TFG Capital Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09167389 (England and Wales)

TFG CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

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

19,382

17,503

Investments

5

100

-

19,482

17,503

CURRENT ASSETS

Debtors

1,338,519

1,197,904

Cash at bank and in hand

977,256

1,277,056

2,315,775

2,474,960

CREDITORS

Amounts falling due within one year

940,497

976,348

NET CURRENT ASSETS

1,375,278

1,498,612

TOTAL ASSETS LESS CURRENT LIABILITIES

1,394,760

1,516,115

PROVISIONS FOR LIABILITIES

3,456

3,049

NET ASSETS

1,391,304

1,513,066

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,391,204

1,512,966

SHAREHOLDERS' FUNDS

1,391,304

1,513,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 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 and authorised for issue on 22 May 2020 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 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 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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 8 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

27,620

Additions

8,413

At 31 August 2019

36,033

DEPRECIATION

At 1 September 2018

10,117

Charge for year

6,534

At 31 August 2019

16,651

NET BOOK VALUE

At 31 August 2019

19,382

At 31 August 2018

17,503

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

100

At 31 August 2019

100

NET BOOK VALUE

At 31 August 2019

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

TFG Capital No.2 Limited

Registered office: 17 Jetstream Drive,Doncaster,DN9 3QS

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

6.	LEASING AGREEMENTS

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

2019

2018

£

£

Within one year

1,720

-

Between one and five years

5,040

15,994

6,760

15,994

7.	OTHER FINANCIAL COMMITMENTS

There is a cross-guarantee in place in respect of a bank loan with an associated company. This is secured by a

fixed and floating charge on the assets of the company.