REGISTERED NUMBER: |
T G BAND LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
REGISTERED NUMBER: |
T G BAND LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
Page |
Balance Sheet | 1 | to | 2 |
Notes to the Financial Statements | 3 | to | 6 |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
BALANCE SHEET |
31ST MARCH 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
BALANCE SHEET - continued |
31ST MARCH 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
1. | STATUTORY INFORMATION |
T G Band Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets include expenditure on cryptocurrencies. Intangible assets acquired seperately from a business are carried initially at cost. |
No amortisation is recognised as they are considered to have an indefinite useful life. The intamgible assets are tested on an annual basis for impairment. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset operate as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value: |
Computer equipment- 25% at cost |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Foreign currencies |
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction. |
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate. |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
2. | ACCOUNTING POLICIES - continued |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
Investments |
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st November 2021 |
Disposals | ( |
) |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st October 2021 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st November 2021 |
and 31st March 2023 |
DEPRECIATION |
At 1st November 2021 |
Charge for period |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
At 31st October 2021 |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
Additions |
Revaluations |
At 31st March 2023 |
NET BOOK VALUE |
At 31st March 2023 |
Cost or valuation at 31st March 2023 is represented by: |
Other |
investments |
£ |
Valuation in 2023 | 4,007 |
Cost | 9,793 |
13,800 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2021 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by |
instalments | - | 583 |
- | 583 |
T G BAND LIMITED (REGISTERED NUMBER: 12261191) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST NOVEMBER 2021 TO 31ST MARCH 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |