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REGISTERED NUMBER: NI624580 (Northern Ireland)















TG DEVELOPERS LTD

Unaudited Financial Statements for the Year Ended 31 May 2024






TG DEVELOPERS LTD (REGISTERED NUMBER: NI624580)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TG DEVELOPERS LTD

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Shauna Jordan
Paul Jordan
Dwyer Jordan





REGISTERED OFFICE: 4 Stiloga Road
Dungannon
Co. Tyrone
BT71 7DW





REGISTERED NUMBER: NI624580 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

TG DEVELOPERS LTD (REGISTERED NUMBER: NI624580)

Statement of Financial Position
31 MAY 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 130,444 86,242

CURRENT ASSETS
Inventories 6 854,208 858,558
Receivables: amounts falling due within
one year

7

252,363

250,449
Cash at bank 251,263 279,068
1,357,834 1,388,075
PAYABLES
Amounts falling due within one year 8 (416,093 ) (922,068 )
NET CURRENT ASSETS 941,741 466,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,072,185

552,249

CAPITAL AND RESERVES
Called up share capital 9 550,012 10
Retained earnings 522,173 552,239
SHAREHOLDERS' FUNDS 1,072,185 552,249

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 29 January 2025 and were signed on its behalf by:




Shauna Jordan - Director Dwyer Jordan - Director




Paul Jordan - Director


TG DEVELOPERS LTD (REGISTERED NUMBER: NI624580)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

TG Developers Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery- 20% Straight Line
Fixtures and fittings- 25% Straight Line

The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

TG DEVELOPERS LTD (REGISTERED NUMBER: NI624580)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 June 2023 235,337 6,107 241,444
Additions 90,128 575 90,703
Disposals (34,500 ) - (34,500 )
At 31 May 2024 290,965 6,682 297,647
DEPRECIATION
At 1 June 2023 151,775 3,427 155,202
Charge for year 45,332 1,169 46,501
Eliminated on disposal (34,500 ) - (34,500 )
At 31 May 2024 162,607 4,596 167,203
NET BOOK VALUE
At 31 May 2024 128,358 2,086 130,444
At 31 May 2023 83,562 2,680 86,242

6. INVENTORIES
2024 2023
£ £
Inventories 381,208 446,558
Work-in-progress 473,000 412,000
854,208 858,558

7. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade receivables 236,300 234,300
Other receivables 16,063 16,149
252,363 250,449

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade payables 39,692 38,161
Taxation and social security 27,019 19,533
Other payables 349,382 864,374
416,093 922,068

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary 1 10 10
550,002 Redeemable Preference Shares 1 550,002 -
550,012 10

TG DEVELOPERS LTD (REGISTERED NUMBER: NI624580)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £347,424 (2023 - 862,417) was due to the Directors in respect of monies advanced to the company.