TGR (Import & Export) UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09205617 (England and Wales)

TGR (Import & Export) UK Ltd

Financial Statements

for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Miller

F Morris

C B Paterson-Brown

SECRETARY:

R R Law

REGISTERED OFFICE:

Suite B, Fairgate House

205 Kings Road

Tyseley

Birmingham

B11 2AA

REGISTERED NUMBER:

09205617 (England and Wales)

SENIOR STATUTORY AUDITOR:

Kevin Cattanach

AUDITORS:

Whitelaw Wells

Statutory Auditor

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

6 Picardy Place

Edinburgh

EH1 3JT

SOLICITORS:

CMS Cameron McKenna LLP

Saltire Court

20 Castle Terrace

Edinburgh

EH1 2EN

FIXED ASSETS

Tangible assets

4

2

5,203

CURRENT ASSETS

Stocks

93,694

-

Debtors

5

164,038

385,316

Cash at bank

138

-

257,870

385,316

CREDITORS

Amounts falling due within one year

6

123,662

280,503

NET CURRENT ASSETS

134,208

104,813

TOTAL ASSETS LESS CURRENT LIABILITIES

134,210

110,016

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

132,210

108,016

SHAREHOLDERS' FUNDS

134,210

110,016

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.

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 on 30 May 2019 and were signed on its behalf by:

T Miller - Director

1.	STATUTORY INFORMATION

TGR (Import & Export) UK Ltd 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 represents amounts invoiced for the provision of building, engineering and agricultural

goods, after the deduction of trade discounts and value added tax. Revenue is recognised when the

goods are accepted by the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

All fixed assets are initially recorded at cost.

Stocks

Stock is recorded at the lower of cost and realisable value. Goods are shipped directly to the

customer and are recorded in stock for the period from the bill of lading date to the date of delivery

to the customer.

Financial instruments

Financial assets and liabilities are initially recorded at fair value and are recognised when the

company becomes a party to the contractual provisions of the instruments. Transactions cost that

are directly attributable to the acquisition or issue of financial assets and liabilities are added to or

deducted from the fair value of the assets of liabilities, as appropriate, on the initial recognition.

The company's financial assets are all classified as 'loans and receivables', which are non-derivative

assets with fixed or determinable payments that are not quoted in an active market.

Loans and receivables (including trade, bank balances and cash) and all financial liabilities (including

bank overdrafts, trade creditors and accruals) are subsequently measured at amortised cost using

the effective interest method. The effective interest rate is the rate that exactly discounts

estimated future cash flows over the life of the financial assets or liability to the net carrying

amount on initial recognition. Discounting is not applied to short-term receivables and payables,

where the effect is immaterial.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate

of exchange ruling at the date of transaction. Exchange differences are taken into account in

arriving at the operating result.

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2018

and 31 December 2018

20,143

971

21,114

DEPRECIATION

At 1 January 2018

15,108

803

15,911

Charge for year

5,034

167

5,201

At 31 December 2018

20,142

970

21,112

NET BOOK VALUE

At 31 December 2018

1

1

2

At 31 December 2017

5,035

168

5,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

159,921

376,095

Deferred tax asset

2,744

2,022

Prepayments

1,373

7,199

164,038

385,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

25,313

Trade creditors

4,905

4,268

Amounts owed to group undertakings

101,975

209,428

Corporation tax

6,431

13,483

VAT

6,551

16,983

Accrued expenses

3,800

11,028

123,662

280,503

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Cattanach (Senior Statutory Auditor)

for and on behalf of Whitelaw Wells

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is TGR (Import & Export) Limited.

The ultimate parent company is DFW 1928 Limited.

The ultimate controlling party is Kenneth Paterson-Brown.