T&G GLOBAL LTD

Company Registration Number:
09263464 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

T&G GLOBAL LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

T&G GLOBAL LTD

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 35,827 48,046
Total fixed assets: 35,827 48,046
Current assets
Stocks: 7,258 256,300
Debtors:     158,119
Cash at bank and in hand: 143 712
Total current assets: 7,401 415,131
Creditors: amounts falling due within one year: 5 (32,582) (42,706)
Net current assets (liabilities): (25,181) 372,425
Total assets less current liabilities: 10,646 420,471
Creditors: amounts falling due after more than one year: 6 (93,387) (380,963)
Total net assets (liabilities): (82,741) 39,508
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (82,841) 39,408
Shareholders funds: (82,741) 39,508

The notes form part of these financial statements

T&G GLOBAL LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 June 2024
and signed on behalf of the board by:

Name: Onisor Vlad Tomai
Status: Director

The notes form part of these financial statements

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery 25% per annum reducing balance basis Motor vehicles 20% per annum reducing balance basis

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 11 22

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 66,360
Disposals (2,446)
At 31 October 2023 63,914
Depreciation
At 01 November 2022 18,314
Charge for year 9,773
At 31 October 2023 28,087
Net book value
At 31 October 2023 35,827
At 31 October 2022 48,046

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2022
£
Debtors due after more than one year: 158,119

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Taxation and social security costs £32,582

T&G GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Creditors: amounts falling due after more than one year note

Bank loans 67,822 Obligations under finance lease and hire purchase contracts 21,564 Director's account 4,001