Company Registration No. 09409249 (England and Wales)
TGO Limited
Unaudited accounts
for the year ended 31 December 2023
TGO Limited
Unaudited accounts
Contents
TGO Limited
Company Information
for the year ended 31 December 2023
Directors
G J Wyatt
S Jauncey
A O Jauncey
D A Jauncey
A N Wyatt
S J Wyatt
Company Number
09409249 (England and Wales)
Registered Office
Idaho Barn
34 Wycombe Road
Prestwood, Great Missenden
Buckinghamshire
HP16 0PJ
United Kingdom
Accountants
Grass & Holm
Thornbury Cottage
Chalk Hill
Amersham
BUCKS
HP7 0LY
TGO Limited
Statement of financial position
as at 31 December 2023
Tangible assets
55,025
10,863
Investments
1,209,991
1,118,362
Cash at bank and in hand
515,707
166,000
Creditors: amounts falling due within one year
(8,211)
(8,366)
Net current assets
558,496
557,634
Net assets
1,823,512
1,686,859
Called up share capital
1,005
1,005
Profit and loss account
1,822,507
1,685,854
Shareholders' funds
1,823,512
1,686,859
For the year ending 31 December 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 27 August 2024 and were signed on its behalf by
G J Wyatt
Director
Company Registration No. 09409249
TGO Limited
Notes to the Accounts
for the year ended 31 December 2023
TGO Limited is a private company, limited by shares, registered in England and Wales, registration number 09409249. The registered office is Idaho Barn, 34 Wycombe Road, Prestwood, Great Missenden, Buckinghamshire, HP16 0PJ, United Kingdom.
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.
During the accounting period the world was impacted by a global pandemic, COVID-19. It is unclear what the long term impact on the company will be at this time, however the director does not believe this will impact on the going concern of the company.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Straight line
Investment property is revalued annually and any surplus or deficit is dealt with through the profit and loss. No depreciation is provided in respect of the investment properties.
TGO Limited
Notes to the Accounts
for the year ended 31 December 2023
Investments in shares are included at fair value.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
75,030
4,942
79,972
Additions
54,950
1,144
56,094
Disposals
(75,030)
-
(75,030)
At 31 December 2023
54,950
6,086
61,036
At 1 January 2023
65,138
3,971
69,109
Charge for the year
3,412
895
4,307
On disposals
(67,405)
-
(67,405)
At 31 December 2023
1,145
4,866
6,011
At 31 December 2023
53,805
1,220
55,025
At 31 December 2022
9,892
971
10,863
5
Investments
Other investments
Valuation at 1 January 2023
1,118,362
Fair value adjustments
28,588
Valuation at 31 December 2023
1,209,991
Amounts falling due within one year
Other debtors
51,000
240,000
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
6,291
6,446
TGO Limited
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
600 Ordinary A shares of £1 each
600
600
401 Ordinary B shares of £1 each
401
401
4 Ordinary C shares of £1 each
4
4
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).