TGBM LIMITED,Ltd - AccountsLtd - Accounts

TGBM LIMITED,Ltd - AccountsLtd - Accounts

TGBM LTD - Company Information

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2017-01-01 07106038 2017-12-31 07106038 2017-01-01 2017-12-31 07106038 2016-12-31 07106038 2016-01-01 2016-12-31 07106038 uk-core:WithinOneYear 2016-12-31 07106038 uk-core:WithinOneYear 2017-12-31 07106038 uk-core:AfterOneYear 2016-12-31 07106038 uk-core:AfterOneYear 2017-12-31 07106038 uk-core:ShareCapital 2017-12-31 07106038 uk-core:ShareCapital 2016-12-31 07106038 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 07106038 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 07106038 uk-bus:Director1 2017-01-01 2017-12-31 iso4217:GBP 07106038 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 07106038 uk-bus:FRS102 2017-01-01 2017-12-31 07106038 uk-bus:FullAccounts 2017-01-01 2017-12-31 07106038 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
TGBM LIMITED
Registered Number:07106038
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
TGBM LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
TGBM LIMITED
Statement of Financial Position
Registered Number :
07106038
£
£
2016
2017
Notes
Current assets
Inventories
3,404
6,484
2
Trade and other receivables
19,441
19,081
3
7,249
Cash and cash equivalents
7,649
33,214
30,094
Trade and other payables: amounts falling due within one
year
(2,367)
(1,611)
4
27,727
31,603
Net current assets
Total assets less current liabilities
31,603
27,727
Trade and other payables: amounts falling due after more
than one year
(35,000)
(35,000)
5
(3,397)
Net liabilities
(7,273)
Capital and reserves
Called up share capital
2
2
Retained earnings
(3,399)
(7,275)
(3,397)
(7,273)
Shareholders' funds
For the year ended 31 December 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Garry Whitney Director
These financial statements were approved and authorised for issue by the Board on 12 September 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2017
TGBM LIMITED
Notes to the Financial Statements
Statutory Information
TGBM LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number
07106038.
Registered address:
UNIT 29
West Lancs Invest Centre
Skelmersdale
Lancs
WN8 9TG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Inventories
2016
2017
£
£
Stocks
6,484
3,404
3. Trade and other receivables
2016
2017
£
£
Trade debtors
18,057
19,441
Other debtors
1,024
-
19,441
19,081
2 of 3
5
For the year ended 31 December 2017
TGBM LIMITED
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
1,611
391
Other creditors
-
1,976
1,611
2,367
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
35,000
35,000
3 of 3