TGN PROJECT SERVICES LTD

Company Registration Number:
12539010 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

TGN PROJECT SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

TGN PROJECT SERVICES LTD

Company Information

for the Period Ended 31 March 2024




Director: Timothy Beech
Registered office: 5
Ainsdale Drive
Priorslee
Telford
England
TF2 9QJ
Company Registration Number: 12539010 (England and Wales)

TGN PROJECT SERVICES LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Timothy Beech

This report was approved by the board of directors on 31 May 2024
And Signed On Behalf Of The Board By:

Name: Timothy Beech
Status: Director

TGN PROJECT SERVICES LTD

Profit and Loss Account

for the Period Ended 31 March 2024


Notes

2024
£

2023
£
Turnover 93,076 88,668
Cost of sales ( 24,285 ) ( 31,719 )
Gross Profit or (Loss) 68,791 56,949
Income from coronavirus (COVID-19) business support grants - 0
Administrative Expenses ( 43,636 ) ( 24,719 )
Operating Profit or (Loss) 25,155 32,230
Interest Receivable and Similar Income 15 20
Interest Payable and Similar Charges ( 201 ) ( 19 )
Profit or (Loss) Before Tax 24,969 32,231
Tax on Profit ( 4,502 ) ( 2,266 )
Profit or (Loss) for Period 20,467 29,965

The notes form part of these financial statements

TGN PROJECT SERVICES LTD

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 312 395
Tangible assets: 6 17,502 14,824
Total fixed assets: 17,814 15,219
Current assets
Stocks: 0 0
Debtors: 7 3,801 13,427
Cash at bank and in hand: 3,342 10,874
Total current assets: 7,143 24,301
Prepayments and accrued income: 902 5,418
Creditors: amounts falling due within one year: 8 ( 667 ) ( 8,679 )
Net current assets (liabilities): 7,378 21,040
Total assets less current liabilities: 25,192 36,259
Creditors: amounts falling due after more than one year: 9 ( 0 ) ( 5,200 )
Provision for liabilities: ( 8,523 ) ( 16,369 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): 16,669 14,690

The notes form part of these financial statements

TGN PROJECT SERVICES LTD

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 16,668 14,689
Shareholders funds: 16,669 14,690

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 May 2024
And Signed On Behalf Of The Board By:

Name: Timothy Beech
Status: Director

The notes form part of these financial statements

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 18,500 22,500

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Intangible assets

Other Total
Cost £ £
At 01 April 2023 416 416
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 March 2024 416 416
Amortisation
Amortisation at 01 April 2023 21 21
Charge for year 83 83
On disposals - -
Other adjustments - -
Amortisation at 31 March 2024 104 104
Net book value
Net book value at 31 March 2024 312 312
Net book value at 31 March 2023 395 395

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 April 2023 16,185 417 6,698 23,300
Additions 5,300 704 1,490 7,494
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2024 21,485 1,121 8,188 30,794
Depreciation
At 01 April 2023 2,575 23 5,878 8,476
Charge for year 4,012 331 473 4,816
On disposals - - - -
Other adjustments - - - -
At 31 March 2024 6,587 354 6,351 13,292
Net book value
At 31 March 2024 14,898 767 1,837 17,502
At 31 March 2023 13,610 394 820 14,824

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Debtors


2024
£

2023
£
Trade debtors 3,801 13,427
Prepayments and accrued income 0 0
Other debtors 0
Total 3,801 13,427

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 607
Trade creditors 60 8,679
Total 667 8,679

TGN PROJECT SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

9.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 0 5,200
Total 0 5,200