Tigart Limited

Tigart Limited

TIGART LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2021.11 04608236business:PrivateLimitedCompanyLtd2020-01-012020-12-31 046082362019-12-31 046082362020-01-012020-12-31 04608236business:AuditExempt-NoAccountantsReport2020-01-012020-12-31 04608236business:FullAccounts2020-01-012020-12-31 046082362020-12-31 04608236business:Director12020-01-012020-12-31 04608236business:RegisteredOffice2020-01-012020-12-31 04608236core:WithinOneYear2020-12-31 04608236core:AfterOneYear2020-12-31 04608236core:ShareCapital2020-12-31 04608236core:RetainedEarningsAccumulatedLosses2020-12-31 04608236business:SmallEntities2020-01-012020-12-31 04608236countries:EnglandWales2020-01-012020-12-31 04608236core:PlantMachinery2020-01-012020-12-31 04608236core:MotorVehicles2020-01-012020-12-31 04608236core:FurnitureFittings2020-01-012020-12-31 04608236core:PlantMachinery2019-12-31 04608236core:MotorVehicles2019-12-31 04608236core:FurnitureFittings2019-12-31 04608236core:PlantMachinery2020-12-31 04608236core:MotorVehicles2020-12-31 04608236core:FurnitureFittings2020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04608236 (England and Wales)
Tigart Limited Unaudited accounts for the year ended 31 December 2020
Tigart Limited Unaudited accounts Contents
Page
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Tigart Limited Company Information for the year ended 31 December 2020
Director
Mr Paul Jeremy Taylor
Company Number
04608236 (England and Wales)
Registered Office
12B Algores Way Wisbech Cambridgeshire PE13 2TQ United Kingdom
Accountants
M&L Accountants Limited 48 Broadstone Drive Hampton Water Peterborough Cambridgeshire PE7 8QR
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Tigart Limited Statement of financial position as at 31 December 2020
2020 
Notes
£ 
Fixed assets
Tangible assets
4
23,827 
Current assets
Inventories
5,000 
Debtors
5
14,678 
Cash at bank and in hand
11,332 
31,010 
Creditors: amounts falling due within one year
6
(36,392)
Net current liabilities
(5,382)
Total assets less current liabilities
18,445 
Creditors: amounts falling due after more than one year
7
(12,616)
Provisions for liabilities
Deferred tax
(4,792)
Net assets
1,037 
Capital and reserves
Called up share capital
100 
Profit and loss account
937 
Shareholders' funds
1,037 
For the year ending 31 December 2020 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 28 September 2021 and were signed on its behalf by
Mr Paul Jeremy Taylor Director Company Registration No. 04608236
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Tigart Limited Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
Tigart Limited is a private company, limited by shares, registered in England and Wales, registration number 04608236. The registered office is 12B Algores Way, Wisbech, Cambridgeshire, PE13 2TQ, 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.
3
Accounting policies
These financial statements for the year ended 31 December 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2020
85,594 
35,455 
1,815 
122,864 
Additions
4,553 
- 
- 
4,553 
At 31 December 2020
90,147 
35,455 
1,815 
127,417 
Depreciation
At 1 January 2020
80,958 
14,273 
1,233 
96,464 
Charge for the year
1,686 
5,295 
145 
7,126 
At 31 December 2020
82,644 
19,568 
1,378 
103,590 
Net book value
At 31 December 2020
7,503 
15,887 
437 
23,827 
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Tigart Limited Notes to the Accounts for the year ended 31 December 2020
5
Debtors: amounts falling due within one year
2020 
£ 
Trade debtors
14,678 
6
Creditors: amounts falling due within one year
2020 
£ 
Bank loans and overdrafts
30,000 
VAT
8,794 
Obligations under finance leases and hire purchase contracts
5,781 
Trade creditors
9,043 
Taxes and social security
1,566 
Loans from directors
(20,592)
Accruals
1,800 
36,392 
7
Creditors: amounts falling due after more than one year
2020 
£ 
Obligations under finance leases and hire purchase contracts
12,616 
8
Average number of employees
During the year the average number of employees was 2.
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