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















Financial statements for the period 1 November 2020 to 31 March 2021

For

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

Contents of the financial statements
for the Period 1 November 2020 to 31 March 2021










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Tactics On Limited

Company information
for the Period 1 November 2020 to 31 March 2021







DIRECTORS: Mr W G T Geddes
Mr T H Gallagher





REGISTERED OFFICE: Parker Russell, Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
EC3V 4AB





REGISTERED NUMBER: 08741302





ACCOUNTANTS: Parker Russell UK
Chartered Accountants
Level 30
The Leadenhall Building
122 Leadenhall Street
City of 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 period ended 31 March 2021 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 profit of Tactics On Limited. You consider that Tactics On Limited is exempt from the statutory audit requirement for the period.

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 UK

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


Chartered Accountants
Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
EC3V 4AB


10 April 2021

This page does not form part of the statutory financial statements

Page 3
Tactics On Limited (Registered number: 08741302)

Balance sheet
31 March 2021

31.3.21 31.10.20
Notes £    £    £    £   
Fixed assets
Intangible assets 4 26,620 35,494
Tangible assets 5 56,687 67,478
83,307 102,972

Current assets
Cash at bank 410 221

Creditors
Amounts falling due within one year 6 6,978 29,039
Net current liabilities (6,568 ) (28,818 )
Total assets less current liabilities 76,739 74,154

The notes form part of these financial statements

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

Balance sheet - continued
31 March 2021

31.3.21 31.10.20
Notes £    £    £    £   
Capital and reserves
Called up share capital 1,176 1,176
Retained earnings 75,563 72,978
Shareholders' funds 76,739 74,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 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 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 and authorised for issue on 10 April 2021 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 Period 1 November 2020 to 31 March 2021


1. STATUTORY INFORMATION

Tactics On Limited is a private company, limited by shares , registered in Not specified/Other. 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 period 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 Period 1 November 2020 to 31 March 2021


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 period 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. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2020
and 31 March 2021 78,668
AMORTISATION
At 1 November 2020 43,174
Charge for period 8,874
At 31 March 2021 52,048
NET BOOK VALUE
At 31 March 2021 26,620
At 31 October 2020 35,494

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

Notes to the financial statements - continued
for the Period 1 November 2020 to 31 March 2021


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020 136,877
Additions 8,105
At 31 March 2021 144,982
DEPRECIATION
At 1 November 2020 69,399
Charge for period 18,896
At 31 March 2021 88,295
NET BOOK VALUE
At 31 March 2021 56,687
At 31 October 2020 67,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.21 31.10.20
£    £   
Taxation and social security 6,978 12,031
Other creditors - 17,008
6,978 29,039

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W G T Geddes.

Page 8