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REGISTERED NUMBER: 05364812 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

TgK Scientific Limited

TgK Scientific Limited (Registered number: 05364812)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TgK Scientific Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: E J King
M S Pritchard





SECRETARY: E J King





REGISTERED OFFICE: Lennox House
3 Pierrepont Street
Bath
BA1 1LB





REGISTERED NUMBER: 05364812 (England and Wales)

TgK Scientific Limited (Registered number: 05364812)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,475 3,337
2,475 3,337

CURRENT ASSETS
Stocks 211,690 195,442
Debtors 6 86,387 288,702
Cash at bank 190,477 181,662
488,554 665,806
CREDITORS
Amounts falling due within one year 7 44,905 103,916
NET CURRENT ASSETS 443,649 561,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,124

565,227

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 446,024 565,127
SHAREHOLDERS' FUNDS 446,124 565,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 19 August 2025 and were signed on its behalf by:





E J King - Director


TgK Scientific Limited (Registered number: 05364812)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

TgK Scientific 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Intellectual Property - 10 years straight line

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold Property - 10% on straight line basis
Fixtures and fittings - 20% on straight line basis
Equipment - 20% on straight line basis
Computer equipment - 25% on straight line basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

TgK Scientific Limited (Registered number: 05364812)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
assets
£   
COST
At 1 March 2024
and 28 February 2025 25,000
AMORTISATION
At 1 March 2024
and 28 February 2025 25,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
Property fittings Equipment equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 17,538 2,841 7,980 16,797 45,156
Additions - - - 609 609
At 28 February 2025 17,538 2,841 7,980 17,406 45,765
DEPRECIATION
At 1 March 2024 17,538 2,706 6,519 15,056 41,819
Charge for year - 135 387 949 1,471
At 28 February 2025 17,538 2,841 6,906 16,005 43,290
NET BOOK VALUE
At 28 February 2025 - - 1,074 1,401 2,475
At 29 February 2024 - 135 1,461 1,741 3,337

TgK Scientific Limited (Registered number: 05364812)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 30,387 253,379
Other debtors 9,907 19,792
Tax 23,591 -
VAT 9,570 14,403
Prepayments and accrued income 12,932 1,128
86,387 288,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 31,634 38,434
Tax - 38,661
Social security and other taxes 2,871 2,790
Other creditors 6,500 3,716
Accruals and deferred income 3,900 20,315
44,905 103,916

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2024 565,127
Deficit for the year (68,412 )
Dividends (50,691 )
At 28 February 2025 446,024

10. RELATED PARTY DISCLOSURES

During the year dividends of £50,691 (2024: £59,601) were paid to the directors, E J King £30,448 (2024: £34,601) and M S Pritchard £20,243 (2024: £25,000).

11. ULTIMATE CONTROLLING PARTY

Mr E J King is the ultimate controlling party by virtue of his majority shareholding.