1 December 2022 false No description of principal activity Taxfiler 2024.5 03197636business:PrivateLimitedCompanyLtd2022-12-012023-11-30 031976362022-11-30 031976362022-12-012023-11-30 03197636business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 03197636business:FilletedAccounts2022-12-012023-11-30 031976362023-11-30 03197636business:Director12022-12-012023-11-30 03197636business:Director22022-12-012023-11-30 03197636business:Director32022-12-012023-11-30 03197636business:RegisteredOffice2022-12-012023-11-30 031976362022-11-30 03197636core:WithinOneYear2023-11-30 03197636core:WithinOneYear2022-11-30 03197636core:AfterOneYear2023-11-30 03197636core:AfterOneYear2022-11-30 03197636core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 03197636core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 03197636core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 03197636core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 03197636core:PreviouslyStatedAmount2023-11-30 03197636core:PreviouslyStatedAmount2022-11-30 03197636business:SmallEntities2022-12-012023-11-30 03197636countries:EnglandWales2022-12-012023-11-30 03197636core:PlantMachinery2022-12-012023-11-30 03197636core:MotorVehicles2022-12-012023-11-30 03197636core:PlantMachinery2022-11-30 03197636core:MotorVehicles2022-11-30 03197636core:PlantMachinery2023-11-30 03197636core:MotorVehicles2023-11-30 031976362021-12-012022-11-30 iso4217:GBP xbrli:pure
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
Page
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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
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Tag Construction Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
108,258 
74,726 
Current assets
Inventories
1,021,630 
1,088,689 
Debtors
926,811 
293,897 
Cash at bank and in hand
326,101 
159,448 
2,274,542 
1,542,034 
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 
Capital and reserves
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
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Tag Construction Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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% 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 
Additions
- 
76,433 
76,433 
Disposals
- 
(34,119)
(34,119)
At 30 November 2023
184,390 
328,813 
513,203 
Depreciation
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 
Net book value
At 30 November 2023
15,964 
92,294 
108,258 
At 30 November 2022
21,284 
53,442 
74,726 
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Tag Construction Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
798,151 
272,311 
Other debtors
128,660 
21,586 
926,811 
293,897 
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 
Other creditors
4,901 
- 
Accruals
140,318 
23,138 
1,467,941 
1,184,065 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,661 
26,128 
Obligations under finance leases and hire purchase contracts
47,520 
1,984 
63,181 
28,112 
8
Average number of employees
During the year the average number of employees was 106 (2022: 57).
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