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Company No: 08996633 (England and Wales)

TGE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TGE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TGE LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
TGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR Tom Exton
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
COMPANY NUMBER 08996633 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
TGE LIMITED

BALANCE SHEET

As at 30 April 2024
TGE LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 403,664 425,249
403,664 425,249
Current assets
Stocks 1,724,146 960,551
Debtors 4 35,001 501,973
Cash at bank and in hand 66,229 152,278
1,825,376 1,614,802
Creditors: amounts falling due within one year 5 ( 2,025,276) ( 499,278)
Net current (liabilities)/assets (199,900) 1,115,524
Total assets less current liabilities 203,764 1,540,773
Creditors: amounts falling due after more than one year 6 ( 142,750) ( 943,388)
Net assets 61,014 597,385
Capital and reserves
Called-up share capital 1 1
Profit and loss account 61,013 597,384
Total shareholder's funds 61,014 597,385

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of TGE Limited (registered number: 08996633) were approved and authorised for issue by the Director on 24 July 2025. They were signed on its behalf by:

Tom Exton
Director
TGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

TGE Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House ,186-192 High Road, , Ilford,Essex, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 - 25 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 498,833 498,833
Additions 785 785
At 30 April 2024 499,618 499,618
Accumulated depreciation
At 01 May 2023 73,584 73,584
Charge for the financial year 22,370 22,370
At 30 April 2024 95,954 95,954
Net book value
At 30 April 2024 403,664 403,664
At 30 April 2023 425,249 425,249

4. Debtors

2024 2023
£ £
Trade debtors 1 6,001
Amounts owed by related parties 35,000 0
Other debtors 0 495,972
35,001 501,973

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 15,278 3,330
Taxation and social security 543,126 426,496
Obligations under finance leases and hire purchase contracts 1,450,017 57,087
Other creditors 16,855 12,365
2,025,276 499,278

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 142,750 943,388

There are no amounts included above in respect of which any security has been given by the small entity.