1 March 2023 false No description of principal activity Taxfiler 2024.6 11183824business:PrivateLimitedCompanyLtd2023-03-012024-02-29 111838242023-02-28 111838242023-03-012024-02-29 11183824business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 11183824business:FilletedAccounts2023-03-012024-02-29 111838242024-02-29 11183824business:Director12023-03-012024-02-29 11183824business:Director22023-03-012024-02-29 11183824business:RegisteredOffice2023-03-012024-02-29 111838242023-02-28 11183824core:WithinOneYear2024-02-29 11183824core:WithinOneYear2023-02-28 11183824core:AfterOneYear2024-02-29 11183824core:AfterOneYear2023-02-28 11183824core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11183824core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11183824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11183824core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11183824core:PreviouslyStatedAmount2024-02-29 11183824core:PreviouslyStatedAmount2023-02-28 11183824business:SmallEntities2023-03-012024-02-29 11183824countries:EnglandWales2023-03-012024-02-29 11183824core:PlantMachinery2023-03-012024-02-29 11183824core:MotorVehicles2023-03-012024-02-29 11183824core:ComputerEquipment2023-03-012024-02-29 11183824core:PlantMachinery2023-02-28 11183824core:MotorVehicles2023-02-28 11183824core:ComputerEquipment2023-02-28 11183824core:PlantMachinery2024-02-29 11183824core:MotorVehicles2024-02-29 11183824core:ComputerEquipment2024-02-29 111838242022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11183824 (England and Wales)
T.S.G. Machinery Limited Unaudited accounts for the year ended 29 February 2024
T.S.G. Machinery Limited Unaudited accounts Contents
Page
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T.S.G. Machinery Limited Company Information for the year ended 29 February 2024
Directors
T A Gorton T S Gorton
Company Number
11183824 (England and Wales)
Registered Office
Unit 2 Intack Farm Carnforth Lancashire LA6 1HB United Kingdom
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T.S.G. Machinery Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,042 
20,735 
Current assets
Inventories
350,000 
260,000 
Debtors
191,256 
224,591 
Cash at bank and in hand
(22,005)
(15,521)
519,251 
469,070 
Creditors: amounts falling due within one year
(48,468)
(91,185)
Net current assets
470,783 
377,885 
Total assets less current liabilities
483,825 
398,620 
Creditors: amounts falling due after more than one year
(6,787)
(13,742)
Net assets
477,038 
384,878 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
476,938 
384,778 
Shareholders' funds
477,038 
384,878 
For the year ending 29 February 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 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
T A Gorton Director Company Registration No. 11183824
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T.S.G. Machinery Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
T.S.G. Machinery Limited is a private company, limited by shares, registered in England and Wales, registration number 11183824. The registered office is Unit 2 Intack Farm, Carnforth, Lancashire, LA6 1HB, 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.
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:
Plant & machinery
@ 25% RB
Motor vehicles
@ 25% RB
Computer equipment
@ 40% RB
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
15,299 
19,133 
984 
35,416 
Disposals
- 
(5,820)
- 
(5,820)
At 29 February 2024
15,299 
13,313 
984 
29,596 
Depreciation
At 1 March 2023
5,900 
8,152 
629 
14,681 
Charge for the year
2,350 
1,927 
142 
4,419 
On disposals
- 
(2,546)
- 
(2,546)
At 29 February 2024
8,250 
7,533 
771 
16,554 
Net book value
At 29 February 2024
7,049 
5,780 
213 
13,042 
At 28 February 2023
9,399 
10,981 
355 
20,735 
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T.S.G. Machinery Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
191,256 
224,591 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,056 
9,153 
VAT
41,491 
41,545 
Trade creditors
80,000 
50,000 
Taxes and social security
2,747 
6,155 
Other creditors
294 
373 
Loans from directors
(85,595)
(17,516)
Accruals
1,475 
1,475 
48,468 
91,185 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,787 
13,443 
Obligations under finance leases and hire purchase contracts
- 
299 
6,787 
13,742 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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