Company Registration No. 09494355 (England and Wales)
Tribalik Limited
Unaudited accounts
for the year ended 31 March 2018
Tribalik Limited
Unaudited accounts
Contents
Tribalik Limited
Company Information
for the year ended 31 March 2018
Directors
Ms D Prerz
D Perez-Trejo
Company Number
09494355 (England and Wales)
Registered Office
97 Hollingdean Terrace
Brighton
East Sussex
BN1 7HB
United Kingdom
Accountants
LMAC Ltd
LGF, 5 Brunswick Place
Hove
East Sussex
BN3 1EA
Tribalik Limited
Statement of financial position
as at
31 March 2018
Tangible assets
1,584
2,449
Cash at bank and in hand
2,292
491
Creditors: amounts falling due within one year
(69,732)
(59,426)
Net current liabilities
(26,239)
(2,236)
Net (liabilities)/assets
(24,655)
213
Called up share capital
100
100
Profit and loss account
(24,755)
113
Shareholders' funds
(24,655)
213
For the year ending 31 March 2018 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 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.
Approved by the Board on 14 December 2018.
Ms D Prerz
Director
Company Registration No. 09494355
Tribalik Limited
Notes to the Accounts
for the year ended 31 March 2018
Tribalik Limited is a private company, limited by shares, registered in England and Wales, registration number 09494355. The registered office is 97 Hollingdean Terrace, Brighton, East Sussex, BN1 7HB, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statements have been prepared on a going concern basis. Following a detailed reveiw of the company's cash requirements the directors consider that the company will be able to continue in operational existence for the foreseeable future. The principal factors in the consideration are the continued support of the banks,creditros and directors. For this reasonm the directors continue to adopt the going concern basis in pereparing the accounts. Should this not prove to be the case appropriate adjustments would have to be made to reduce the balance sheet value of the assets to their recoverable amounts and to provide fo any further liabilities that might arise.
Tribalik Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Finished goods
8,349
9,099
Accrued income and prepayments
3,366
3,366
Other debtors
29,486
44,234
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,320
5,370
Trade creditors
1,090
977
Taxes and social security
4,216
999
Loans from directors
48,159
50,149
8
Transactions with related parties
Other debtors includes an amount of £26,503 (2017:42,718) which is due from Sea Gypsy Ltd, a company owned by the Directors.
9
Average number of employees
During the year the average number of employees was 5 (2017: 6).