ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

Company registration number: 03757133

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2025

	THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

COMPANY INFORMATION

Directors	T Clark
	M Humphries
	J Clark
	D Furey


Registered number	03757133


Registered office	Unit 13 Jubilee Estate
	Foundry Lane
	Horsham
	West Sussex
	RH13 5UE


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 9


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED) REGISTERED NUMBER:03757133

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Intangible assets	4		184,484		62,846
Tangible assets	5		56,006		34,648
Investments	6		83		83
			240,573		97,577
Current assets
Stocks		124,128		144,490
Debtors: amounts falling due within one year	7	896,443		579,630
Cash at bank and in hand		256,394		467,829
		1,276,965		1,191,949
Creditors: amounts falling due within one year	8	(1,019,620)		(774,142)
Net current assets			257,345		417,807
Provisions for liabilities
Deferred tax		(4,319)		(1,774)
			(4,319)		(1,774)
Net assets			493,599		513,610

Page 1


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED) REGISTERED NUMBER:03757133

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 APRIL 2025

				As restated
		2025		2024
		£		£

Capital and reserves
Allotted, called up and fully paid share capital	3,750	3,750
Share premium account	49,250	49,250
Profit and loss account	440,599	460,610
	493,599	513,610

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 statement of income and retained earnings 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:

M Humphries	J Clark
Director	Director

Date: 28 October 2025	Date:28 October 2025

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

Page 2


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1.	General information

The T C Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is disclosed on the company information page. The registered office is also the trading address.

On 22 May 2025, the Company changed its name from The T C Group Limited to The TC Group Ltd.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is generated through the sale of branded promotional products and is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

Government grants

Grants are accounted for under the performance model as permitted by FRS 102. Grants are recognised when performance conditions are met.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

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

Page 3


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.7

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.

2.8

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.

2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

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.

Page 4


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

2.Accounting policies (continued)

2.10

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following bases:

Depreciation is provided on the following basis:

Motor vehicles	-	25% straight line
Fixtures and fittings	-	15% - 25% straight line
Computer equipment	-	25% straight line

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.

2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 24 (2024 -22).

Page 5


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 May 2024	362,817
	Additions	135,000
	At 30 April 2025	497,817
	Amortisation
	At 1 May 2024	299,971
	Charge for the year	13,362
	At 30 April 2025	313,333
	Net book value
	At 30 April 2025	184,484
	At 30 April 2024	62,846

Page 6


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

5.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost
At 1 May 2024	24,700	41,198	100,508	166,406
Additions	25,865	7,853	999	34,717
Disposals	(2,500)	(348)	-	(2,848)
At 30 April 2025	48,065	48,703	101,507	198,275
Depreciation
At 1 May 2024	24,700	26,602	80,456	131,758
Charge for the year	3,772	3,262	6,325	13,359
Disposals	(2,500)	(348)	-	(2,848)
At 30 April 2025	25,972	29,516	86,781	142,269
Net book value
At 30 April 2025	22,093	19,187	14,726	56,006
At 30 April 2024	-	14,596	20,052	34,648

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 May 2024	83
	At 30 April 2025	83

Page 7


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

Debtors

					2025	2024
					£	£


Trade debtors	793,899	464,579
Other debtors	102,544	115,051
	896,443	579,630

Trade creditors	641,728	388,762
Corporation tax	-	25,999
Other taxation and social security	82,916	60,936
Other creditors	294,976	298,445
	1,019,620	774,142

9.	Prior year adjustment

During the year, it was identified that the corporation tax liability and charge for the year ended 30 April 2024 had been overstated.
A prior year adjustment has been made to correct this.
The corporation tax liability and charge have been reduced by £9,227, resulting in an increase in profit for the year ended 30 April 2024 of £9,227.
The comparative figures have been restated accordingly.

Not later than 1 year	33,050	33,050
Later than 1 year and not later than 5 years	55,594	87,644
Later than 5 years	-	1,000
	88,644	121,694

Page 8


THE TC GROUP LTD (FORMERLY THE T C GROUP LIMITED)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

11.	Transactions with directors
	Included within other creditors are the following transactions with directors.

		2025	2024
		£	£

Balance outstanding at start of year	(26,472)	(55,410)
Amounts advanced	(88,423)	(52,624)
Amounts repaid	44,412	81,562
Balance outstanding at end of year	(70,483)	(26,472)

Interest was not charged on this loan and it is repayable on demand.

Page 9