
----
|
|
|
8.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Other debtors
|
23,890
|
60,871
|
|
-------
|
-------
|
|
|
|
9.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Bank loans and overdrafts
|
4,820
|
2,362
|
Other creditors
|
26,541
|
69,394
|
|
-------
|
-------
|
|
31,361
|
71,756
|
|
-------
|
-------
|
|
|
|
10.
Creditors:
amounts falling due after more than one year
|
2021
|
2020
|
|
£
|
£
|
Bank loans and overdrafts
|
17,824
|
22,638
|
|
-------
|
-------
|
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2020: £2,643) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
11.
Called up share capital
Issued, called up and fully paid
|
2021
|
2020
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
100,000
|
100,000
|
100,000
|
100,000
|
|
--------
|
--------
|
--------
|
--------
|
|
|
|
|
|