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REGISTERED NUMBER: 04078097 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Tag (U.K.) Limited

Tag (U.K.) Limited (Registered number: 04078097)






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


Tag (U.K.) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S Thorn
M Greenaway





REGISTERED OFFICE: Exhibition House
North View
Soundwell
Bristol
BS16 4NT





REGISTERED NUMBER: 04078097 (England and Wales)

Tag (U.K.) Limited (Registered number: 04078097)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,666 3,136
Investment property 5 842,133 842,133
844,799 845,269

CURRENT ASSETS
Debtors 6 237,456 105,988
Cash at bank 4 230
237,460 106,218
CREDITORS
Amounts falling due within one year 7 300,219 128,685
NET CURRENT LIABILITIES (62,759 ) (22,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

782,040

822,802

CREDITORS
Amounts falling due after more than one
year

8

(5,333

)

(15,833

)

PROVISIONS FOR LIABILITIES (99,846 ) (131,029 )
NET ASSETS 676,861 675,940

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 633,324 633,324
Retained earnings 43,437 42,516
676,861 675,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 June 2025 and were signed on its behalf by:



S Thorn - Director


Tag (U.K.) Limited (Registered number: 04078097)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Tag (U.K.) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Tag (U.K.) Limited (Registered number: 04078097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 15,009
DEPRECIATION
At 1 January 2024 11,873
Charge for year 470
At 31 December 2024 12,343
NET BOOK VALUE
At 31 December 2024 2,666
At 31 December 2023 3,136

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 842,133
NET BOOK VALUE
At 31 December 2024 842,133
At 31 December 2023 842,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,729 22,843
Other debtors 34,215 14,689
Directors' current accounts 101,833 43,981
Prepayments and accrued income 76,679 24,475
237,456 105,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,500 17,093
Trade creditors 2,734 5,167
Amounts owed to related partie 243,386 85,582
Tax 36,954 16,712
Other creditors 830 1,161
Accruals and deferred income 5,815 2,970
300,219 128,685

Bank loans and overdrafts of £Nil (2023 - £7,093) are secured by a fixed and floating charge over Unit 3, Haywoods Industrial Estate, Bristol. The company has provided a cross guarantee to the bank in respect of borrowings sustained by Exworks Limited. Its debts to the bank are secured by way of fixed and floating charges over the assets of the company.

Tag (U.K.) Limited (Registered number: 04078097)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans due after more than 5,333 15,833

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
S Thorn
Balance outstanding at start of year 21,841 2,116
Amounts advanced 62,009 50,752
Amounts repaid (33,082 ) (31,027 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,768 21,841

M Greenaway
Balance outstanding at start of year 22,139 2,415
Amounts advanced 62,009 50,751
Amounts repaid (33,082 ) (31,027 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,066 22,139

The loans to directors are repayable on demand and interest is charged at the prevailing HMRC rates.

10. RELATED PARTY DISCLOSURES

Loans to related parties
Other related
parties Total
2024 £    £   
At start of period (85,583 ) (85,583 )
Advanced (191,804 ) (191,804 )
Repaid 34,000 34,000
At end of period (243,387 ) (243,387 )

Other related
parties Total
2023 £    £   
At start of period 108,673 108.673
Advanced (194,256 ) (194,256 )
Repaid - -
At end of period (85,583 ) (85,583 )

Terms of loans to related parties
The loans to other related parties are interest free and repayable on demand.