General Information
TAG PERSONNEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07877312, registration address 78 Park Lane, Poynton, Stockport, Cheshire, SK12 1RE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Share capital
Ordinary shares are classed as equity.
Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
Distributions to equity shareholders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and machinery etc |
25% reducing balance |
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 9).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
9,806 |
|
9,806 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2025 |
9,806 |
|
9,806 |
| Depreciation |
| At 01 April 2024 |
7,127 |
|
7,127 |
| Charge for year |
1,006 |
|
1,006 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
8,133 |
|
8,133 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,673 |
|
1,673 |
| Opening balance as at 01 April 2024 |
2,679 |
|
2,679 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
200
Class A shares of £1.00 each |
200 |
|
200 |
|
200 |
|
200 |
|
| 5. |
Advances and Credits
Stuart Moffat The following advances and credits to the director subsisted during the years ended 31 March 2025 and 31 March 2024. The loan to the director is unsecured, interest free and repayable on demand. Barry Wilkson The following advances and credits to the director subsisted during the years ended 31 March 2025 and 31 March 2024. The loan to the director is unsecured, interest free and repayable on demand. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Stuart Moffat | 10,000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 10,000 | | Barry Wilkson | 10,000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 10,000 | | 20000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 20000 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| Stuart Moffat | 10,000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 10,000 | | Barry Wilkson | 10,000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 10,000 | | 20000 | | 0 | | 0 | | 0 | | 0 | | 0 | | 20000 |
|
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