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REGISTERED NUMBER: SC549317 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

TGC Facilities Management Ltd

TGC Facilities Management Ltd (Registered number: SC549317)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TGC Facilities Management Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C D Moncur
Mr A J Alleway





REGISTERED OFFICE: Norsea Group House
Crawpeel Road
Altens
Aberdeen
AB12 3LG





REGISTERED NUMBER: SC549317 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

TGC Facilities Management Ltd (Registered number: SC549317)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,637 51,335

CURRENT ASSETS
Debtors 5 1,070,295 1,128,059
Cash at bank 235,336 392,276
1,305,631 1,520,335
CREDITORS
Amounts falling due within one year 6 966,328 1,178,510
NET CURRENT ASSETS 339,303 341,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,940

393,160

CREDITORS
Amounts falling due after more than one
year

7

(47,373

)

(93,184

)

PROVISIONS FOR LIABILITIES (11,465 ) (4,049 )
NET ASSETS 319,102 295,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 319,002 295,827
SHAREHOLDERS' FUNDS 319,102 295,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TGC Facilities Management Ltd (Registered number: SC549317)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr C D Moncur - Director


TGC Facilities Management Ltd (Registered number: SC549317)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TGC Facilities Management 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

TGC Facilities Management Ltd (Registered number: SC549317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 44,261 745 34,445 16,997 96,448
Additions 782 - - 2,384 3,166
At 31 December 2023 45,043 745 34,445 19,381 99,614
DEPRECIATION
At 1 January 2023 15,703 149 15,297 13,964 45,113
Charge for year 5,868 119 6,889 2,988 15,864
At 31 December 2023 21,571 268 22,186 16,952 60,977
NET BOOK VALUE
At 31 December 2023 23,472 477 12,259 2,429 38,637
At 31 December 2022 28,558 596 19,148 3,033 51,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 535,811 654,826
Other debtors 534,484 473,233
1,070,295 1,128,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 37,500 57,653
Hire purchase contracts 5,447 8,196
Trade creditors 783,898 914,670
Taxation and social security 120,455 176,574
Other creditors 19,028 21,417
966,328 1,178,510

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 44,011 84,375
Hire purchase contracts 3,362 8,809
47,373 93,184

TGC Facilities Management Ltd (Registered number: SC549317)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 1year 44,011 84,375

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr C D Moncur
Balance outstanding at start of year 134,802 127,208
Amounts advanced 3,097 7,594
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 137,899 134,802

Mr A J Alleway
Balance outstanding at start of year 131,474 123,945
Amounts advanced 2,912 7,529
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,386 131,474

9. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £194,374 (2022 - £132,720) to Tidy Green Clean Limited.

Included in other debtors is a loan due from TGC Bin Cleaning Ltd of £25,467 (2022 - £25,467), a company that Mr A Alleway & Mr D Moncur are directors.

Included in other debtors is a loan due from Orangutan Technology Ltd of £250 (2022 - £250), a company that Mr A Alleway & Mr D Moncur are directors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Tidy Green Clean Ltd.