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REGISTERED NUMBER: 09105108 (England and Wales)






















TSG Terminal Limited

Financial Statements for the Year Ended 31 December 2024






TSG Terminal Limited (Registered number: 09105108)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TSG Terminal Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: T G W Bryan
L E Hjalmarsson



REGISTERED OFFICE: Stone House
56 North Street
Goole
East Yorkshire
DN14 5RA



REGISTERED NUMBER: 09105108 (England and Wales)



AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA



BANKERS: Handelsbanken
First Floor, Westcott House
Hesslewood Business Park
Hull
East Yorkshire
HU13 0PF

TSG Terminal Limited (Registered number: 09105108)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,450 42,294
Tangible assets 5 732,555 422,731
766,005 465,025

CURRENT ASSETS
Debtors 6 2,125,268 2,165,298
Cash at bank and in hand 2,033,738 2,178,501
4,159,006 4,343,799
CREDITORS
Amounts falling due within one year 7 1,326,190 1,249,421
NET CURRENT ASSETS 2,832,816 3,094,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,598,821

3,559,403

PROVISIONS FOR LIABILITIES 31,155 28,987
NET ASSETS 3,567,666 3,530,416

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 119,990 119,990
Retained earnings 3,447,576 3,410,326
3,567,666 3,530,416

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 28 February 2025 and were signed on its behalf by:





T G W Bryan - Director


TSG Terminal Limited (Registered number: 09105108)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

TSG Terminal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The principle accounting policies have remained unchanged from the previous year and are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.

Revenue from the provision of services is recognised when the amount of revenue can be measured reliably, is it probable that the associated economic benefit will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, amortisation is calculated so as to write off the cost of that asset as follows:

Stamp duty - 10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimated.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided on cost in equal annual instalments over the estimated useful lives of the assets. The estimated useful lives are as follows:

Plant and equipment - 1 - 10 years straight line
Leasehold property improvements - 1 or 10 years straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


TSG Terminal Limited (Registered number: 09105108)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals applicable to operating leases are substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Defined contribution plans
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The UK continues to be impacted by rising inflation, interest rates and energy costs. These matters have impacted the company's trading results to a greater or lessor extent but have been mitigated to some degree by action taken by the company in the period. At the date of signing these financial statements, the directors have considered the effect of these matters on the company together with the information available to them, including cash flow forecasts, and do not believe that they will affect the ability of the company to continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements. On this basis, the directors have prepared these financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 37 ) .

TSG Terminal Limited (Registered number: 09105108)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 78,568
AMORTISATION
At 1 January 2024 36,274
Charge for year 8,844
At 31 December 2024 45,118
NET BOOK VALUE
At 31 December 2024 33,450
At 31 December 2023 42,294

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 867,663
Additions 404,335
Disposals (2,003 )
At 31 December 2024 1,269,995
DEPRECIATION
At 1 January 2024 444,932
Charge for year 92,508
At 31 December 2024 537,440
NET BOOK VALUE
At 31 December 2024 732,555
At 31 December 2023 422,731

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 801,062 1,065,476
Amounts owed by group undertakings 628,105 338,491
Other debtors 696,101 761,331
2,125,268 2,165,298

TSG Terminal Limited (Registered number: 09105108)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 834,735 852,187
Amounts owed to group undertakings 49,754 68,021
Taxation and social security 51,090 209,383
Other creditors 390,611 119,830
1,326,190 1,249,421

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,276,266 1,497,185
Between one and five years 4,166,698 5,177,665
In more than five years 31,410 117,734
5,474,374 6,792,584

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Fox FCCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 396,011 -

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is TSG Short Sea AB, a company registered in Sweden.

The smallest group of which TSG Terminal Ltd is a member and for which group accounts are prepared is that headed by ThorSvecon Group AB, a company incorporated in Sweden whose registered office address is Slakterugatan 10, 721 32 Västerås, Sweeden.

The largest group of which TSG Terminal Ltd is a member and for which group accounts are prepared is that headed by ThorSvecon Holding AB, a company incorporated in Sweden whose registered office address is Slakterugatan 10, 721 32 Västerås, Sweden.

There is no ultimate controlling party.