Tasman Analytics Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10824789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

TASMAN ANALYTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S J Hick

T S In'T Veld

REGISTERED OFFICE:

111 Seymour Road

London

N8 0BH

REGISTERED NUMBER:

10824789 (England and Wales)

ACCOUNTANTS:

Green and Purple Limited

The Barn

13-17 Margett Street

Cottenham

Cambridgeshire

CB24 8QY

FIXED ASSETS

Tangible assets

4

13,092

10,045

Investments

5

8,521

8,521

21,613

18,566

CURRENT ASSETS

Debtors

6

337,215

248,368

Prepayments and accrued income

12,647

-

Cash at bank

114,603

66,638

464,465

315,006

CREDITORS

Amounts falling due within one year

7

(149,609

)

(144,550

)

NET CURRENT ASSETS

314,856

170,456

TOTAL ASSETS LESS CURRENT LIABILITIES

336,469

189,022

PROVISIONS FOR LIABILITIES

(2,488

)

(1,909

)

NET ASSETS

333,981

187,113

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

(8,900

)

(8,900

)

Retained earnings

342,781

195,913

333,981

187,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 9 February 2023 and were signed on its behalf by:

T S In'T Veld - Director

1.	Statutory information

Tasman Analytics 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.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

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

Fixtures & fittings 33%

Computer equipment 50%

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2021 - 5 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2021

39,249

Additions

14,620

At 30 June 2022

53,869

Depreciation

At 1 July 2021

29,204

Charge for year

11,573

At 30 June 2022

40,777

Net book value

At 30 June 2022

13,092

At 30 June 2021

10,045

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 July 2021

and 30 June 2022

8,521

Net book value

At 30 June 2022

8,521

At 30 June 2021

8,521

Subsidiary undertakings of the company;

Name - Tasman Analytics BV (incorporated 29 November 2019)

Country of incorporation - The Netherlands. Registered No. 76541215

Class of shares - Ordinary

Holding - 100%

Principal activity - Data analysis consultancy

The aggregate of the share capital and reserves of Tasman Analytics BV at 30 June 2022, and the profit or loss for the period ended on that date were;

Aggregate capital & reserves £48,682 (€56,563)

Profit for the year £23,122 (€26,865)

Inter-company transactions during the year to 30 June 2022 were;

The company charged £123,000 of management and contractor fees to Tasmsan Analytics BV.

During the year to 30 June 2022, Tasman Analytics BV fully repaid the €25,000 loan made in 2020 as well as £1,991 of interest.

6.

Debtors: amounts falling due within one year

2022

2021

£

£

Trade debtors

216,463

160,433

Amounts owed by group undertakings

-

67,435

Other debtors

120,752

20,500

337,215

248,368

7.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

12,883

3,562

Taxation and social security

94,882

136,020

Other creditors

41,844

4,968

149,609

144,550