TAD Global Limited - Accounts to registrar (filleted) - small 22.3

TAD Global Limited - Accounts to registrar (filleted) - small 22.3

TAD GLOBAL LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v22.3.3.48 12506446 director 1.4.21 31.3.22 31.3.22 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure125064462021-03-31125064462022-03-31125064462021-04-012022-03-31125064462020-03-08125064462020-03-092021-03-31125064462021-03-3112506446ns16:EnglandWales2021-04-012022-03-3112506446ns15:PoundSterling2021-04-012022-03-3112506446ns11:Director12021-04-012022-03-3112506446ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3112506446ns11:SmallEntities2021-04-012022-03-3112506446ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3112506446ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3112506446ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3112506446ns11:FullAccounts2021-04-012022-03-3112506446ns11:RegisteredOffice2021-04-012022-03-3112506446ns6:CurrentFinancialInstruments2022-03-3112506446ns6:CurrentFinancialInstruments2021-03-3112506446ns6:ShareCapital2022-03-3112506446ns6:ShareCapital2021-03-3112506446ns6:RetainedEarningsAccumulatedLosses2022-03-3112506446ns6:RetainedEarningsAccumulatedLosses2021-03-3112506446ns6:FurnitureFittings2021-04-012022-03-3112506446ns6:ComputerEquipment2021-04-012022-03-3112506446ns6:PlantMachinery2021-03-3112506446ns6:PlantMachinery2021-04-012022-03-3112506446ns6:PlantMachinery2022-03-3112506446ns6:PlantMachinery2021-03-3112506446ns6:AdditionsToInvestments2022-03-3112506446ns6:CostValuation2022-03-3112506446ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3112506446ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3112506446ns11:Director112021-03-3112506446ns11:Director112020-03-0812506446ns11:Director112021-04-012022-03-3112506446ns11:Director112020-03-092021-03-3112506446ns11:Director112022-03-3112506446ns11:Director112021-03-31
REGISTERED NUMBER: 12506446 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

TAD GLOBAL LIMITED
TAD GLOBAL LIMITED (REGISTERED NUMBER: 12506446)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TAD GLOBAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTOR: T Anderson-Dixon





REGISTERED OFFICE: 13 Oakfield Road
Clifton
Bristol
BS8 2AJ





REGISTERED NUMBER: 12506446 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA
Page 1
TAD GLOBAL LIMITED (REGISTERED NUMBER: 12506446)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2022

2022 2021
Notes £    £   
Fixed assets
Tangible assets 5 948 1,544
Investments 6 9,700 -
10,648 1,544

Current assets
Debtors 7 83,337 339,311
Cash at bank 417,003 424,913
500,340 764,224
Creditors
Amounts falling due within one year 8 (73,313 ) (348,058 )
Net current assets 427,027 416,166
Total assets less current liabilities 437,675 417,710

Provisions for liabilities (79,033 ) (176,790 )

Accruals and deferred income (73,831 ) -
Net assets 284,811 240,920

Capital and reserves
Called up share capital 1 1
Retained earnings 284,810 240,919
Shareholders' funds 284,811 240,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 31st March 2023 and were signed by:





T Anderson-Dixon - Director


The notes form part of these financial statements

Page 2
TAD GLOBAL LIMITED (REGISTERED NUMBER: 12506446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

TAD Global Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12506446 and registered office is 13 Oakfield Road, Clifton, Bristol BS8 2AJ. The principal activity during the year was that of wholesale trade.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis and under the historical cost convention.

Functional currency
The financial statements are prepared in sterling which is the functional currency of the company.

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities and accruals are its critical accounting estimates.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Page 3 continued...
TAD GLOBAL LIMITED (REGISTERED NUMBER: 12506446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2021
and 31st March 2022 2,198
DEPRECIATION
At 1st April 2021 654
Charge for year 596
At 31st March 2022 1,250
NET BOOK VALUE
At 31st March 2022 948
At 31st March 2021 1,544

Page 4 continued...
TAD GLOBAL LIMITED (REGISTERED NUMBER: 12506446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 9,700
At 31st March 2022 9,700
NET BOOK VALUE
At 31st March 2022 9,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 38,342 74,478
Other debtors 44,995 264,833
83,337 339,311

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 71,365 319,436
Taxation and social security 1,948 28,622
73,313 348,058

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st March 2022 and the period ended 31st March 2021:

2022 2021
£    £   
T Anderson-Dixon
Balance outstanding at start of year 23,901 -
Amounts advanced 23,324 24,001
Amounts repaid (24,000 ) (100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,225 23,901

The overdrawn directors loan account was repaid within nine months of the year end.

Page 5