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REGISTERED NUMBER: 09850784 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TIS (NGA) LIMITED

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

TIS (NGA) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | G King

| M J Brennan

| A D Byron

| K Heilbron

| J A Wanless

| REGISTERED OFFICE: | Unit 15 Royce Avenue

| Cowpen Lane

| Billingham

| TS23 4BX

| REGISTERED NUMBER: | 09850784 (England and Wales)

| ACCOUNTANTS: | Baines Jewitt Limited

| Chartered Accountants

| Spitfire House

| 19 Falcon Court

| Preston Farm Industrial Estate

| Stockton-on-Tees

| TS18 3TU

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

BALANCE SHEET

31 DECEMBER 2024

2024 | 2023 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 730,384 |  | 784,082 |  |

730,384 |  | 784,082 |  |

CURRENT ASSETS

Stocks | 87,577 |  | 59,515 |  |

Debtors | 6 | 3,151,348 |  | 1,066,348 |  |

Cash at bank and in hand | 362,781 |  | 1,120,309 |  |

3,601,706 |  | 2,246,172 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,553,194 |  | 1,515,450 |  |

NET CURRENT ASSETS | 1,048,512 |  | 730,722 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,778,896 |  | 1,514,804 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (318,625 | ) | (343,769 | ) |

PROVISIONS FOR LIABILITIES | (161,462 | ) | (177,255 | ) |

NET ASSETS | 1,298,809 |  | 993,780 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 105 |  |

Retained earnings | 1,298,709 |  | 993,675 |  |

SHAREHOLDERS' FUNDS | 1,298,809 |  | 993,780 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

BALANCE SHEET - continued

31 DECEMBER 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

G King - Director | M J Brennan - Director

A D Byron - Director | K Heilbron - Director

J A Wanless - Director

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| TIS (NGA) 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

| In accordance with the principles of revenue recognition, turnover is recognised as the right to consideration is obtained through performance of contractual obligations.

| Long Term Contracts

| Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract at the end of the accounting period, as measured by the proportion that contract costs incurred to date bear to the estimated total contract costs.

| When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

| 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.

| Plant and machinery etc | - | 25% on cost

| 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 Statement of Income and Retained Earnings, 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.

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 110 (2023 - 62 ) .

4. | INTANGIBLE FIXED ASSETS

Other |

intangible |

assets |

| £

| COST

| At 1 January 2024

| and 31 December 2024 | 743 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 743 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | TANGIBLE FIXED ASSETS

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2024 | 1,330,589 |  |

| Additions | 343,953 |  |

| Disposals | (13,000 | ) |

| Reclassification/transfer | 3,197 |  |

| At 31 December 2024 | 1,664,739 |  |

| DEPRECIATION

| At 1 January 2024 | 546,507 |  |

| Charge for year | 378,271 |  |

| Eliminated on disposal | (13,000 | ) |

| Reclassification/transfer | 22,577 |  |

| At 31 December 2024 | 934,355 |  |

| NET BOOK VALUE

| At 31 December 2024 | 730,384 |  |

| At 31 December 2023 | 784,082 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and |

machinery |

etc |

| £

| COST

| At 1 January 2024 | 89,991 |  |

| Additions | 219,429 |  |

| At 31 December 2024 | 309,420 |  |

| DEPRECIATION

| At 1 January 2024 | 22,482 |  |

| Charge for year | 66,233 |  |

| At 31 December 2024 | 88,715 |  |

| NET BOOK VALUE

| At 31 December 2024 | 220,705 |  |

| At 31 December 2023 | 67,509 |  |

TIS (NGA) LIMITED (REGISTERED NUMBER: 09850784)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Trade debtors | 2,234,033 |  | 610,798 |  |

| Amounts recoverable on contract | 800,313 |  | 340,560 |  |

| Other debtors | 117,002 |  | 114,990 |  |

3,151,348 |  | 1,066,348 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| £ | £

| Bank loans and overdrafts | 71,463 |  | 84,615 |  |

| Hire purchase contracts and finance leases | 101,093 |  | 28,174 |  |

| Payments on account | 273,771 |  | - |  |

| Trade creditors | 1,062,180 |  | 616,646 |  |

| Taxation and social security | 406,986 |  | 237,690 |  |

| Other creditors | 637,701 |  | 548,325 |  |

2,553,194 |  | 1,515,450 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

| £ | £

| Bank loans | 179,627 |  | 234,426 |  |

| Hire purchase contracts and finance leases | 138,998 |  | 109,343 |  |

318,625 |  | 343,769 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

| £ | £

| Bank loans | 251,090 |  | 319,041 |  |

| Hire purchase contracts and finance leases | 240,091 |  | 137,517 |  |

491,181 |  | 456,558 |  |

| The hire purchase and finance lease liabilities are secured on the assets to which they relate.

| The loan balance is subject to a fixed and floating charge over all the property or undertaking of the company.