Company Registration No. 12028942 (England and Wales)
Tai Chi Branch Ma Limited
Unaudited accounts
for the period from 3 June 2019 to 30 June 2020
Tai Chi Branch Ma Limited
Unaudited accounts
Contents
Tai Chi Branch Ma Limited
Company Information
for the period from 3 June 2019 to 30 June 2020
Company Number
12028942 (England and Wales)
Registered Office
165 High Street
Honiton
Devon
EX14 1LQ
Accountants
Griffin
165 High Street
Honiton
Devon
EX14 1LQ
Tai Chi Branch Ma Limited
Statement of financial position
as at 30 June 2020
Cash at bank and in hand
12,689
Creditors: amounts falling due within one year
(8,908)
Called up share capital
100
Profit and loss account
3,828
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
Tai Chi Branch Ma Limited
Notes to the Accounts
for the period from 3 June 2019 to 30 June 2020
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.
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.
The accounts have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accounting Practice.
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.
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.
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.
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
5
Creditors: amounts falling due within one year
2020
Taxes and social security
4,528
Loans from directors
3,360
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
7
Average number of employees
During the period the average number of employees was 0.