REGISTERED NUMBER: 09850784 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TIS (NGA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

-

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

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.