TGA Consulting Engineers LLP - Accounts to registrar (filleted)

REGISTERED NUMBER: OC329072 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

TGA Consulting Engineers LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

G J Carr

J S Jobes

S T Graham

REGISTERED OFFICE:

Suite 5C West One

Forth Banks

Newcastle upon Tyne

NE1 3PA

REGISTERED NUMBER:

OC329072 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Kepier House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

4

112,280

160,100

CURRENT ASSETS

Stocks

85,376

60,980

Debtors

5

881,948

1,030,814

Cash at bank

5,168

-

972,492

1,091,794

CREDITORS

Amounts falling due within one year

6

(686,928

)

(834,949

)

NET CURRENT ASSETS

285,564

256,845

TOTAL ASSETS LESS CURRENT
LIABILITIES

397,844

416,945

CREDITORS

Amounts falling due after more than one
year

7

(103,168

)

(121,356

)

NET ASSETS ATTRIBUTABLE TO
MEMBERS

294,676

295,589

LOANS AND OTHER DEBTS DUE TO
MEMBERS

36,108

37,021

MEMBERS' OTHER INTERESTS

Capital accounts

258,568

294,676

295,589

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

36,108

37,021

Members' other interests

258,568

Amounts due from members

5

(543,239

)

(360,177

)

(248,563

)

(64,588

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 June 2026 and were signed by:

G J Carr - Designated member

1.	STATUTORY INFORMATION

TGA Consulting Engineers LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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 been consistently applied within the same accounts.

The financial statements have been prepared on a basis other than going concern. The trade and assets have been sold post year-end as disclosed in note 10.

Turnover

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

Income recognition

Income is recognised as the service is completed. Any unbilled income at they year end is recognised via work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment Durham

-

16.67% on cost

Office equipment Stevenage

-

16.67% on cost

Motor vehicles Durham

-

25% on cost

Motor vehicles Stevenage

-

25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants

Revenue based grants are credited to the profit and loss account in the period to which they relate.

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 26 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Durham

Stevenage

Durham

Stevenage

Totals

£

COST

At 1 July 2024

84,106

21,742

144,352

46,215

296,415

Additions

1,594

-

1,594

At 30 June 2025

85,700

21,742

144,352

46,215

298,009

DEPRECIATION

At 1 July 2024

57,093

21,462

51,020

6,740

136,315

Charge for year

7,418

268

30,174

11,554

49,414

At 30 June 2025

64,511

21,730

81,194

18,294

185,729

NET BOOK VALUE

At 30 June 2025

21,189

12

63,158

27,921

112,280

At 30 June 2024

27,013

280

93,332

39,475

160,100

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

Durham

Stevenage

Totals

£

COST

At 1 July 2024

144,352

46,215

190,567

Transfer to ownership

(23,657

)

-

(23,657

)

At 30 June 2025

120,695

46,215

166,910

DEPRECIATION

At 1 July 2024

51,020

6,740

57,760

Charge for year

30,174

11,554

41,728

Transfer to ownership

(23,657

)

-

(23,657

)

At 30 June 2025

57,537

18,294

75,831

NET BOOK VALUE

At 30 June 2025

63,158

27,921

91,079

At 30 June 2024

93,332

39,475

132,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

290,135

638,774

Amounts due from members

543,239

360,177

Other debtors

23,895

Prepayments and accrued income

24,679

7,968

881,948

1,030,814

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

46,108

207,196

Hire purchase contracts (see note 8)

18,188

17,142

Trade creditors

109,771

97,211

Amounts owed to group undertakings

265,878

282,097

Social security and other taxes

113,201

124,746

Other creditors

4,426

5,480

Invoice factoring

92,113

-

Accrued expenses

37,243

101,077

686,928

834,949

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts (see note 8)

103,168

121,356

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

18,188

17,142

Between one and five years

103,168

121,356

138,498

Non-cancellable

operating leases

2025

2024

£

Within one year

80,570

85,357

Between one and five years

151,373

203,949

231,943

289,306

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank overdraft

-

133,639

Hire purchase contracts

121,356

138,498

Invoice factoring

92,113

-

213,469

272,137

The bank overdraft is secured over all of the assets of the LLP.

Hire purchase contracts are secured on the assets to which they relate.

Invoice factoring is secured by a fixed and floating charge over all of the assets of the LLP.

10.	POST BALANCE SHEET EVENTS

On 19 June 2026, the company completed the sale of its trade and associated assets to GSBC Group.

The transaction represents a significant change in the company’s operations going forward. The results and financial position at the balance sheet date do not reflect this transaction as it occurred after the reporting period.