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REGISTERED NUMBER: 09643020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TAGG FILMS LIMITED

TAGG FILMS LIMITED (REGISTERED NUMBER: 09643020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TAGG FILMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T J C Taggart
Ms N M Ingram





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09643020 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

TAGG FILMS LIMITED (REGISTERED NUMBER: 09643020)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,410 10,547

CURRENT ASSETS
Debtors 5 1,296 3,323
Cash at bank 24,925 76,355
26,221 79,678
CREDITORS
Amounts falling due within one year 6 7,801 28,715
NET CURRENT ASSETS 18,420 50,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,830

61,510

PROVISIONS FOR LIABILITIES 2,548 2,004
NET ASSETS 29,282 59,506

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,182 59,406
29,282 59,506

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.

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 20 March 2025 and were signed on its behalf by:





T J C Taggart - Director


TAGG FILMS LIMITED (REGISTERED NUMBER: 09643020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Tagg Films 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.

Turnover
Turnover represents sales of services and is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

TAGG FILMS LIMITED (REGISTERED NUMBER: 09643020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 17,495 563 3,343 21,401
Additions 26,953 263 247 27,463
Disposals (20,370 ) - - (20,370 )
At 30 June 2024 24,078 826 3,590 28,494
DEPRECIATION
At 1 July 2023 7,344 167 3,343 10,854
Charge for year 4,719 308 21 5,048
Eliminated on disposal (818 ) - - (818 )
At 30 June 2024 11,245 475 3,364 15,084
NET BOOK VALUE
At 30 June 2024 12,833 351 226 13,410
At 30 June 2023 10,151 396 - 10,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 2,668
VAT 1,296 -
Prepayments and accrued income - 655
1,296 3,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,083 17,785
VAT - 4,980
Directors' current accounts 19 4,750
Accruals and deferred income 1,699 1,200
7,801 28,715

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, T Taggart decreased his loan to the company. As at 30 June 2024, the company owed him £19 (2023: £4,750) This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J C Taggart.

This is by virtue of his 80% holding of the issued share capital.