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Company Registration No. 11867344 (England and Wales)
TG Racing Limited Unaudited accounts for the year ended 31 March 2026
TG Racing Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TG Racing Limited Company Information for the year ended 31 March 2026
Directors
Howard James Goodman Toby Elliot Goodman
Company Number
11867344 (England and Wales)
Registered Office
Elmfield House New Yatt Road WITNEY OX28 1PB United Kingdom
Accountants
Aventae Ltd Elmfield House New Yatt Road WITNEY Oxon OX28 1PB
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TG Racing Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
222
472
Current assets
Debtors
5
2,595
1,580
Cash at bank and in hand
341
39
2,936
1,619
Creditors: amounts falling due within one year
6
(130,828)
(120,740)
Net current liabilities
(127,892)
(119,121)
Net liabilities
(127,670)
(118,649)
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
(127,672)
(118,651)
Shareholders' funds
(127,670)
(118,649)
For the year ending 31 March 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by
Howard James Goodman Director Company Registration No. 11867344
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TG Racing Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
TG Racing Limited is a private company, limited by shares, registered in England and Wales, registration number 11867344. The registered office is Elmfield House, New Yatt Road, WITNEY, OX28 1PB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pound sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% SLB
Computer equipment
20% SLB
Going concern
The company has the ongoing support of it's directors in order for it to meet the working capital requirements for the foreseeable future. For this reason, the directors consider that the accounts should be prepared using the going concern basis.
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TG Racing Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
3,794
616
4,410
At 31 March 2026
3,794
616
4,410
Depreciation
At 1 April 2025
3,668
270
3,938
Charge for the year
126
124
250
At 31 March 2026
3,794
394
4,188
Net book value
At 31 March 2026
-
222
222
At 31 March 2025
126
346
472
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
-
147
Trade debtors
1,568
540
Accrued income and prepayments
1,027
893
2,595
1,580
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
193
-
Trade creditors
-
480
Loans from directors
130,358
119,866
Accruals
277
394
130,828
120,740
7
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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