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COMPANY REGISTRATION NUMBER: 06869078
TLG Capital Investments Ltd
Filleted Unaudited Financial Statements
30 April 2024
TLG Capital Investments Ltd
Financial Statements
Year ended 30 April 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
TLG Capital Investments Ltd
Balance Sheet
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
380,213
429,211
Current assets
Debtors
6
263,868
378,013
Cash at bank and in hand
238,692
67,406
---------
---------
502,560
445,419
Creditors: amounts falling due within one year
7
522,245
484,296
---------
---------
Net current liabilities
19,685
38,877
---------
---------
Total assets less current liabilities
360,528
390,334
Provisions
Taxation including deferred tax
44,028
56,278
---------
---------
Net assets
316,500
334,056
---------
---------
TLG Capital Investments Ltd
Balance Sheet (continued)
30 April 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
315,500
333,056
---------
---------
Shareholders funds
316,500
334,056
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
Mrs Isha Latif
Director
Company registration number: 06869078
TLG Capital Investments Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 1504, Falcon Wharf, 34 Lombard Road, London, SW11 3RY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
10% straight line
Fixtures and Fittings
-
20% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 11 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2023
331,582
192,360
523,942
Additions
22,029
22,029
---------
---------
---------
At 30 April 2024
331,582
214,389
545,971
---------
---------
---------
Depreciation
At 1 May 2023
33,158
61,573
94,731
Charge for the year
33,158
37,869
71,027
---------
---------
---------
At 30 April 2024
66,316
99,442
165,758
---------
---------
---------
Carrying amount
At 30 April 2024
265,266
114,947
380,213
---------
---------
---------
At 30 April 2023
298,424
130,787
429,211
---------
---------
---------
6. Debtors
2024
2023
£
£
Trade debtors
65,068
Other debtors
198,800
378,013
---------
---------
263,868
378,013
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,379
27,173
Corporation tax
34,408
20,407
Social security and other taxes
5,771
11,307
Other creditors
469,687
425,409
---------
---------
522,245
484,296
---------
---------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
40,000
40,000
Later than 1 year and not later than 5 years
160,000
160,000
Later than 5 years
110,000
150,000
---------
---------
310,000
350,000
---------
---------
9. Directors' advances, credits and guarantees
The directors had interest free, repayable on demand loan transactions with the company during the year. At the beginning of the year they were owed by the company £378 and at the end of the year they owed the company £56,205.
10. Related party transactions
Turnover includes sales of £1,133,200 (2023: £1,219,241) to companies under common control of the close family of the directors. During the year the company was invoiced £280,845 by a company under the common control of the close family of the directors. Included in other debtors the company is owed £nil (2023: £280,845) by this company. The company has a rental lease agreement in place with a related party, a family member.