Company registration number 04042121 (England and Wales)
Tagg Contracting Limited
Unaudited Financial Statements
For the year ended 31 August 2025
PAGES FOR FILING WITH REGISTRAR
Tagg Contracting Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Tagg Contracting Limited
Balance Sheet
As at 31 August 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
442,185
128,088
Cash at bank and in hand
952
470
443,137
128,558
Creditors: amounts falling due within one year
4
(420,974)
(110,478)
Net current assets
22,163
18,080
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
21,163
17,080
Total equity
22,163
18,080

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 March 2026 and are signed on its behalf by:
Mr R Tagg
Mrs H G Tagg
Director
Director
Company registration number 04042121 (England and Wales)
Tagg Contracting Limited
Notes to the Financial Statements
For the year ended 31 August 2025
- 2 -
1
Accounting policies
Company information

Tagg Contracting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

Tagg Contracting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
- 3 -
2
Employees
2025
2024
Number
Number
Total
0
0

The company had no employees during the year.

3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
34,352
128,088
Amounts owed by group undertakings
407,833
-
0
442,185
128,088
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,915
59,141
Taxation and social security
27,901
17,005
Other creditors
382,158
34,332
420,974
110,478
5
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Group companies
612,207
1,773,959
Tagg Contracting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 August 2025
5
Related party transactions
(Continued)
- 4 -
Management charges payable
2025
2024
£
£
Group companies
105,000
210,000
2025
2024
Amounts due to related parties
£
£
Group companies
-
20,078

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Group companies
407,833
-
6
Parent company

The company's parent undertaking is Tagg Holdings Limited, a company incorporated in England and Wales.

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