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REGISTERED NUMBER: 07452615 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Tugan Limited

Tugan Limited (Registered number: 07452615)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tugan Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Miss A Narkis
Miss A Kronenberg





SECRETARY:





REGISTERED OFFICE: 5 Windermere Avenue
London
NW6 6LP





REGISTERED NUMBER: 07452615 (England and Wales)





ACCOUNTANTS: Cohen & Co. Accountants
DATASOFT ACCOUNTING SERVICES LTD
129 STATION ROAD
London
NW4 4NJ

Tugan Limited (Registered number: 07452615)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,564 7,820
Investments 5 857 857
8,421 8,677

CURRENT ASSETS
Stocks 1,200 1,200
Debtors 6 10,842 10,206
Cash at bank and in hand 5,903 5,585
17,945 16,991
CREDITORS
Amounts falling due within one year 7 11,484 12,442
NET CURRENT ASSETS 6,461 4,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,882

13,226

CREDITORS
Amounts falling due after more than one
year

8

(147,280

)

(131,380

)

ACCRUALS AND DEFERRED INCOME (1,270 ) (1,331 )
NET LIABILITIES (133,668 ) (119,485 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (133,671 ) (119,488 )
SHAREHOLDERS' FUNDS (133,668 ) (119,485 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Tugan Limited (Registered number: 07452615)

Balance Sheet - continued
30 November 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 28 November 2024 and were signed on its behalf by:





Miss A Narkis - Director


Tugan Limited (Registered number: 07452615)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Tugan 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 8 (2022 - 8 ) .

Tugan Limited (Registered number: 07452615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 42,693
Additions 1,635
At 30 November 2023 44,328
DEPRECIATION
At 1 December 2022 34,873
Charge for year 1,891
At 30 November 2023 36,764
NET BOOK VALUE
At 30 November 2023 7,564
At 30 November 2022 7,820

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.11.23 30.11.22
£    £   
Deposits 857 857

6. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Other debtors 7,819 7,819

Amounts falling due after more than one year:
Trade debtors 3,023 2,387

Aggregate amounts 10,842 10,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 1,528 2,268
Taxation and social security 6,796 5,612
Other creditors 3,160 4,562
11,484 12,442

Tugan Limited (Registered number: 07452615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 147,280 131,380