Acorah Software Products - Accounts Production 16.3.350 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 SC568840 Tanveer Pal Gurupal Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC568840 2023-06-30 SC568840 2024-06-30 SC568840 2023-07-01 2024-06-30 SC568840 frs-core:CurrentFinancialInstruments 2024-06-30 SC568840 frs-core:Non-currentFinancialInstruments 2024-06-30 SC568840 frs-core:ComputerEquipment 2024-06-30 SC568840 frs-core:ComputerEquipment 2023-07-01 2024-06-30 SC568840 frs-core:ComputerEquipment 2023-06-30 SC568840 frs-core:MotorVehicles 2024-06-30 SC568840 frs-core:MotorVehicles 2023-07-01 2024-06-30 SC568840 frs-core:MotorVehicles 2023-06-30 SC568840 frs-core:PlantMachinery 2024-06-30 SC568840 frs-core:PlantMachinery 2023-07-01 2024-06-30 SC568840 frs-core:PlantMachinery 2023-06-30 SC568840 frs-core:ShareCapital 2024-06-30 SC568840 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 SC568840 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC568840 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 SC568840 frs-bus:SmallEntities 2023-07-01 2024-06-30 SC568840 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC568840 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC568840 frs-bus:Director1 2023-07-01 2024-06-30 SC568840 frs-bus:Director2 2023-07-01 2024-06-30 SC568840 frs-countries:Scotland 2023-07-01 2024-06-30 SC568840 2022-06-30 SC568840 2023-06-30 SC568840 2022-07-01 2023-06-30 SC568840 frs-core:CurrentFinancialInstruments 2023-06-30 SC568840 frs-core:Non-currentFinancialInstruments 2023-06-30 SC568840 frs-core:ShareCapital 2023-06-30 SC568840 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: SC568840
TGP LOGISTICS LIMITED
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC568840
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,885 5,107
3,885 5,107
CURRENT ASSETS
Stocks 5 47,520 48,756
Debtors 6 738 953
Cash at bank and in hand 5,431 5,463
53,689 55,172
Creditors: Amounts Falling Due Within One Year 7 (14,425 ) (34,498 )
NET CURRENT ASSETS (LIABILITIES) 39,264 20,674
TOTAL ASSETS LESS CURRENT LIABILITIES 43,149 25,781
Creditors: Amounts Falling Due After More Than One Year 8 (35,220 ) (59,137 )
NET ASSETS/(LIABILITIES) 7,929 (33,356 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 7,928 (33,357 )
SHAREHOLDERS' FUNDS 7,929 (33,356)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Gurupal Singh
Director
28 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TGP LOGISTICS LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC568840 . The registered office is 31-33 Scott's Street, Annan, Scotland, G12 6JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 5)
8 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 2,555 9,500 624 12,679
As at 30 June 2024 2,555 9,500 624 12,679
Depreciation
As at 1 July 2023 1,555 5,492 525 7,572
Provided during the period 200 1,002 20 1,222
As at 30 June 2024 1,755 6,494 545 8,794
Net Book Value
As at 30 June 2024 800 3,006 79 3,885
As at 1 July 2023 1,000 4,008 99 5,107
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 47,520 48,756
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 738 953
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,884 11,903
VAT 9,541 22,595
14,425 34,498
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,220 59,137
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4