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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
Page
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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
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TGM UTILITIES LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
492,461 
285,106 
Current assets
Debtors
827,735 
560,413 
Cash at bank and in hand
59,262 
201,084 
886,997 
761,497 
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 
Capital and reserves
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
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TGM UTILITIES LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
Turnover
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:
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 30 April 2024
36,639 
455,822 
492,461 
At 30 April 2023
47,867 
237,239 
285,106 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,660 
27,256 
Trade debtors
482,256 
295,766 
Other debtors
328,819 
237,391 
827,735 
560,413 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
292,171 
307,189 
Other creditors
14,100 
- 
306,271 
307,189 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,278 
- 
Obligations under finance leases and hire purchase contracts
473,331 
301,430 
Taxes and social security
72,424 
56,398 
566,033 
357,828 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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