REGISTERED NUMBER: 02641191 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

TAGFIRST RETAIL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Powell

REGISTERED OFFICE:

94 London Road

Burgess Hill

West Sussex

RH15 8NB

REGISTERED NUMBER:

02641191 (England and Wales)

ACCOUNTANTS:

Numis Limited

1st Floor Pentagon House

Wealden Ind Estate

Farningham Road

Crowborough

East Sussex

TN6 2JR

FIXED ASSETS

Tangible assets

4

955

1,193

CURRENT ASSETS

Stocks

5

500

2,400

Debtors

6

34,806

24,977

Cash at bank and in hand

10,992

15,517

46,298

42,894

CREDITORS

Amounts falling due within one year

7

14,362

26,455

NET CURRENT ASSETS

31,936

16,439

TOTAL ASSETS LESS CURRENT LIABILITIES

32,891

17,632

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

9

32,591

17,332

SHAREHOLDERS' FUNDS

32,891

17,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

M Powell - Director

1.	STATUTORY INFORMATION

Tagfirst Retail Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

2,684

7,099

23,107

32,890

DEPRECIATION

At 1 November 2024

1,951

6,973

22,773

31,697

Charge for year

146

25

67

238

At 31 October 2025

2,097

6,998

22,840

31,935

NET BOOK VALUE

At 31 October 2025

587

101

267

955

At 31 October 2024

733

126

334

1,193

5.

STOCKS

31.10.25

31.10.24

£

£

Goods for Re-sale

500

2,400

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

34,806

24,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

5,604

10,697

Taxation and social security

3,489

16

Other creditors

5,269

15,742

14,362

26,455

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

300

Ordinary

£1

300

300

9.

RESERVES

Retained

earnings

£

At 1 November 2024

17,332

Profit for the year

15,259

At 31 October 2025

32,591

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

£

M Powell

Balance outstanding at start of year

(11,642

)

(20,434

)

Amounts repaid

10,373

8,792

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,269

)

(11,642

)

Directors have loaned funds to the company to cover shortfalls in working capital. All Directors loans are interest free and are repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M Powell.