Company Registration No. 03197636 (England and Wales)
Tag Construction Limited
Unaudited accounts
for the year ended 30 November 2023
Tag Construction Limited
Unaudited accounts
Contents
Tag Construction Limited
Company Information
for the year ended 30 November 2023
Directors
Mr Jaswinder Singh Rana
Mrs Paramjit Kaur Rana
Mr Taran Singh Rana
Company Number
03197636 (England and Wales)
Registered Office
55 BATH STREET
GRAVESEND
KENT
DA11 0DF
Tag Construction Limited
Statement of financial position
as at 30 November 2023
Tangible assets
108,258
74,726
Inventories
1,021,630
1,088,689
Cash at bank and in hand
326,101
159,448
Creditors: amounts falling due within one year
(1,467,941)
(1,184,065)
Net current assets
806,601
357,969
Total assets less current liabilities
914,859
432,695
Creditors: amounts falling due after more than one year
(63,181)
(28,112)
Net assets
851,678
404,583
Called up share capital
100
100
Profit and loss account
851,578
404,483
Shareholders' funds
851,678
404,583
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
Mr Jaswinder Singh Rana
Director
Company Registration No. 03197636
Tag Construction Limited
Notes to the Accounts
for the year ended 30 November 2023
Tag Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 03197636. The registered office is 55 BATH STREET, GRAVESEND, KENT, DA11 0DF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
184,390
286,499
470,889
Disposals
-
(34,119)
(34,119)
At 30 November 2023
184,390
328,813
513,203
At 1 December 2022
163,106
233,057
396,163
Charge for the year
5,320
30,765
36,085
On disposals
-
(27,303)
(27,303)
At 30 November 2023
168,426
236,519
404,945
At 30 November 2023
15,964
92,294
108,258
At 30 November 2022
21,284
53,442
74,726
Tag Construction Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
798,151
272,311
Other debtors
128,660
21,586
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,119
9,527
Obligations under finance leases and hire purchase contracts
20,286
11,477
Trade creditors
234,474
135,472
Taxes and social security
1,057,843
1,004,451
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
47,520
1,984
8
Average number of employees
During the year the average number of employees was 106 (2022: 57).