REGISTERED NUMBER: SC651755 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

TGC Aberdeen North Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Krumins

SECRETARY:

Ms Z Krastina

REGISTERED OFFICE:

Norsea House Crawpeel Road

Altens

Aberdeen

United Kingdom

AB12 3LG

REGISTERED NUMBER:

SC651755 (Scotland)

ACCOUNTANTS:

Accountants Plus

Chartered Certified Accountants

Second Floor

Airbles House

270 Airbles Road

Motherwell

ML1 3AT

FIXED ASSETS

Tangible assets

4

16,863

18,631

CURRENT ASSETS

Debtors

5

368,595

317,080

Cash at bank

75,349

7,573

443,944

324,653

CREDITORS

Amounts falling due within one year

6

457,448

310,809

NET CURRENT (LIABILITIES)/ASSETS

(13,504

)

13,844

TOTAL ASSETS LESS CURRENT LIABILITIES

3,359

32,475

CREDITORS

Amounts falling due after more than one year

7

-

(29,302

)

PROVISIONS FOR LIABILITIES

(2,607

)

(2,607

)

NET ASSETS

752

566

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

652

466

752

566

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2026 and were signed by:

I Krumins - Director

1.	STATUTORY INFORMATION

TGC Aberdeen North Limited is a private company, limited by shares , registered in Scotland. 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.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances

Cash and bank balances are measured at the transaction price.

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 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.

Hire purchase and leasing commitments

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 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 68 (2024 - 68 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

41,898

Additions

5,885

At 31 December 2025

47,783

DEPRECIATION

At 1 January 2025

23,267

Charge for year

7,653

At 31 December 2025

30,920

NET BOOK VALUE

At 31 December 2025

16,863

At 31 December 2024

18,631

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

215,741

163,056

Directors' current accounts

114,227

114,451

Tax

38,627

38,627

Prepayments and accrued income

-

946

368,595

317,080

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

125,790

45,904

Other loans

16,317

3,317

Hire purchase contracts

-

575

Trade creditors

54,789

32,701

Tax

38,020

38,693

Social security and other taxes

103,934

62,379

Pension creditor

17,718

14,739

Net wage creditor

36,632

50,333

VAT

57,176

53,256

Accruals and deferred income

7,072

8,912

457,448

310,809

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 1-2 years

-

29,302