Tick Finance Ltd Filleted Accounts 31 October 2023 Reglstgred numbor 07526461 Charlty R•glstratlon No 1144676 Oct 25, 2024 Grahame McGirr (Oct 25, 2024 13:25 GMT+1) Tick Finance Ltd Notes to the Accounts for the year ended 31 October 2023 1 Accounting policies Basis of preparalion The ac￿untS have been prepared under the historical c05t o)nverth'on and in accordance with FRS 102, Thè Financial Reporbng Stsndard applicable in Ihè UK and Rèpublic of Ireland las applied to small entities by seclj'on 1A of the standard). Tumover Tumover is measured at the fair value of the consideration received or receivable, nel of diseounls and value added taxès. Tuinover indudes revenue eafned from the sale of goods and from the rendering of services. Tumover from the sale of goods is recognised when the significant risks and rewards of ownership of Ihe goods have Iransferre(I lo the buyer. Tumover from the rendering of services is recognised by rele￿nce lo the stage of completion of the C4)nlracl. The stage of completion ol a contract is measured by comparing the costs incurred for work perfomed lo dale to the lolal eslimaled contract costs. Debtors Short term dgblors are measurgd al Iransacbon price I￿1¢h is usually the invoicg pricg1.lgss any impairment losses for bad and doubtful debts. Loans and other financial assels a￿ initially recogniseil al transaction price Including any transaction ￿$1$ and subsequendy measured al amortised cost determined using the effective interest method, less any impairrnent losses for bad and doubttul debts. Credhors Short lerni iyedilors are measured at transaction pri¢e is usually the invoice pricel. Loans and other financial liabilities are initially recognised at transaclion price net of any transaction costs arKI subsequenlty measured al amortJ"$8(J cosl (letemined using the effective interest method. 2 Employw• 2023 Numbèr 2022 Number Average number of persons employed by ihe company 3 Dobtor8 2023 2022 Trade debtors Other debtors 624,438 17.805 642,243 35,410 35,410 4 Crèdltor8: amounts falllny du• wlthln onè yèar 2023 2022 Bank loans and overdrafts Taxation and soaal security costs Other creditor5 6.360 2,857 592.923 602.140 60.834 60,834 Tick Finance Ltd Notes to the Accounts for the year ended 31 October 2023 S Creditors: amounts falling due after one year 2023 2022 Bank108ns Other creditors 37.973 22,384 60,357 6 Controlllng party Company is under the ojntrol ofthe direCt￿S. 7 Other Informatlon Tick Finance Lld is a charty limited by guarantee and incorporaled in England. Its registered office is.. Baird House City Wesl Business Pi Scotswood Road Newcastle upon Tyne NE4 70F Tick Finan￿ Ltd Report and Accounts 31 October 2023 Reglstered number 07526461 Ch•rlty R•gl•trntlon No 1144676 Tick Finance Ltd Report and accounts Contents Page Company informab.on Trustees report Independent examinerfs report Income and expenditure Balance sheet Notes lo the accounts 8-10 Tick Finance Ltd Legal and Administrative Inforniation Trustees Mr Christopher Imrie Mr Grahame McGirr Accountants Hurren & Jubb Accountants Limrted Unit 2- 4 Protection House bion Road North Shields Tyne & Wear NE30 2RH Roglst*red office Baird House City West Business Park Scotswood Road Newcasde upon Tynè NE4 7DF R•glst•rod numb•r 07526461 Tlck Flnance Ltd Registered number: Trustees Report 07526461 The directors present their ￿pOrt and a¢¢wnts for the year ended 31 October 2023. The accounts have been prepared in accordance with the accounting poliaes set out in note 1 to the accounts and comply Trhilh the Companies Act 2006 and the Statement of Recommended Pr8¢b"¢e. 'A¢counb"ng and Reporting by Charits"es". i$$ued in M3rch 2005. Structur•, govèmanc• and manag•m•nt The Smarterbuys Store Limited is a company limited by guarantee. The trustees, who are al80 the director$ for the puptsse of Company law and served during the yèar were". Ms Geraldine KaylResigned 31110r20221 Mrs Lesley RichardsonlResign8d 3111012022) Mr Keith Tallints'relResigned 3111012022 Mr Mark Davin$on (Resigned 31110120221 Mr Christopher ImrielAppoinle(131110120221 Mr Grahame McGirr (Appointed 3111012022) Political donations None of the trustees has any beneficAal intsrest in the company. Thlrd party Indomnlty provb8Son8 The trustees have assessed the major ri$k$ to which the company i¥ exposed, and arg satisfigd that systems are in place to mibgate exposure to the major risks. obj￿11¥¢$ and actl¥lUes Employment of dlsabl•d p•r8on8 The main ebie¢live of the charity is the prevention or relief of poverty throughout the UK by providing affordabla item$ and sérvice$ to individual$ in need and to work in partnership with other charities or organisations working to prevent or relieve poverty. An addition charitable obj'ective is to relieve unemployment for public benefit of commun￿'e$ throughout County Durham in such way as thought fil. The tru$tee$ have paid due regard to guidance issued by the Charity Commi$$ion in deoding what activities the company should undertake. Grahame McGirr (Oct 25, 2024 13:25 GMT+1) Oct 25, 2024 Tick Finance Ltd Independont Examiner's Report To the Tru8tee8 of the Smarterbuyers Store Limited Respective responsibilities of an examiner The trustees, who are also the directors of the The Smartert)uys Store Limited for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011. the Charities Act, and that an Independent examination Is needed. The charity5 gross irhcome exceeded £250,000 and l am qualifieil lo undertake the examinab.on being a Qualified Accourtsnl. Having sats'slied myself that the chanty is not subject to audit under company law and is eligible for independent examination. r( is my responsibility to.. lil examine the accounts under seth.on 145 ofthe chanb.es Actr. lill to follow thé pr¢xèdure$ laid down in the genèral Dife¢tson$ given by the Charity Commission under section 145151 Ibl of the Charities Act., and liiil to state whether particular matters have come to my attention. 8asls of Sndèp8nd•nt 8xamln•rfs report My examination was carried out in a¢￿T￿ants the general DirectN$ given by the Charity Commission. An examinali¢)n indudes a review of the ac¢ountsng records kept by the ¢harity and a comparison of the accounts presented with those record$. It also indudes considerstion of the unusual items or disclosures in the accounts, and seeking. explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the arLounls present a ,￿ut and fair view, and the report 18 limrted to Iho8e matters sel out in the Ststement below. Independont examSnfrrfs statement In ¢onnéction my examination. no matter ha$ com& lo my attenbon-. lal which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and lill to prepare accounts which accord wrth the accounb.ng records. comply the accounting requirements of 396 of the Companies Act 20￿ and wth the melhoJ$ an¢J prin¢iples ol the Statement ol Recommended Pracb'ce.. Accounting and Re￿Ing by Chanties,. Ibl to which. in my opinion. attentson should be drawn in order to enable a proper understanding ol the accounts to ￿ reached. Qualified Accountant Shaun Jubb ACA for and on behalf of Hurren & Jubb Accountsnts Limited Unit 2-4 Protection House Albion Road North Shields Tyne & Wear NE30 2RH 4 June 2024 Tick Finance Ltd Proflt and Logs Account for the year ended 31 October 2023 2023 2022 Incoming resourc•s from generdted fvnds 567 176,560 Costs of generab'ng fund5 {33.5531 1166.5291 Nèt Incomlng r•sourc•s avallab {32,9861 10,031 Govemance costs other operabng income {108,3161 106.635 1279,6271 87.536 N•t In¢om¢ for th• y••r 34,667 182,060 Oct 25, 2024 Grahame McGirr (Oct 25, 2024 13:25 GMT+1) Tlck Flnance Ltd Statement of Changes in Equity forthe year ended 31 October 2023 Share Share Re capital premium valuation reserve Profit and loss account Total At 1 Jun8 2021 206,005 2[￿,005 Loss for the period 1182,0601 1182,0601 At 31 O¢tob•r 2022 23,945 23,945 At 1 NoV•M￿r 2022 23.945 23.945 Lo8$ for the finanaal yoar 134,6671 134,6671 At 31 Octobor 2023 10,722 10,722 Tick Finance Ltd Notes to the Accounts for the year ended 31 October 2023 1 Accounting policies Basis of preparalion The ac￿untS have been prepared under the historical c05t o)nverth'on and in accordance with FRS 102, Thè Financial Reporbng Stsndard applicable in Ihè UK and Rèpublic of Ireland las applied to small entities by seclj'on 1A of the standard). Tumover Tumover is measured at the fair value of the consideration received or receivable, nel of diseounls and value added taxès. Tuinover indudes revenue eafned from the sale of goods and from the rendering of services. Tumover from the sale of goods is recognised when the significant risks and rewards of ownership of Ihe goods have Iransferre(I lo the buyer. Tumover from the rendering of services is recognised by rele￿nce lo the stage of completion of the C4)nlracl. The stage of completion ol a contract is measured by comparing the costs incurred for work perfomed lo dale to the lolal eslimaled contract costs. Debtors Short term dgblors are measurgd al Iransacbon price I￿1¢h is usually the invoicg pricg1.lgss any impairment losses for bad and doubtful debts. Loans and other financial assels a￿ initially recogniseil al transaction price Including any transaction ￿$1$ and subsequendy measured al amortised cost determined using the effective interest method, less any impairrnent losses for bad and doubttul debts. Credhors Short lerni iyedilors are measured at transaction pri¢e is usually the invoice pricel. Loans and other financial liabilities are initially recognised at transaclion price net of any transaction costs arKI subsequenlty measured al amortJ"$8(J cosl (letemined using the effective interest method. 2 Employw• 2023 Numbèr 2022 Number Average number of persons employed by ihe company 3 Dobtor8 2023 2022 Trade debtors Other debtors 624,438 17.805 642,243 35,410 35,410 4 Crèdltor8: amounts falllny du• wlthln onè yèar 2023 2022 Bank loans and overdrafts Taxation and soaal security costs Other creditor5 6.360 2,857 592.923 602.140 60.834 60,834 Tick Finance Ltd Notes to the Accounts for the year ended 31 October 2023 S Creditors: amounts falling due after one year 2023 2022 Bank108ns Other creditors 37.973 22,384 60,357 6 Controlllng party Company is under the ojntrol ofthe direCt￿S. 7 Other Informatlon Tick Finance Lld is a charty limited by guarantee and incorporaled in England. Its registered office is.. Baird House City Wesl Business Pi Scotswood Road Newcastle upon Tyne NE4 70F 10 Tick Finance Ltd Detalled profit and loss account for the year ended 31 October 2023 This schedule does not fom7 part of the statutory accounts 2023 2022 Sales 567 176,560 Cost of sales 133.553) 1166.5291 Gross Ilossllprofft 132.986} 10.031 Governance costs Other operating income 1108.3161 106.635 1279.6271 87.536 0￿ratIng lo 134,667} I182,￿0) Lo88 b￿ar8 tax 34.667 182,C60 Tick Finance Ltd Detalled profit and loss account for the year ended 31 October 2023 This schedule does not fom7 part of the statutory accounts 2023 2022 Salas Sales 567 176,560 Cost of sales Purchases Other dirèct ¢osts 1.065 32.488 33.553 138.866 27.861 166.529 Admlnlstratlvè 0X￿n$#$ Employee costs.. Core staff costs Admin expenses Bad debts Franchisee interest Loan interest 29.985 12.850 144,178 37.145 45.153 10,118 2,058 238,650 42,835 Premises costs.. Rent 2.250 2.250 3.542 3.542 General adminislralive •xpenses'. Subscriptions Bank charges Insurance 1.186 2,514 14.062 16.576 3.559 5.587 Legal and professional costs.. Accountancy leés Consultancy fees Advertising and PR Other legal and professional 4.449 46,608 17.297 3,562 6.587 57.644 20.859 108.316 279.627 Oth•r op•ratlng Ineomo Other operating income 106,635 87,536 12 ## Tick Finance Ltd 2023 Accounts Final Audit Report 2024-10-25 Created: 2024-10-22 By: Hurren and Jubb Accountants Limited (admin@hj-accountants.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAvTs_3qv644DupSae1j9Eot_k8t-RTpNe ## "Tick Finance Ltd 2023 Accounts" History Document created by Hurren and Jubb Accountants Limited (admin@hj-accountants.co.uk) 2024-10-22 - 14:03:07 GMT Document emailed to Chris Imrie (chris@belmondclaims.com) for signature 2024-10-22 - 14:04:08 GMT Email viewed by Chris Imrie (chris@belmondclaims.com) 2024-10-23 - 17:53:53 GMT Email viewed by Chris Imrie (chris@belmondclaims.com) 2024-10-25 - 12:23:22 GMT Signer Chris Imrie (chris@belmondclaims.com) entered name at signing as Grahame McGirr 2024-10-25 - 12:25:07 GMT Document e-signed by Grahame McGirr (chris@belmondclaims.com) Signature Date: 2024-10-25 - 12:25:09 GMT - Time Source: server Agreement completed. 2024-10-25 - 12:25:09 GMT