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REGISTERED NUMBER: 08612792 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 August 2023

for

T & G Guildford Limited

T & G Guildford Limited (Registered number: 08612792)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

T & G Guildford Limited

Company Information
for the Year Ended 30 August 2023







DIRECTOR: T Avory





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 08612792 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

T & G Guildford Limited (Registered number: 08612792)

Balance Sheet
30 August 2023

30.8.23 30.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,655 13,945
Tangible assets 5 173,008 174,359
182,663 188,304

CURRENT ASSETS
Stocks 13,250 13,250
Debtors 6 373,469 339,611
Cash at bank and in hand 33,172 59,061
419,891 411,922
CREDITORS
Amounts falling due within one year 7 677,375 683,816
NET CURRENT LIABILITIES (257,484 ) (271,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(74,821

)

(83,590

)

CREDITORS
Amounts falling due after more than one
year

8

(34,907

)

(40,816

)

PROVISIONS FOR LIABILITIES 9 (42,873 ) (33,129 )
NET LIABILITIES (152,601 ) (157,535 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (152,701 ) (157,635 )
SHAREHOLDERS' FUNDS (152,601 ) (157,535 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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.

T & G Guildford Limited (Registered number: 08612792)

Balance Sheet - continued
30 August 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 28 March 2024 and were signed by:





T Avory - Director


T & G Guildford Limited (Registered number: 08612792)

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

1. STATUTORY INFORMATION

T & G Guildford Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

Franchise costs
Franchise costs are amortised over their estimated useful lives of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

T & G Guildford Limited (Registered number: 08612792)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through group funding from the parent company.

The Director considers that it is appropriate to prepare the financial statements on a going concern basis as he expects the company to be able to continue to trade within the facility made available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 August 2022
and 30 August 2023 36,518
AMORTISATION
At 31 August 2022 22,573
Charge for year 4,290
At 30 August 2023 26,863
NET BOOK VALUE
At 30 August 2023 9,655
At 30 August 2022 13,945

T & G Guildford Limited (Registered number: 08612792)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 31 August 2022 9,070 31,455 202,230 8,463 251,218
Additions 1,894 - 44,271 - 46,165
At 30 August 2023 10,964 31,455 246,501 8,463 297,383
DEPRECIATION
At 31 August 2022 2,595 4,194 62,549 7,521 76,859
Charge for year 1,795 2,726 42,662 333 47,516
At 30 August 2023 4,390 6,920 105,211 7,854 124,375
NET BOOK VALUE
At 30 August 2023 6,574 24,535 141,290 609 173,008
At 30 August 2022 6,475 27,261 139,681 942 174,359

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Trade debtors 1,723 -
Amounts owed by group undertakings 320,668 276,412
Other debtors 51,078 63,199
373,469 339,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.23 30.8.22
£    £   
Bank loans and overdrafts 6,014 6,019
Trade creditors 71,791 120,162
Amounts owed to group undertakings 4,239 9,239
Taxation and social security 112,609 79,650
Other creditors 482,722 468,746
677,375 683,816

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.23 30.8.22
£    £   
Bank loans 34,907 40,816

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,283 15,181

T & G Guildford Limited (Registered number: 08612792)

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

9. PROVISIONS FOR LIABILITIES
30.8.23 30.8.22
£    £   
Deferred tax
Accelerated capital allowances 42,873 33,129

Deferred
tax
£   
Balance at 31 August 2022 33,129
Accelerated capital allowances 9,744
Balance at 30 August 2023 42,873

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.8.23 30.8.22
value: £    £   
100 Ordinary £1 100 100

T & G Guildford Limited

Report of the Accountants to the Director of
T & G Guildford Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 August 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................