REGISTERED NUMBER: 06525820 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

TGS Products Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R A Gidden

Mrs R C Gidden

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

06525820 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

401

-

CURRENT ASSETS

Stocks

120,031

13,001

Debtors

5

823,539

978,216

Cash at bank

126,557

3,552

1,070,127

994,769

CREDITORS

Amounts falling due within one year

6

918,753

864,133

NET CURRENT ASSETS

151,374

130,636

TOTAL ASSETS LESS CURRENT LIABILITIES

151,775

130,636

CREDITORS

Amounts falling due after more than one year

7

107,807

-

NET ASSETS

43,968

130,636

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,868

130,536

43,968

130,636

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

R A Gidden - Director

1.	STATUTORY INFORMATION

TGS Products 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.

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 etc

-

25% on cost

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 Income Statement, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

520

At 31 December 2025

520

DEPRECIATION

Charge for year

119

At 31 December 2025

119

NET BOOK VALUE

At 31 December 2025

401

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

314,491

314,805

Other debtors

389,680

575,946

704,171

890,751

Amounts falling due after more than one year:

Other debtors

119,368

87,465

Aggregate amounts

823,539

978,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

72,193

79,150

Trade creditors

483,305

424,858

Taxation and social security

85,277

87,789

Other creditors

277,978

272,336

918,753

864,133

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

107,807

-

8.	SECURED DEBTS

Praetura Invoice Finance Limited have a fixed and floating charge over all the property and undertakings of the Company together with a negative pledge.

Iwoca Ltd has a personal guarantee held with the director R A Gidden against the loan facility of £160,000 owed at 31 December 2025, together with any interest and charges,

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2025, R A Gidden, the director owed the company £355,969 (2024 : £261,442). This loan is interest free and repayable on demand. The maximum amount outstanding in the period was £355,969.

10.	RELATED PARTY DISCLOSURES

As at 31 December 2025 the company owed £27,974 to Dynamo 44 Ltd (2024 ; £312,252 due from Dynamo 44 Ltd), a company controlled by the Director R A Gidden. This loan is interest free and repayable on demand.