TFG Capital Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09167389 (England and Wales)

TFG CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W S Ashton

J R Mortimore

REGISTERED OFFICE:

17 Jetstream Drive

Doncaster

South Yorkshire

DN9 3QS

REGISTERED NUMBER:

09167389 (England and Wales)

FIXED ASSETS

Tangible assets

4

14,763

3,829

CURRENT ASSETS

Debtors

1,166,905

630,946

Cash at bank and in hand

162,827

54,681

1,329,732

685,627

CREDITORS

Amounts falling due within one year

376,888

207,078

NET CURRENT ASSETS

952,844

478,549

TOTAL ASSETS LESS CURRENT LIABILITIES

967,607

482,378

PROVISIONS FOR LIABILITIES

2,542

332

NET ASSETS

965,065

482,046

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

964,965

481,946

SHAREHOLDERS' FUNDS

965,065

482,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 6 November 2017 and were signed on its behalf by:

J R Mortimore - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents amounts receivable in respect of arrangement fees, commissions and interest received.

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

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

5,227

Additions

14,975

At 31 August 2017

20,202

DEPRECIATION

At 1 September 2016

1,398

Charge for year

4,041

At 31 August 2017

5,439

NET BOOK VALUE

At 31 August 2017

14,763

At 31 August 2016

3,829

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Between one and five years

12,630

-

6.	FIRST YEAR ADOPTION

There are no adjustments required to the financial statements in respect of the first year adoption of Financial

Reporting Standard 102 applicable to small entities.