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Registered number: 13870026
TGA Alliance Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13870026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,817 -
1,817 -
CURRENT ASSETS
Stocks 5 19,505 64,776
Debtors 6 19,779 26,007
Cash at bank and in hand 16,430 29,876
55,714 120,659
Creditors: Amounts Falling Due Within One Year 7 (35,781 ) (54,166 )
NET CURRENT ASSETS (LIABILITIES) 19,933 66,493
TOTAL ASSETS LESS CURRENT LIABILITIES 21,750 66,493
Creditors: Amounts Falling Due After More Than One Year 8 (118,007 ) (122,855 )
NET LIABILITIES (96,257 ) (56,362 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (96,357 ) (56,462 )
SHAREHOLDERS' FUNDS (96,257) (56,362)
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Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kevin Turner
Director
28th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
TGA Alliance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13870026 . The registered office is 2 Station Road, Brundall, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The accounts have been prepared on a going concern basis which may not be appropriate as at the Balance Sheet date the liabilities exceeded the assets by £96,257 (£56,362 2023). The company meets it's day to day working capital requirements through a loan provided by a shareholder, who is also a director. In light of this ongoing support the Director believes that it is appropriate to prepare the accounts on a going concern basis which assumes that the company will continue in operational existence for the forseeable future.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 - - -
Additions 892 1,530 2,422
As at 31 January 2024 892 1,530 2,422
Depreciation
As at 1 February 2023 - - -
Provided during the period 223 382 605
As at 31 January 2024 223 382 605
Net Book Value
As at 31 January 2024 669 1,148 1,817
As at 1 February 2023 - - -
5. Stocks
2024 2023
£ £
Materials 2,000 2,000
Work in progress 17,505 62,776
19,505 64,776
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,539 25,668
Prepayments and accrued income 240 339
19,779 26,007
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,781 54,166
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 111,255 116,103
Directors loan account 6,752 6,752
118,007 122,855
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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