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REGISTERED NUMBER: 06074223 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

TGC Computers Ltd

TGC Computers Ltd (Registered number: 06074223)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


TGC Computers Ltd (Registered number: 06074223)

Balance Sheet
31 January 2025

31.1.25 31.1.24
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 475,543 515,794
Investments 6 90 90
475,633 515,884

CURRENT ASSETS
Stocks 308,904 297,721
Debtors 7 553,794 1,156,437
Cash at bank and in hand 385,578 392,051
1,248,276 1,846,209
CREDITORS
Amounts falling due within one year 8 612,783 1,113,157
NET CURRENT ASSETS 635,493 733,052
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,111,126

1,248,936

CREDITORS
Amounts falling due after more than one
year

9

(273,003

)

(308,466

)

PROVISIONS FOR LIABILITIES (30,733 ) (36,716 )
NET ASSETS 807,390 903,754

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Share premium 4,750 4,750
Capital redemption reserve 50 50
Retained earnings 801,390 897,754
SHAREHOLDERS' FUNDS 807,390 903,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

TGC Computers Ltd (Registered number: 06074223)

Balance Sheet - continued
31 January 2025


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 8 August 2025 and were signed on its behalf by:





T J Evans - Director


TGC Computers Ltd (Registered number: 06074223)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

TGC Computers Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06074223

Registered office: Unit 6, Lister Park
Green Lane Industrial Estate
Featherstone
Wakefield
West Yorkshire
WF7 6FE

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.

Revenue from the sale of goods is recognised when goods are delivered and legal title passes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Office equipment - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

TGC Computers Ltd (Registered number: 06074223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 14 ) .

TGC Computers Ltd (Registered number: 06074223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 168,994
AMORTISATION
At 1 February 2024
and 31 January 2025 168,994
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Office and
property equipment fittings
£    £    £   
COST
At 1 February 2024 352,613 55,982 28,937
Additions - 8,240 1,088
At 31 January 2025 352,613 64,222 30,025
DEPRECIATION
At 1 February 2024 - 41,401 27,632
Charge for year - 11,202 1,418
At 31 January 2025 - 52,603 29,050
NET BOOK VALUE
At 31 January 2025 352,613 11,619 975
At 31 January 2024 352,613 14,581 1,305

TGC Computers Ltd (Registered number: 06074223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 210,528 134,884 782,944
Additions - - 9,328
At 31 January 2025 210,528 134,884 792,272
DEPRECIATION
At 1 February 2024 63,414 134,703 267,150
Charge for year 36,778 181 49,579
At 31 January 2025 100,192 134,884 316,729
NET BOOK VALUE
At 31 January 2025 110,336 - 475,543
At 31 January 2024 147,114 181 515,794

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024
and 31 January 2025 175,521
DEPRECIATION
At 1 February 2024 43,880
Charge for year 32,910
At 31 January 2025 76,790
NET BOOK VALUE
At 31 January 2025 98,731
At 31 January 2024 131,641

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 90
NET BOOK VALUE
At 31 January 2025 90
At 31 January 2024 90

TGC Computers Ltd (Registered number: 06074223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
as restated
£    £   
Trade debtors 478,838 1,051,680
Other debtors 74,956 104,757
553,794 1,156,437

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
as restated
£    £   
Bank loans and overdrafts 16,091 14,087
Hire purchase contracts 20,201 20,201
Trade creditors 223,622 670,234
Taxation and social security 97,293 127,516
Other creditors 255,576 281,119
612,783 1,113,157

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
as restated
£    £   
Bank loans 173,955 189,218
Hire purchase contracts 99,048 119,248
273,003 308,466

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,773 117,505

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
as restated
£    £   
Bank loans 190,046 203,305

The company's bankers have secured their debt as follows:

Fixed and floating charges over the freehold property known as 6 Lister Park, Featherstone, Pontefract, WF7 6FE.