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REGISTERED NUMBER: 11923183 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tag Retail Limited

Tag Retail Limited (Registered number: 11923183)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tag Retail Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T C Dant
Mrs G R Marsh





REGISTERED OFFICE: Bilsby Filling Station
Alford Road
Bilsby
Alford
Lincolnshire
LN13 9PY





REGISTERED NUMBER: 11923183 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Tag Retail Limited (Registered number: 11923183)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,077 53,077
Tangible assets 5 248,429 315,497
293,506 368,574

CURRENT ASSETS
Stocks 264,637 336,089
Debtors 88,177 59,405
Cash at bank and in hand 75,262 37,077
428,076 432,571
CREDITORS
Amounts falling due within one year 1,604,909 1,323,458
NET CURRENT LIABILITIES (1,176,833 ) (890,887 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(883,327

)

(522,313

)

CREDITORS
Amounts falling due after more than one
year

132,116

168,836
NET LIABILITIES (1,015,443 ) (691,149 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,015,543 ) (691,249 )
(1,015,443 ) (691,149 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Tag Retail Limited (Registered number: 11923183)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mrs G R Marsh - Director


Tag Retail Limited (Registered number: 11923183)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Tag Retail Limited is a private company, limited by shares , registered in England and Wales. 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 on a going concern basis as Gill Marsh Forecourts Limited, a company under common control, has indicated it intends to support the company for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on cost
Plant and machinery etc - 20% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 34 (2023 - 34 ) .

Tag Retail Limited (Registered number: 11923183)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023 26,923
Amortisation for year 8,000
At 31 March 2024 34,923
NET BOOK VALUE

At 31 March 2024 45,077
At 31 March 2023 53,077

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 504,464
Additions 6,539
At 31 March 2024 511,003
DEPRECIATION
At 1 April 2023 188,967
Charge for year 73,607
At 31 March 2024 262,574
NET BOOK VALUE
At 31 March 2024 248,429
At 31 March 2023 315,497