TGBN LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06929701 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

TGBN LTD

Previously known as

Pennine-Pack Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J S Mooney

Mrs E J Mooney

Miss M J Mooney

REGISTERED OFFICE:

Unit 15, Hebden Bridge Town Hall

St George's Street

Hebden Bridge

West Yorkshire

HX7 7BY

REGISTERED NUMBER:

06929701 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

465

750

CURRENT ASSETS

Debtors

6

1,073,518

152,155

Cash at bank

237,847

57,814

1,311,365

209,969

CREDITORS

Amounts falling due within one year

7

991,639

140,315

NET CURRENT ASSETS

319,726

69,654

TOTAL ASSETS LESS CURRENT LIABILITIES

320,191

70,404

PROVISIONS FOR LIABILITIES

8

88

143

NET ASSETS

320,103

70,261

CAPITAL AND RESERVES

Called up share capital

9

110

110

Retained earnings

319,993

70,151

SHAREHOLDERS' FUNDS

320,103

70,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 November 2019 and were signed on its behalf by:

J S Mooney - Director

1.	STATUTORY INFORMATION

TGBN 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2018

and 30 June 2019

308

1,054

8,959

10,321

DEPRECIATION

At 1 July 2018

237

737

8,597

9,571

Charge for year

10

63

212

285

At 30 June 2019

247

800

8,809

9,856

NET BOOK VALUE

At 30 June 2019

61

254

150

465

At 30 June 2018

71

317

362

750

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

1,072,494

42,297

Other debtors

380

104,550

Prepayments

644

5,308

1,073,518

152,155

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade creditors

196,007

1,130

Tax

77,425

20,149

Social security and other taxes

80,412

126

Directors' loan accounts

11,395

1,560

Accruals and deferred income

626,400

117,350

991,639

140,315

8.	PROVISIONS FOR LIABILITIES

30.6.19

30.6.18

£

£

Deferred tax

88

143

Deferred

tax

£

Balance at 1 July 2018

143

Provided during year

(55

)

Movement during the year

Balance at 30 June 2019

88

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.19

30.6.18

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary B

£1

10

10

110

110

10.	ULTIMATE CONTROLLING PARTY

The directors J S Mooney and E J Mooney control the company by virtue of their shareholding.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of TGBN LTD for the year ended 30 June 2019 which comprise the Statement of Income and

Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TGBN LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TGBN LTD and state those matters that we have agreed to state to the Board of Directors of TGBN LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TGBN LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TGBN LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TGBN LTD. You consider that TGBN LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TGBN LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

7 November 2019