Company registration number 08694902 (England and Wales)
TAG INDUSTRIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2025
PAGES FOR FILING WITH REGISTRAR
TAG INDUSTRIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TAG INDUSTRIES LIMITED
BALANCE SHEET
- 1 -
30 May 2025
31 May 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
115,283
153,791
Current assets
Debtors
4
1,549,783
2,008,722
Cash at bank and in hand
15,669
7,454
1,565,452
2,016,176
Creditors: amounts falling due within one year
5
(399,772)
(375,236)
Net current assets
1,165,680
1,640,940
Net assets
1,280,963
1,794,731
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,280,863
1,794,631
Total equity
1,280,963
1,794,731
For the financial year ended 30 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges her 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 director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 May 2026
S Cowan
Director
Company registration number 08694902 (England and Wales)
TAG INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2025
- 2 -
1
Accounting policies
Company information
TAG Industries Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sidings House, Siding Court, Lakeside, Doncaster, South Yorkshire, UK, DN4 5NU.
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.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Computers
25% Reducing Balance
Motor vehicles
25% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
2
TAG INDUSTRIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MAY 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 May 2024 and 30 May 2025
971,863
Depreciation and impairment
At 31 May 2024
818,072
Depreciation charged in the year
38,508
At 30 May 2025
856,580
Carrying amount
At 30 May 2025
115,283
At 30 May 2024
153,791
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
603,822
603,823
Other debtors
945,961
1,404,899
1,549,783
2,008,722
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
92,061
88,619
Taxation and social security
87,842
81,748
Other creditors
219,869
204,869
399,772
375,236