IRIS Accounts Production v23.3.1.45 10814019 director 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108140192022-06-30108140192023-06-30108140192022-07-012023-06-30108140192021-06-30108140192021-07-012022-06-30108140192022-06-3010814019ns10:Originalns15:EnglandWales2022-07-012023-06-3010814019ns14:PoundSterlingns10:Original2022-07-012023-06-3010814019ns10:Originalns10:Director12022-07-012023-06-3010814019ns10:Original2022-07-012023-06-3010814019ns10:Original2023-06-3010814019ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3010814019ns10:Originalns10:SmallEntities2022-07-012023-06-3010814019ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3010814019ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3010814019ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3010814019ns10:Originalns10:FullAccounts2022-07-012023-06-3010814019ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3010814019ns10:Originalns10:RegisteredOffice2022-07-012023-06-3010814019ns10:Original2022-06-3010814019ns10:Originalns5:CurrentFinancialInstruments2023-06-3010814019ns10:Originalns5:CurrentFinancialInstruments2022-06-3010814019ns5:ShareCapitalns10:Original2023-06-3010814019ns5:ShareCapitalns10:Original2022-06-3010814019ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3010814019ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3010814019ns10:Originalns5:PlantMachinery2022-07-012023-06-3010814019ns10:Originalns5:FurnitureFittings2022-07-012023-06-3010814019ns10:Originalns5:MotorVehicles2022-07-012023-06-3010814019ns10:Original2021-07-012022-06-3010814019ns10:Originalns5:PlantMachinery2022-06-3010814019ns10:Originalns5:FurnitureFittings2022-06-3010814019ns10:Originalns5:MotorVehicles2022-06-3010814019ns10:Original2022-06-3010814019ns10:Originalns5:PlantMachinery2023-06-3010814019ns10:Originalns5:FurnitureFittings2023-06-3010814019ns10:Originalns5:MotorVehicles2023-06-3010814019ns10:Originalns5:PlantMachinery2022-06-3010814019ns10:Originalns5:FurnitureFittings2022-06-3010814019ns10:Originalns5:MotorVehicles2022-06-3010814019ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3010814019ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3010814019ns10:Originalns5:DeferredTaxation2022-06-3010814019ns10:Originalns5:DeferredTaxation2022-07-012023-06-3010814019ns10:Originalns5:DeferredTaxation2023-06-3010814019ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 10814019 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Tailguard Sections Ltd

Tailguard Sections Ltd (Registered number: 10814019)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tailguard Sections Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: G W Jones





REGISTERED OFFICE: Dudley Central Trading Estate
Hope Street
Dudley
West Midlands
DY2 8QX





REGISTERED NUMBER: 10814019 (England and Wales)





ACCOUNTANTS: Concept Accountancy Services Ltd
1 Market Square
High Street
Cradley Heath
West Midlands
B64 5HH

Tailguard Sections Ltd (Registered number: 10814019)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,669 6,006

CURRENT ASSETS
Stocks 1,875 3,750
Debtors 5 20,902 23,510
Cash at bank and in hand 18,909 13,269
41,686 40,529
CREDITORS
Amounts falling due within one year 6 34,275 37,998
NET CURRENT ASSETS 7,411 2,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,080

8,537

PROVISIONS FOR LIABILITIES 7 1,837 517
NET ASSETS 15,243 8,020

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 15,143 7,920
SHAREHOLDERS' FUNDS 15,243 8,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Tailguard Sections Ltd (Registered number: 10814019)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 8 February 2024 and were signed by:





G W Jones - Director


Tailguard Sections Ltd (Registered number: 10814019)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Tailguard Sections Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary Amounts in these financial statements are rounded to the nearest £

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Tailguard Sections Ltd (Registered number: 10814019)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments & equity instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible 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.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 8,100 338 3,495 11,933
Additions - - 8,000 8,000
Disposals - - (3,495 ) (3,495 )
At 30 June 2023 8,100 338 8,000 16,438
DEPRECIATION
At 1 July 2022 5,250 153 524 5,927
Charge for year 1,215 51 100 1,366
Eliminated on disposal - - (524 ) (524 )
At 30 June 2023 6,465 204 100 6,769
NET BOOK VALUE
At 30 June 2023 1,635 134 7,900 9,669
At 30 June 2022 2,850 185 2,971 6,006

Tailguard Sections Ltd (Registered number: 10814019)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 20,249 23,030
Other debtors 653 480
20,902 23,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 11,097 28,858
Taxation and social security 4,554 1,670
Other creditors 18,624 7,470
34,275 37,998

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 1,837 517

Deferred
tax
£   
Balance at 1 July 2022 517
Provided during year 1,320
Balance at 30 June 2023 1,837

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G W Jones.