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Company Registration No. SC422961 (Scotland)
Tg Energy Services Limited Unaudited accounts for the year ended 31 May 2025
Tg Energy Services Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Tg Energy Services Limited Company Information for the year ended 31 May 2025
Directors
G A Olley J Olley D Ashcroft
Company Number
SC422961 (Scotland)
Registered Office
T G Energy Services Ltd 6a York Street Aberdeen Aberdeenshire AB11 5DD Scotland
- 3 -
Tg Energy Services Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
63,059
40,092
Current assets
Inventories
18,000
18,000
Debtors
5
605,898
623,153
Cash at bank and in hand
(46,622)
20,171
577,276
661,324
Creditors: amounts falling due within one year
6
(302,798)
(405,442)
Net current assets
274,478
255,882
Net assets
337,537
295,974
Capital and reserves
Called up share capital
100
100
Profit and loss account
337,437
295,874
Shareholders' funds
337,537
295,974
For the year ending 31 May 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 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 25 May 2026 and were signed on its behalf by
G A Olley Director Company Registration No. SC422961
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Tg Energy Services Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Tg Energy Services Limited is a private company, limited by shares, registered in Scotland, registration number SC422961. The registered office is T G Energy Services Ltd, 6a York Street, Aberdeen, Aberdeenshire, AB11 5DD, Scotland.
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Turnover represents the value of goods sold and services provided during the year, stated net of value added
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:
Land & buildings
Over 20 years
Plant & machinery
Over 3 to 5 years
Motor vehicles
Over 4 years
Stock
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition
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Tg Energy Services Limited Notes to the Accounts for the year ended 31 May 2025
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax; Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax; Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differences.
Retirement Benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
45,387
23,518
28,495
-
97,400
Additions
-
-
28,999
2,158
31,157
Disposals
-
-
(13,995)
-
(13,995)
At 31 May 2025
45,387
23,518
43,499
2,158
114,562
Depreciation
At 1 June 2024
5,295
23,518
28,495
-
57,308
Charge for the year
2,269
121
5,800
-
8,190
On disposals
-
-
(13,995)
-
(13,995)
At 31 May 2025
7,564
23,639
20,300
-
51,503
Net book value
At 31 May 2025
37,823
(121)
23,199
2,158
63,059
At 31 May 2024
40,092
-
-
-
40,092
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
593,515
610,770
Other debtors
12,383
12,383
605,898
623,153
- 6 -
Tg Energy Services Limited Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
15,397
-
Trade creditors
152,587
131,076
Taxes and social security
75,690
72,101
Other creditors
59,124
202,265
302,798
405,442
7
Operating lease commitments
2025
2024
£
£
At 31 May 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
41,664
12,000
8
Transactions with related parties
Dividends totalling £59,040 (2024 - £111,740) were paid in the year in respect of shares held by the company's directors. As at 31 May 2024, the company was due to the directors amounts totalling £35,384 (2024 - £98,548). These amounts are interest free with no set repayment terms.
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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