TACTU_APPLICO_LIMITED - Accounts

TACTU APPLICO LIMITED - Company Information

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Company Registration No. 07978034 (England and Wales)

TACTU APPLICO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

TACTU APPLICO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TACTU APPLICO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

6,091

Current assets

Debtors

66,001

Cash at bank and in hand

17,932

83,933

Creditors: amounts falling due within one year

(30,978)

Net current assets

52,955

Total assets less current liabilities

59,046

Capital and reserves

Called up share capital

100

Profit and loss account

58,946

Shareholders' funds

59,046

For the financial year ended 31 March 2015 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 year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 22 December 2015

Mr K Gardner

Director

Company Registration No. 07978034

TACTU APPLICO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2014

Additions

7,614

At 31 March 2015

7,614

Depreciation

At 1 April 2014

Charge for the year

1,523

At 31 March 2015

1,523

Net book value

At 31 March 2015

6,091

TACTU APPLICO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

During the year the company sold services to Teathers Financial plc, a company of which Mr J Drummond is a director and shareholder, amounting to £89,465 (2014: £nil). The balance due from Teathers Financial plc at the year end was £12,000 (2014: £nil).

During the year the company sold services to Gametech Limited, a company of which Mr J Drummond is a director and shareholder, amounting to £46,259 (2014: £nil). The balance due from Gametech Limited at the year end was £42,000 (2014: £nil).