Taku Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 02631989 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Taku Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W Riley

SECRETARY:

W Riley

REGISTERED OFFICE:

16-18 Mount Pleasant

Liverpool

L3 5RY

REGISTERED NUMBER:

02631989 (England and Wales)

ACCOUNTANTS:

Tancred Financial Ltd

12 Alder Road

Liverpool

Merseyside

L12 2AY

FIXED ASSETS

Tangible assets

4

255,392

265,933

CURRENT ASSETS

Stocks

5

999

867

Cash at bank and in hand

50,635

57,389

51,634

58,256

CREDITORS

Amounts falling due within one year

6

91,390

90,561

NET CURRENT LIABILITIES

(39,756

)

(32,305

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

215,636

233,628

CREDITORS

Amounts falling due after more than one year

7

50,000

NET ASSETS

165,636

183,628

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

165,536

183,528

SHAREHOLDERS' FUNDS

165,636

183,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 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 director and authorised for issue on 24 March 2022 and were signed by:

W Riley - Director

1.	STATUTORY INFORMATION

Taku Ltd. 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 October 2020

and 30 September 2021

422,158

115,788

537,946

DEPRECIATION

At 1 October 2020

168,111

103,902

272,013

Charge for year

8,443

2,098

10,541

At 30 September 2021

176,554

106,000

282,554

NET BOOK VALUE

At 30 September 2021

245,604

9,788

255,392

At 30 September 2020

254,047

11,886

265,933

5.

STOCKS

30.9.21

30.9.20

£

Stocks

999

867

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

Trade creditors

22,289

17,379

Tax

2,001

Social security and other taxes

7,386

15,173

Other creditors

2,600

Directors' current accounts

57,114

53,408

91,390

90,561

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.21

30.9.20

£

Bank loans more 5 yr by instal

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

Taku Ltd. - Accounts to registrar (filleted) - small 18.2

Taku Ltd. - Accounts to registrar (filleted) - small 18.2