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REGISTERED NUMBER: 04859512 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

TKG LTD

TKG LTD (Registered number: 04859512)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TKG LTD

Company Information
for the Year Ended 31 October 2023







DIRECTORS: K Keen
I Ferguson
J Novakova





SECRETARY: I Ferguson





REGISTERED OFFICE: 75/77 Lydden Grove
London
SW18 4LY





REGISTERED NUMBER: 04859512 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG

TKG LTD (Registered number: 04859512)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118,753 181,253
Tangible assets 5 6,685 11,289
125,438 192,542

CURRENT ASSETS
Debtors 6 1,250,597 993,668
Cash at bank and in hand 35,882 22,041
1,286,479 1,015,709
CREDITORS
Amounts falling due within one year 7 4,500,552 4,313,848
NET CURRENT LIABILITIES (3,214,073 ) (3,298,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,088,635

)

(3,105,597

)

CREDITORS
Amounts falling due after more than one
year

8

275,627

444,377
NET LIABILITIES (3,364,262 ) (3,549,974 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,364,362 ) (3,550,074 )
SHAREHOLDERS' FUNDS (3,364,262 ) (3,549,974 )

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

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

TKG LTD (Registered number: 04859512)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





I Ferguson - Director


TKG LTD (Registered number: 04859512)

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

1. STATUTORY INFORMATION

TKG LTD 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 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.

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.
Plant and machinery etc - 25% on cost, 20% on cost, 15% on cost and at varying rates on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 2,390,800
AMORTISATION
At 1 November 2022 2,209,547
Charge for year 62,500
At 31 October 2023 2,272,047
NET BOOK VALUE
At 31 October 2023 118,753
At 31 October 2022 181,253

TKG LTD (Registered number: 04859512)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 1,015,989
Disposals (32,852 )
At 31 October 2023 983,137
DEPRECIATION
At 1 November 2022 1,004,700
Charge for year 4,602
Eliminated on disposal (32,850 )
At 31 October 2023 976,452
NET BOOK VALUE
At 31 October 2023 6,685
At 31 October 2022 11,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 317,233 121,850
Amounts owed by associates 429,672 364,908
Other debtors 503,692 506,910
1,250,597 993,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 16,286 19,541
Finance leases 30,479 40,639
Trade creditors 3,897,823 3,736,399
Amounts owed to associates 37,799 37,799
Taxation and social security 62,078 42,714
Other creditors 456,087 436,756
4,500,552 4,313,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 34,726 40,237
Finance leases - 30,479
Other creditors 240,901 373,661
275,627 444,377

TKG LTD (Registered number: 04859512)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,253 13,764

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank overdrafts 9,668 12,923
Bank loans 41,344 46,855
51,012 59,778

A debenture was created by the company on 9th October 2003 securing monies owed to the company's bank by way of a fixed charge over all current and future freehold and leasehold property, fixed assets, goodwill and book debts of the company, and also by a floating charge over all other undertakings and property of the company, both present and future.