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REGISTERED NUMBER: 06290673 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TAG MANAGEMENT CONSULTANCY SERVICES LTD
T/A
TAG PROFESSIONAL

TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAG MANAGEMENT CONSULTANCY SERVICES LTD
T/A TAG PROFESSIONAL

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: Mr T Field
Mrs J Field





REGISTERED OFFICE: The Granary
Sunnybrook Farm
Pennymoor
Tiverton
Devon
EX16 8LR





REGISTERED NUMBER: 06290673 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
Unit 68 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH

TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,697 125,351

CURRENT ASSETS
Stocks 3,670 1,750
Debtors 5 20,694 26,248
Cash at bank 40,476 48,511
64,840 76,509
CREDITORS
Amounts falling due within one year 6 43,199 54,460
NET CURRENT ASSETS 21,641 22,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,338

147,400

CREDITORS
Amounts falling due after more than
one year

7

(9,563

)

(18,688

)

PROVISIONS FOR LIABILITIES (691 ) (644 )
NET ASSETS 121,084 128,068

CAPITAL AND RESERVES
Called up share capital 8 750 750
Retained earnings 9 120,334 127,318
SHAREHOLDERS' FUNDS 121,084 128,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL

BALANCE SHEET - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





Mr T Field - Director


TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Tag Management Consultancy Services Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

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

TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 152,761 4,210 6,224 163,195
Additions - 506 - 506
At 30 June 2024 152,761 4,716 6,224 163,701
DEPRECIATION
At 1 July 2023 30,552 2,050 5,242 37,844
Charge for year 15,276 400 484 16,160
At 30 June 2024 45,828 2,450 5,726 54,004
NET BOOK VALUE
At 30 June 2024 106,933 2,266 498 109,697
At 30 June 2023 122,209 2,160 982 125,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 20,109 26,036
Other debtors 244 212
Prepayments 341 -
20,694 26,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,822 9,750
Trade creditors 5,033 2,020
Tax 13,773 8,818
Social security and other taxes - 141
VAT 5,039 7,846
Directors' current accounts 7,859 24,385
Accrued expenses 1,673 1,500
43,199 54,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans > 1 year 9,563 18,688

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
750 Ordinary £1 750 750

TAG MANAGEMENT CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 06290673)
T/A TAG PROFESSIONAL

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. RESERVES
Retained
earnings
£   

At 1 July 2023 127,318
Profit for the year 22,566
Dividends (29,550 )
At 30 June 2024 120,334