1 March 2022 false No description of principal activity Taxfiler 2023.9 NI602264 business:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI602264 2022-02-28 NI602264 2022-03-01 2023-02-28 NI602264 business:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI602264 business:FilletedAccounts 2022-03-01 2023-02-28 NI602264 2023-02-28 NI602264 business:Director1 2022-03-01 2023-02-28 NI602264 business:RegisteredOffice 2022-03-01 2023-02-28 NI602264 2022-02-28 NI602264 core:WithinOneYear 2023-02-28 NI602264 core:WithinOneYear 2022-02-28 NI602264 core:AfterOneYear 2023-02-28 NI602264 core:AfterOneYear 2022-02-28 NI602264 core:ShareCapital core:PreviouslyStatedAmount 2023-02-28 NI602264 core:ShareCapital core:PreviouslyStatedAmount 2022-02-28 NI602264 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-02-28 NI602264 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2022-02-28 NI602264 core:PreviouslyStatedAmount 2023-02-28 NI602264 core:PreviouslyStatedAmount 2022-02-28 NI602264 business:SmallEntities 2022-03-01 2023-02-28 NI602264 countries:NorthernIreland 2022-03-01 2023-02-28 NI602264 core:PlantMachinery 2022-03-01 2023-02-28 NI602264 core:FurnitureFittings 2022-02-28 NI602264 core:FurnitureFittings 2023-02-28 NI602264 core:FurnitureFittings 2022-03-01 2023-02-28 NI602264 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI602264 (Northern Ireland)
TIG 006 Limited Unaudited accounts for the year ended 28 February 2023
TIG 006 Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TIG 006 Limited Company Information for the year ended 28 February 2023
Director
Paul Campbell
Company Number
NI602264 (Northern Ireland)
Registered Office
47 Castle Road Cookstown Co Tyrone BT80 8TN
Accountants
Beech Accounting Ltd 185 Magheralane Road Randalstown Antrim BT41 2PH
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TIG 006 Limited Statement of financial position as at 28 February 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
24,558
32,744
Current assets
Inventories
206,157
216,370
Debtors
5
15,907
12,177
Cash at bank and in hand
101,970
145,298
324,034
373,845
Creditors: amounts falling due within one year
6
(5,501)
(11,703)
Net current assets
318,533
362,142
Total assets less current liabilities
343,091
394,886
Creditors: amounts falling due after more than one year
7
(48,011)
(64,427)
Net assets
295,080
330,459
Capital and reserves
Called up share capital
1
1
Profit and loss account
295,079
330,458
Shareholders' funds
295,080
330,459
For the year ending 28 February 2023 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 31 May 2023 and were signed on its behalf by
Paul Campbell Director Company Registration No. NI602264
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TIG 006 Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
TIG 006 Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI602264. The registered office is 47 Castle Road, Cookstown, Co Tyrone, BT80 8TN.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2022
106,227
At 28 February 2023
106,227
Depreciation
At 1 March 2022
73,483
Charge for the year
8,186
At 28 February 2023
81,669
Net book value
At 28 February 2023
24,558
At 28 February 2022
32,744
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TIG 006 Limited Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
2,522
2,522
Other debtors
9,655
9,655
12,177
12,177
Amounts falling due after more than one year
Trade debtors
3,730
-
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,102
-
Trade creditors
1,890
5,172
Amounts owed to group undertakings and other participating interests
520
520
Taxes and social security
(6,011)
6,011
5,501
11,703
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
23,414
41,618
Taxes and social security
23,607
21,819
Accruals
990
990
48,011
64,427
8
Average number of employees
During the year the average number of employees was 11 (2022: 11).
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