REGISTERED NUMBER: 08070262 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

TGM Motors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Montalbano

REGISTERED OFFICE:

Unit 8

24 Central Avenue

West Molesey

Surrey

KT8 2QH

REGISTERED NUMBER:

08070262 (England and Wales)

ACCOUNTANTS:

Times Accountancy Services Limited

Chartered Certified Accountants and

Registered Auditors

Alcala

Rectory Lane

Woodmansterne

Surrey

SM7 3NY

FIXED ASSETS

Tangible assets

4

63,079

72,417

CURRENT ASSETS

Stocks

8,360

8,230

Debtors

5

8,598

14,024

Cash at bank

90,858

34,971

107,816

57,225

CREDITORS

Amounts falling due within one year

6

122,554

76,861

NET CURRENT LIABILITIES

(14,738

)

(19,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,341

52,781

CREDITORS

Amounts falling due after more than one year

7

28,156

33,579

NET ASSETS

20,185

19,202

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

20,085

19,102

SHAREHOLDERS' FUNDS

20,185

19,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2026 and were signed by:

A J Montalbano - Director

1.	STATUTORY INFORMATION

TGM Motors 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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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

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 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

38,000

30,826

75,750

144,576

Additions

-

-

600

600

Disposals

-

-

(10,000

)

(10,000

)

At 31 July 2025

38,000

30,826

66,350

135,176

DEPRECIATION

At 1 August 2024

-

26,455

45,704

72,159

Charge for year

-

1,091

7,067

8,158

Eliminated on disposal

-

-

(8,220

)

(8,220

)

At 31 July 2025

-

27,546

44,551

72,097

NET BOOK VALUE

At 31 July 2025

38,000

3,280

21,799

63,079

At 31 July 2024

38,000

4,371

30,046

72,417

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

8,598

9,774

Other debtors

-

4,250

8,598

14,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

35,786

30,114

Taxation and social security

46,911

43,672

Other creditors

39,857

3,075

122,554

76,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

28,156

33,579

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

28,156

33,579

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 August 2024

19,102

Profit for the year

75,820

Dividends

(74,837

)

At 31 July 2025

20,085