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
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
TG Racing Limited
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
341
39
Creditors: amounts falling due within one year
(130,828)
(120,740)
Net current liabilities
(127,892)
(119,121)
Net liabilities
(127,670)
(118,649)
Called up share capital
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
TG Racing Limited
Notes to the Accounts
for the year ended 31 March 2026
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pound sterling.
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:
Computer equipment
20% SLB
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.
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
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
At 31 March 2026
-
222
222
At 31 March 2025
126
346
472
Amounts falling due within one year
Accrued income and prepayments
1,027
893
6
Creditors: amounts falling due within one year
2026
2025
Loans from directors
130,358
119,866
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).