TG Associates Limited - Filleted accounts

Registered number

07567646

TG Associates Limited

Filleted Accounts

31 March 2026

TG Associates Limited
Registered number:		07567646
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		48,482			58,178

Current assets
Debtors	5	402,268			416,273
Cash at bank and in hand		87,086			65,191
		489,354			481,464

Creditors: amounts falling due within one year	6	(315,837)			(326,229)

Net current assets			173,517			155,235

Net assets			221,999			213,413

Capital and reserves
Called up share capital			200			200
Share premium			100			100
Profit and loss account			221,699			213,113

Shareholders' funds			221,999			213,413

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ritesh Gudka & Sanjay Magecha
Director
Approved by the board on 8 September 2026

TG Associates Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Plant and machinery	100% in first year
	Fixtures, fittings, tools and equipment	100% in first year

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		10


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2025					1,033,697
	At 31 March 2026					1,033,697

	Amortisation
	At 1 April 2025					975,519
	Provided during the year					9,696
	At 31 March 2026					985,215

	Net book value
	At 31 March 2026					48,482
	At 31 March 2025					58,178

	Goodwill is being written off over its estimated economic life.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	17,181		99,705		116,886
	Additions	-		17,741		17,741
	At 31 March 2026	17,181		117,446		134,627

	Depreciation
	At 1 April 2025	17,181		99,705		116,886
	Charge for the year	-		17,741		17,741
	At 31 March 2026	17,181		117,446		134,627

	Net book value
	At 31 March 2026	-		-		-


5	Debtors			2026		2025
£					£

	Trade debtors			328,931		284,453
	Other debtors			73,337		131,820
				402,268		416,273


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Taxation and social security costs			196,390		175,957
	Other creditors			119,447		150,272
				315,837		326,229


7	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			88,000		110,000


8	Controlling party

	Mr R Gudka and his spouse and Mr S Magecha and his spouse are the controlling party in view of them owning 100% shares via their respective holding company.


9	Other information

	TG Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	7 Jardine House
	Harrovian Business Village
	Bessborough Road
	Harrow, Middlesex
	HA1 3EX