Company Registration No. 13642738 (England and Wales)
TGS (Arnold) Limited
Unaudited accounts
for the year ended 30 September 2024
TGS (Arnold) Limited
Unaudited accounts
Contents
TGS (Arnold) Limited
Company Information
for the year ended 30 September 2024
Company Number
13642738 (England and Wales)
Registered Office
70 Aylesham Avenue
Arnold
Nottingham
Nottinghamshire
NG5 6PP
England
Accountants
Taylor Accountancy Ltd
2 Lynmoor Court
Hucknall
Nottingham
NG15 8FT
TGS (Arnold) Limited
Statement of financial position
as at 30 September 2024
Tangible assets
27,598
24,911
Cash at bank and in hand
40,201
36,651
Creditors: amounts falling due within one year
(13,399)
(33,245)
Net current assets
29,101
12,786
Total assets less current liabilities
56,699
37,697
Provisions for liabilities
Deferred tax
(1,777)
(4,725)
Called up share capital
2
2
Profit and loss account
54,920
32,970
Shareholders' funds
54,922
32,972
For the year ending 30 September 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Keeley Bowker
Director
Company Registration No. 13642738
TGS (Arnold) Limited
Notes to the Accounts
for the year ended 30 September 2024
TGS (Arnold) Limited is a private company, limited by shares, registered in England and Wales, registration number 13642738. The registered office is 70 Aylesham Avenue, Arnold, Nottingham, Nottinghamshire, NG5 6PP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
33% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TGS (Arnold) Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
31,061
139
31,200
At 30 September 2024
40,658
139
40,797
At 1 October 2023
6,212
77
6,289
Charge for the year
6,889
21
6,910
At 30 September 2024
13,101
98
13,199
At 30 September 2024
27,557
41
27,598
At 30 September 2023
24,849
62
24,911
Amounts falling due within one year
Accrued income and prepayments
2,299
2,299
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,156
32,093
Taxes and social security
4,953
-
Loans from directors
228
187
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).