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REGISTERED NUMBER: SC388804 (Scotland)















Financial Statements

for the Year Ended 30 November 2023

for

Tag Controls Ltd

Tag Controls Ltd (Registered number: SC388804)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tag Controls Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: T Gallagher





REGISTERED OFFICE: 21 Overlee Road
Clarkston
Glasgow
G76 8BY





REGISTERED NUMBER: SC388804 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Tag Controls Ltd (Registered number: SC388804)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,694 3,690

CURRENT ASSETS
Stocks 5 1,813 1,918
Debtors 6 1,686 2,110
Cash at bank and in hand 10,176 12,124
13,675 16,152
CREDITORS
Amounts falling due within one year 7 15,700 18,462
NET CURRENT LIABILITIES (2,025 ) (2,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

669

1,380

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 668 1,379
SHAREHOLDERS' FUNDS 669 1,380

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

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

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 August 2024 and were signed by:




T Gallagher - Director


Tag Controls Ltd (Registered number: SC388804)

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

1. STATUTORY INFORMATION

Tag Controls Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 20% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 5,100 9,295 1,081 15,476
Additions - 900 - 900
Disposals - (9,295 ) - (9,295 )
At 30 November 2023 5,100 900 1,081 7,081
DEPRECIATION
At 1 December 2022 3,036 7,715 1,035 11,786
Charge for year 309 395 7 711
Eliminated on disposal - (8,110 ) - (8,110 )
At 30 November 2023 3,345 - 1,042 4,387
NET BOOK VALUE
At 30 November 2023 1,755 900 39 2,694
At 30 November 2022 2,064 1,580 46 3,690

Tag Controls Ltd (Registered number: SC388804)

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

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 1,813 1,918

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,686 2,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1 -
Tax 12,062 10,192
VAT 1,987 3,882
Directors' current accounts - 2,888
Accrued expenses 1,650 1,500
15,700 18,462

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary shares 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 December 2022 1,379
Profit for the year 8,970
Dividends (9,681 )
At 30 November 2023 668