Tai Chi Branch Ma Limited


3 June 2019falseNo description of principal activityTaxfiler2020.15.112028942business:PrivateLimitedCompanyLtd2019-06-032020-06-30120289422019-06-02120289422019-06-032020-06-3012028942business:AuditExemptWithAccountantsReport2019-06-032020-06-3012028942business:FullAccounts2019-06-032020-06-30120289422020-06-3012028942business:Director12019-06-032020-06-3012028942business:RegisteredOffice2019-06-032020-06-3012028942core:WithinOneYear2020-06-3012028942core:ShareCapital2020-06-3012028942core:RetainedEarningsAccumulatedLosses2020-06-3012028942business:SmallEntities2019-06-032020-06-3012028942countries:EnglandWales2019-06-032020-06-3012028942core:ComputerEquipment2019-06-0212028942core:ComputerEquipment2019-06-032020-06-3012028942core:ComputerEquipment2020-06-3012028942business:OrdinaryShareClass12019-06-032020-06-30iso4217:GBPxbrli:sharesxbrli:pure
Company Registration No. 12028942 (England and Wales)
Tai Chi Branch Ma LimitedUnaudited accounts for the period from 3 June 2019 to 30 June 2020
Tai Chi Branch Ma LimitedUnaudited accounts Contents
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Tai Chi Branch Ma Limited Company Information for the period from 3 June 2019 to 30 June 2020
Director
Matthew Ackroyd
Company Number
12028942 (England and Wales)
Registered Office
165 High StreetHonitonDevonEX14 1LQ
Accountants
Griffin 165 High Street Honiton Devon EX14 1LQ
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Tai Chi Branch Ma Limited Statement of financial position as at 30 June 2020
2020 
Notes
£ 
Fixed assets
Tangible assets
147 
Current assets
Cash at bank and in hand
12,689 
Creditors: amounts falling due within one year
(8,908)
Net current assets
3,781 
Net assets
3,928 
Capital and reserves
Called up share capital
100 
Profit and loss account
3,828 
Shareholders' funds
3,928 
For the period ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 February 2021 and were signed on its behalf by
Matthew Ackroyd Director Company Registration No. 12028942
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Tai Chi Branch Ma Limited Notes to the Accounts for the period from 3 June 2019 to 30 June 2020
1
Statutory information
Tai Chi Branch Ma Limited is a private company, limited by shares, registered in England and Wales, registration number 12028942. The registered office is 165 High Street, Honiton, Devon, EX14 1LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Accounting basis
The accounts have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accounting Practice.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tai Chi Branch Ma Limited Notes to the Accounts for the period from 3 June 2019 to 30 June 2020
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 3 June 2019
- 
Additions
220 
At 30 June 2020
220 
Depreciation
Charge for the period
73 
At 30 June 2020
73 
Net book value
At 30 June 2020
147 
5
Creditors: amounts falling due within one year
2020 
£ 
Taxes and social security
4,528 
Loans from directors
3,360 
Accruals
1,020 
8,908 
6
Share capital
2020 
£ 
Allotted, called up and fully paid:
100Ordinary shares of £1 each
100 
Shares issued during the period:
100Ordinary shares of £1 each
100 
7
Average number of employees
During the period the average number of employees was 0.
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