Caseware UK (AP4) 2023.0.135 2023.0.135 trueNo description of principal activity102023-12-01false9trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05287864 2023-12-01 2024-11-30 05287864 2022-12-01 2023-11-30 05287864 2024-11-30 05287864 2023-11-30 05287864 c:Director1 2023-12-01 2024-11-30 05287864 d:PlantMachinery 2023-12-01 2024-11-30 05287864 d:PlantMachinery 2024-11-30 05287864 d:PlantMachinery 2023-11-30 05287864 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05287864 d:FurnitureFittings 2023-12-01 2024-11-30 05287864 d:FurnitureFittings 2024-11-30 05287864 d:FurnitureFittings 2023-11-30 05287864 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05287864 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 05287864 d:Goodwill 2023-12-01 2024-11-30 05287864 d:Goodwill 2024-11-30 05287864 d:Goodwill 2023-11-30 05287864 d:CurrentFinancialInstruments 2024-11-30 05287864 d:CurrentFinancialInstruments 2023-11-30 05287864 d:CurrentFinancialInstruments 3 2024-11-30 05287864 d:CurrentFinancialInstruments 3 2023-11-30 05287864 d:CurrentFinancialInstruments 5 2024-11-30 05287864 d:CurrentFinancialInstruments 5 2023-11-30 05287864 d:Non-currentFinancialInstruments 2024-11-30 05287864 d:Non-currentFinancialInstruments 2023-11-30 05287864 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 05287864 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 05287864 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 05287864 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 05287864 d:ShareCapital 2024-11-30 05287864 d:ShareCapital 2023-11-30 05287864 d:RetainedEarningsAccumulatedLosses 2024-11-30 05287864 d:RetainedEarningsAccumulatedLosses 2023-11-30 05287864 c:FRS102 2023-12-01 2024-11-30 05287864 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05287864 c:FullAccounts 2023-12-01 2024-11-30 05287864 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05287864 6 2023-12-01 2024-11-30 05287864 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 05287864










TSGK ENTERPRISES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the year ended 30 November 2024

 
TSGK ENTERPRISES LIMITED
Registered number: 05287864

STATEMENT OF FINANCIAL POSITION
As at 30 November 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
143,139
190,508

Fixed Asset Investments
 6 
-
50

  
143,139
190,558

Current assets
  

Stocks
  
92,687
117,801

Debtors: amounts falling due within one year
 7 
117,820
374,738

Cash at bank and in hand
  
255,247
27,044

  
465,754
519,583

Creditors: amounts falling due within one year
 8 
(260,875)
(326,930)

Net current assets
  
 
 
204,879
 
 
192,653

Total assets less current liabilities
  
348,018
383,211

Creditors: amounts falling due after more than one year
 9 
(214,756)
(197,158)

Provisions for liabilities
  

Deferred tax
  
(35,490)
(34,684)

  
 
 
(35,490)
 
 
(34,684)

Net assets
  
97,772
151,369


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
97,662
151,259

  
97,772
151,369


Page 1

 
TSGK ENTERPRISES LIMITED
Registered number: 05287864
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 30 November 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Mr B Sokoya
Director

Date: 31 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

1.


General information

TSGK Enterprises Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 05287864. The address of the registered office is Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Income statement in the same period as the related expenditure.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 9).


4.


Intangible assets




Goodwill

£



Cost


At 1 December 2023
98,142



At 30 November 2024

98,142



Amortisation


At 1 December 2023
98,142



At 30 November 2024

98,142



Net book value



At 30 November 2024
-



At 30 November 2023
-



Page 7

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

5.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 December 2023
110,655
256,549
367,204


Additions
-
347
347



At 30 November 2024

110,655
256,896
367,551



Depreciation


At 1 December 2023
29,955
146,743
176,698


Charge for the year on owned assets
20,175
27,539
47,714



At 30 November 2024

50,130
174,282
224,412



Net book value



At 30 November 2024
60,525
82,614
143,139



At 30 November 2023
80,701
109,807
190,508


6.


Fixed asset investments





Unlisted investments

£





At 1 December 2023
50


Disposals
(50)



At 30 November 2024
-





7.


Debtors

2024
2023
£
£


Trade debtors
102,410
176,325

Amounts due from associated company
-
98,722

Other debtors
-
56,533
Page 8

 
TSGK ENTERPRISES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 November 2024

7.Debtors (continued)


Rent deposit
4,200
4,200

VAT repayable
6,333
33,390

Prepayments and accrued income
4,877
5,568

117,820
374,738



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
35,291

Trade creditors
221,332
218,045

Corporation tax
-
6,525

Director's loan account
31,482
58,020

Pension payable
2,247
2,188

Wages and salaries payable
5,814
6,861

260,875
326,930


Bank loans are secured by a fixed and floating charge over the assets of the company.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
214,756
197,158

214,756
197,158


Bank loans are secured by a fixed and floating charge over the assets of the company.


10.


Controlling party

The company was under the control of the directors Mr B Sokoya (55% share) and Mrs G Sokoya (45% share), by virtue of the fact that between them they own 100% of the issued share capital.

 
Page 9