Company Registration No. 11299266 (England and Wales)
TGM UTILITIES LTD
Unaudited accounts
for the year ended 30 April 2024
TGM UTILITIES LTD
Unaudited accounts
Contents
TGM UTILITIES LTD
Company Information
for the year ended 30 April 2024
Director
MARCO GABRIEL TOCACI
Company Number
11299266 (England and Wales)
Registered Office
43 COLEDALE DRIVE
STANMORE
HA7 2QE
ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD
58
STROUD CREDCENT
LONDON
UK
SW15 3EJ
TGM UTILITIES LTD
Statement of financial position
as at 30 April 2024
Tangible assets
492,461
285,106
Cash at bank and in hand
59,262
201,084
Creditors: amounts falling due within one year
(306,271)
(307,189)
Net current assets
580,726
454,308
Total assets less current liabilities
1,073,187
739,414
Creditors: amounts falling due after more than one year
(566,033)
(357,828)
Net assets
507,154
381,586
Profit and loss account
507,154
381,586
Shareholders' funds
507,154
381,586
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 31 January 2025 and were signed on its behalf by
MARCO GABRIEL TOCACI
Director
Company Registration No. 11299266
TGM UTILITIES LTD
Notes to the Accounts
for the year ended 30 April 2024
TGM UTILITIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11299266. The registered office is 43 COLEDALE DRIVE, STANMORE, HA7 2QE, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
TGM UTILITIES LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
57,435
304,970
362,405
Additions
-
308,079
308,079
At 30 April 2024
57,435
613,049
670,484
At 1 May 2023
9,568
67,731
77,299
Charge for the year
11,228
89,496
100,724
At 30 April 2024
20,796
157,227
178,023
At 30 April 2024
36,639
455,822
492,461
At 30 April 2023
47,867
237,239
285,106
Amounts falling due within one year
Trade debtors
482,256
295,766
Other debtors
328,819
237,391
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
292,171
307,189
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
473,331
301,430
Taxes and social security
72,424
56,398
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).