Tabiat Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 05736015

Tabiat Limited

Filleted Unaudited Financial Statements

31 March 2019

Tabiat Limited

Statement of Financial Position

31 March 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	5	180	270

Current assets

Debtors	6	60,846	265,026
Cash at bank and in hand		252,785	140,881
		---------	---------
		313,631	405,907

Creditors: amounts falling due within one year	7	22,552	96,315
		---------	---------
Net current assets		291,079	309,592
		---------	---------
Total assets less current liabilities		291,259	309,862
		---------	---------
Net assets		291,259	309,862
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	291,258	309,861
	---------	---------
Shareholders funds	291,259	309,862
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 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 .

Tabiat Limited

Statement of Financial Position (continued)

31 March 2019

These financial statements were approved by the board of directors and authorised for issue on 28 March 2020 , and are signed on behalf of the board by:

Mr S M Gani

Director

Company registration number: 05736015

Tabiat Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Macrae Road, Eden Office Park, Ham Green, Bristol, BS20 0DD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2018 and 31 March 2019	2,683	2,683
	-------	-------
Depreciation
At 1 April 2018	2,413	2,413
Charge for the year	90	90
	-------	-------
At 31 March 2019	2,503	2,503
	-------	-------
Carrying amount
At 31 March 2019	180	180
	-------	-------
At 31 March 2018	270	270
	-------	-------

6. Debtors

	2019	2018
	£	£
Trade debtors	21,419	16,196
Other debtors	39,427	248,830
	--------	---------
	60,846	265,026
	--------	---------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	18,897	81,201
Social security and other taxes	1,541	2,058
Other creditors	2,114	13,056
	--------	--------
	22,552	96,315
	--------	--------

8. Directors' advances, credits and guarantees

A balance of £39,426 (2018: £97,096) is owed to the company by the director. A dividend of £100,000 (2018; £37,000) was paid to the director during the year.