Registered number
11233140
Tag Manchester Ltd
Filleted Accounts
31 March 2024
Tag Manchester Ltd
Registered number: 11233140
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,880 3,599
Current assets
Debtors 4 25 25
Cash at bank and in hand 1,056 2,881
1,081 2,906
Creditors: amounts falling due within one year 5 3,621 (2,774)
Net current assets 4,702 132
Total assets less current liabilities 7,582 3,731
Creditors: amounts falling due after more than one year 6 (1,925) (2,585)
Net assets 5,657 1,146
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,557 1,046
Shareholders' funds 5,657 1,146
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Marsh
Director
Approved by the board on 5 March 2025
Tag Manchester Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and Fittings
£
Cost
At 1 April 2023 6,744
At 31 March 2024 6,744
Depreciation
At 1 April 2023 3,145
Charge for the year 719
At 31 March 2024 3,864
Net book value
At 31 March 2024 2,880
At 31 March 2023 3,599
4 Debtors 2024 2023
£ £
Trade debtors 25 25
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 810 1,020
Directors loan account (5,031) 1,754
(3,621) 2,774
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,925 2,585
7 Other information
Tag Manchester Ltd is a private company limited by shares and incorporated in England. Its registered office is:
97 High Street
Lees
Oldham
OL4 4LY
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