Company No: 08344736 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ms Sandrine Fresne
	Mr Radouane Touchent

REGISTERED OFFICE	54 Thornton Close
	Girton
	Cambridge
	CB3 0NG
	United Kingdom

BUSINESS ADDRESS	70 Chesterton Road
	Cambridge
	CB4 1EP

COMPANY NUMBER

08344736 (England and Wales)

ACCOUNTANT	Corbett Accountants Limited
	Bakersfield
	82 Station Road
	Soham
	Ely
	Cambridgeshire
	CB7 5DZ

	Note	2022		2021
		£		£
Fixed assets
Tangible assets	3	1,572		1,534
		1,572		1,534
Current assets
Stocks	4	940		850
Debtors	5	410		387
Cash at bank and in hand		53,835		32,415
		55,185		33,652
Creditors: amounts falling due within one year	6	( 34,339)		( 16,240)
Net current assets		20,846		17,412
Total assets less current liabilities		22,418		18,946
Creditors: amounts falling due after more than one year	7	( 10,246)		( 15,506)
Net assets		12,172		3,440
Capital and reserves
Called-up share capital	8	200		200
Profit and loss account		11,972		3,240
Total shareholders' funds		12,172		3,440

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Tishka Limited (registered number: 08344736) were approved and authorised for issue by the Board of Directors on 20 February 2023. They were signed on its behalf by:

Mr Radouane Touchent Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tishka Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 54 Thornton Close, Girton, Cambridge, CB3 0NG, United Kingdom. The principal place of business is 70 Chesterton Road, Cambridge, CB4 1EP.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 January 2022	6,794		6,794
Additions	431		431
At 31 December 2022	7,225		7,225
Accumulated depreciation
At 01 January 2022	5,260		5,260
Charge for the financial year	393		393
At 31 December 2022	5,653		5,653
Net book value
At 31 December 2022	1,572		1,572
At 31 December 2021	1,534		1,534

4. Stocks

	2022		2021
	£		£
Stocks	940		850

5. Debtors

	2022		2021
	£		£
Other debtors	410		387

6. Creditors: amounts falling due within one year

	2022		2021
	£		£
Bank loans	4,200		3,333
Corporation tax	9,036		6,561
Other taxation and social security	2,547		810
Other creditors	18,556		5,536
	34,339		16,240

7. Creditors: amounts falling due after more than one year

	2022		2021
	£		£
Bank loans	9,999		15,278
Deferred tax liability	247		228
	10,246		15,506

8. Called-up share capital

	2022		2021
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100		100
100 Ordinary B shares of £ 1.00 each	100		100
	200		200

9. Related party transactions

Transactions with the entity's directors

	2022		2021
	£		£
Dividends were paid in the year in respect of shares owned by the company directors.	30,000		26,000
The directors charged the company for use of office during the year.	1,500		1,500
Included in creditors is a directors loan. This loan is interest free and there are no repayment terms.	16,396		3,566
Mr. Touchent owns the property from which the company trades. No rent charge has been made.	0		0