Tag Retail Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11923183

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		37,077		45,077
Tangible Assets	5		185,934		248,429

			223,011		293,506
CURRENT ASSETS
Stocks	6	266,518		264,637
Debtors	7	39,990		88,177
Cash at bank and in hand		34,394		75,262

		340,902		428,076
Creditors: Amounts Falling Due Within One Year	8	(1,704,063 )		(1,604,909 )

NET CURRENT ASSETS (LIABILITIES)			(1,363,161 )		(1,176,833 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,140,150 )		(883,327 )

Creditors: Amounts Falling Due After More Than One Year	9		(53,701 )		(132,116 )

NET LIABILITIES			(1,193,851 )		(1,015,443 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(1,193,951 )		(1,015,543 )

SHAREHOLDERS' FUNDS			(1,193,851)		(1,015,443)

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Tag Retail Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T C Dant

Director

23/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Tag Retail Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11923183 . The registered office is Bilsby Filling Station, Alford Road, Bilsby, Alford, Lincolnshire, LN13 9PY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably; it is probable that future economic benefits will flow to the entity and when the specific criteria relating to each of the company’s sales channels have been met, as described below.

Sale of goods

The company operates retail shops within the service stations

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Cost
Fixtures & Fittings	20% Cost
Computer Equipment	20% Cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 61 (2024: 34)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	80,000

As at 31 March 2025	80,000

Amortisation
As at 1 April 2024	34,923
Provided during the period	8,000

As at 31 March 2025	42,923

...CONTINUED

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Tag Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	37,077

As at 1 April 2024	45,077

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	306,820	86,391	117,792	511,003
Additions	-	-	409	409

As at 31 March 2025	306,820	86,391	118,201	511,412

Depreciation
As at 1 April 2024	107,286	57,218	98,070	262,574
Provided during the period	29,517	16,700	16,687	62,904

As at 31 March 2025	136,803	73,918	114,757	325,478

Net Book Value
As at 31 March 2025	170,017	12,473	3,444	185,934

As at 1 April 2024	199,534	29,173	19,722	248,429

6. Stocks

	2025	2024
	£	£
Stock	266,518	264,637

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	7,853	4,362
Other debtors	32,137	83,815

	39,990	88,177

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	57,897	108,121
Bank loans and overdrafts	9,045	17,203
Other loans	48,207	27,148
Amounts owed to participating interests	1,552,501	1,406,616
Other creditors	19,542	26,746
Taxation and social security	16,871	19,075

	1,704,063	1,604,909

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Tag Retail Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	10,988	20,137
Other loans	42,713	111,979

	53,701	132,116

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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