Tigertech Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06852695 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

TIGERTECH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Snook

SECRETARY:

Ms M Willis

REGISTERED OFFICE:

6 Manor Mews

Bridge Street

St Ives

Cambridgeshire

PE27 5UW

REGISTERED NUMBER:

06852695 (England and Wales)

ACCOUNTANT:

HW Huntingdon Limited

2a Chequers Court

Huntingdon

PE29 3LJ

FIXED ASSETS

Intangible assets

4

2,500

3,750

Tangible assets

5

1,761

1,965

4,261

5,715

CURRENT ASSETS

Debtors

6

9,659

9,482

Cash at bank

1,051

521

10,710

10,003

CREDITORS

Amounts falling due within one year

7

7,528

7,033

NET CURRENT ASSETS

3,182

2,970

TOTAL ASSETS LESS CURRENT LIABILITIES

7,443

8,685

PROVISIONS FOR LIABILITIES

8

335

373

NET ASSETS

7,108

8,312

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

7,106

8,310

SHAREHOLDERS' FUNDS

7,108

8,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 June 2019 and were signed by:

I Snook - Director

1.	STATUTORY INFORMATION

Tigertech Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

5,000

AMORTISATION

At 1 April 2018

1,250

Amortisation for year

1,250

At 31 March 2019

2,500

NET BOOK VALUE

At 31 March 2019

2,500

At 31 March 2018

3,750

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

2,449

DEPRECIATION

At 1 April 2018

484

Charge for year

204

At 31 March 2019

688

NET BOOK VALUE

At 31 March 2019

1,761

At 31 March 2018

1,965

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,240

1,240

Directors' current accounts

8,419

8,242

9,659

9,482

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,277

277

Tax

4,742

4,306

Social security and other taxes

237

855

Credit card

125

490

Pension fund

43

-

Accruals and deferred income

1,104

1,105

7,528

7,033

8.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

335

373

Deferred

tax

£

Balance at 1 April 2018

373

Utilised during year

(38

)

Balance at 31 March 2019

335

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

2

Ordinary

£1

2

2

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

I Snook

Balance outstanding at start of year

(8,242

)

2,716

Amounts advanced

20,000

10,000

Amounts repaid

(20,177

)

(20,958

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,419

)

(8,242

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Snook.