Tactics On Limited - Accounts to registrar (filleted) - small 18.2

Tactics On Limited - Accounts to registrar (filleted) - small 18.2

TACTICS ON LIMITED - Company Information

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REGISTERED NUMBER: 08741302 (England and Wales)















Financial statements for the year ended 31 October 2019

For

Tactics On Limited
Tactics On Limited (Registered number: 08741302)






Contents of the financial statements
for the Year Ended 31 October 2019




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Tactics On Limited

Company information
for the Year Ended 31 October 2019







DIRECTORS: Mr W G T Geddes
Mr T H Gallagher





REGISTERED OFFICE: 2 Old Brompton Street
Knightsbridge
London
SW7 3DQ





REGISTERED NUMBER: 08741302 (England and Wales)





ACCOUNTANTS: Parker Russell
Chartered Accountants
Level 30
The Leadenhall Building,
122 Leadenhall Building
City of London
London
EC3V 4AB
Page 1
Chartered accountants' report to the board of directors
On the unaudited financial statements of
Tactics on limited

The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Tactics On Limited for the year ended 31 October 2019 which
comprise the Income Statement, Balance Sheet and the related notes from the company's accounting
records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tactics On Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tactics On Limited and state those matters that we have agreed to state to the Board of Directors of Tactics On Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tactics On Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tactics On Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Tactics On Limited. You consider that Tactics On Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tactics On Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Parker Russell
Chartered Accountants
Level 30
The Leadenhall Building,
122 Leadenhall Building
City of London
London

This page does not form part of the statutory financial statements

Page 2
Chartered accountants' report to the board of directors
On the unaudited financial statements of
Tactics on limited

EC3V 4AB


6 December 2019

This page does not form part of the statutory financial statements

Page 3
Tactics On Limited (Registered number: 08741302)

Balance sheet
31 October 2019

31.10.19 31.10.18
Notes £    £    £    £   
Fixed assets
Intangible assets 3 36,731 48,974
Tangible assets 4 57,098 34,632
93,829 83,606

Creditors
Amounts falling due within one year 5 57,928 46,169
Net current liabilities (57,928 ) (46,169 )
Total assets less current liabilities 35,901 37,437

Capital and reserves
Called up share capital 1,176 1,176
Retained earnings 34,725 36,261
Shareholders' funds 35,901 37,437

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

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

The directors acknowledge their 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 notes form part of these financial statements

Page 4 continued...
Tactics On Limited (Registered number: 08741302)

Balance sheet - continued
31 October 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors on 6 December 2019 and were
signed on its behalf by:





Mr W G T Geddes - Director


The notes form part of these financial statements

Page 5
Tactics On Limited (Registered number: 08741302)

Notes to the financial statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Tactics On 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.


Page 6 continued...
Tactics On Limited (Registered number: 08741302)

Notes to the financial statements - continued
for the Year Ended 31 October 2019

2. ACCOUNTING POLICIES - continued
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.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2018
and 31 October 2019 68,074
AMORTISATION
At 1 November 2018 19,100
Charge for year 12,243
At 31 October 2019 31,343
NET BOOK VALUE
At 31 October 2019 36,731
At 31 October 2018 48,974

Page 7 continued...
Tactics On Limited (Registered number: 08741302)

Notes to the financial statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2018 52,506
Additions 41,499
At 31 October 2019 94,005
DEPRECIATION
At 1 November 2018 17,874
Charge for year 19,033
At 31 October 2019 36,907
NET BOOK VALUE
At 31 October 2019 57,098
At 31 October 2018 34,632

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.19 31.10.18
£    £   
Taxation and social security 747 7,521
Other creditors 57,181 38,648
57,928 46,169

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W G T Geddes.

Page 8