2023-01-012023-12-312023-12-31false11123145TGC COMMUNICATIONS 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TGC COMMUNICATIONS LIMITED

Registered Number
11123145
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TGC COMMUNICATIONS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Mr H Gandhi

Registered Address

24 Grasmere Avenue
Coventry
CV3 6AY

Registered Number

11123145 (England and Wales)
TGC COMMUNICATIONS LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets353,73553,885
53,73553,885
Current assets
Debtors29,592131,202
Cash at bank and on hand1,382,5451,365,116
1,412,1371,496,318
Creditors amounts falling due within one year(88,692)(225,478)
Net current assets (liabilities)1,323,4451,270,840
Total assets less current liabilities1,377,1801,324,725
Net assets1,377,1801,324,725
Capital and reserves
Called up share capital100100
Profit and loss account1,377,0801,324,625
Shareholders' funds1,377,1801,324,725
The financial statements were approved and authorised for issue by the Director on 16 September 2024, and are signed on its behalf by:
Mr H Gandhi
Director
Registered Company No. 11123145
TGC COMMUNICATIONS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year2129
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2355,759
Additions1,748
At 31 December 2357,507
Depreciation and impairment
At 01 January 231,874
Charge for year1,898
At 31 December 233,772
Net book value
At 31 December 2353,735
At 31 December 2253,885