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Company Registration No. 11797771 (England and Wales)
Tinge Group Ltd Unaudited accounts for the year ended 31 January 2024
Tinge Group Ltd Unaudited accounts Contents
Page
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Tinge Group Ltd Company Information for the year ended 31 January 2024
Director
Mr Mitaire Okumagba
Company Number
11797771 (England and Wales)
Registered Office
105 Brimsdown Avenue Enfield EN3 5EP United Kingdom
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Tinge Group Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,470 
19,533 
Current assets
Debtors
888 
- 
Investments
14,765 
14,765 
Cash at bank and in hand
(8)
61 
15,645 
14,826 
Creditors: amounts falling due within one year
(71,401)
(47,973)
Net current liabilities
(55,756)
(33,147)
Total assets less current liabilities
(47,286)
(13,614)
Creditors: amounts falling due after more than one year
(30,366)
(40,366)
Provisions for liabilities
Deferred tax
- 
(3,711)
Net liabilities
(77,652)
(57,691)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(77,653)
(57,692)
Shareholders' funds
(77,652)
(57,691)
For the year ending 31 January 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 30 October 2024 and were signed on its behalf by
Mr Mitaire Okumagba Director Company Registration No. 11797771
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Tinge Group Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Tinge Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11797771. The registered office is 105 Brimsdown Avenue, Enfield, EN3 5EP, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The company's financial statements are prepared on a going concern basis on the grounds that current and future sources of funding or support from the director will be continued to be received.
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%
Fixtures & fittings
25%
Turnover
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.
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Tinge Group Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
28,954 
15,300 
44,254 
Disposals
(460)
- 
(460)
At 31 January 2024
28,494 
15,300 
43,794 
Depreciation
At 1 February 2023
17,571 
7,150 
24,721 
Charge for the year
6,778 
3,825 
10,603 
At 31 January 2024
24,349 
10,975 
35,324 
Net book value
At 31 January 2024
4,145 
4,325 
8,470 
At 31 January 2023
11,383 
8,150 
19,533 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
888 
- 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
14,765 
14,765 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,322 
1,996 
Other creditors
1,100 
1,098 
Loans from directors
68,431 
44,289 
Accruals
548 
590 
71,401 
47,973 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,366 
40,366 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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