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REGISTERED NUMBER: 06525820 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

TGS Products Limited

TGS Products Limited (Registered number: 06525820)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TGS Products Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R A Gidden





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 06525820 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

TGS Products Limited (Registered number: 06525820)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 178,465 -
Debtors 4 654,958 399,855
Cash at bank 12,612 28,370
846,035 428,225
CREDITORS
Amounts falling due within one year 5 698,672 367,365
NET CURRENT ASSETS 147,363 60,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,363

60,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,263 60,760
147,363 60,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2025 and were signed by:





R A Gidden - Director


TGS Products Limited (Registered number: 06525820)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TGS Products 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 333,976 306,870
Other debtors 250,690 71,090
584,666 377,960

Amounts falling due after more than one year:
Other debtors 70,292 21,895

Aggregate amounts 654,958 399,855

TGS Products Limited (Registered number: 06525820)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 354,712 126,485
Taxation and social security 91,200 5,732
Other creditors 252,760 235,148
698,672 367,365

6. SECURED DEBTS

Praetura Invoice Finance Limited have a fixed and floating charge over all the property and undertakings of the Company together with a negative pledge.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2023, R A Gidden, the director owed the company £210,561 (2022 : £67,162). During the year there were withdrawals totalling £143,876 and capital introduced totalling £477 This loan is interest free and repayable on demand. The maximum amount outstanding in the period was £210,561.

8. RELATED PARTY DISCLOSURES

As at 31 December 2023 the company was owed £32,335 (2022 ; £17,181 owed to Dynamo 44 Ltd) from Dynamo 44 Ltd, a company controlled by the Director R A Gidden. This loan is interest free and repayable on demand.