Company Registration No. 13927364 (England and Wales)
TGE SYSTEMS LTD
Unaudited accounts
for the year ended 29 February 2024
TGE SYSTEMS LTD
Unaudited accounts
Contents
TGE SYSTEMS LTD
Company Information
for the year ended 29 February 2024
Company Number
13927364 (England and Wales)
Registered Office
86-90 PAUL STREET
LONDON
ENGLAND
EC2A 4NE
UNITED KINGDOM
Accountants
HD Accountancy Services
23A, Broad Lane
Moldgreen
Huddersfield
West Yorkshire
HD5 9BX
TGE SYSTEMS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
10,204
8,315
Cash at bank and in hand
20,899
19,081
Creditors: amounts falling due within one year
(22,325)
(7,189)
Net current assets
14,203
11,892
Called up share capital
1
1
Profit and loss account
24,406
20,206
Shareholders' funds
24,407
20,207
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 11 June 2024 and were signed on its behalf by
Shabeer Hussain
Director
Company Registration No. 13927364
TGE SYSTEMS LTD
Notes to the Accounts
for the year ended 29 February 2024
TGE SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 13927364. The registered office is 86-90 PAUL STREET, LONDON, ENGLAND, EC2A 4NE, 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.
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:
Fixtures & fittings
20% Reducing balance method
Computer equipment
25% Reducing balance method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
1,172
9,836
11,008
At 29 February 2024
1,521
14,691
16,212
At 1 March 2023
234
2,459
2,693
Charge for the year
257
3,058
3,315
At 29 February 2024
491
5,517
6,008
At 29 February 2024
1,030
9,174
10,204
At 28 February 2023
938
7,377
8,315
Amounts falling due within one year
TGE SYSTEMS LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
525
2,789
Loans from directors
20,000
4,400
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).