TAG CATERING EQUIPMENT UK LIMITED - Accounts

TAG CATERING EQUIPMENT UK LIMITED - Accounts

TAG CATERING EQUIPMENT UK LIMITED - Company Information

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Registered Number: 03466417
England and Wales

 

 

 

TAG CATERING EQUIPMENT UK LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

TAG CATERING EQUIPMENT UK LIMITED
Contents Page
For the year ended 31 March 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
K & H Accountants Limited
31 March 2021



....................................................
K & H Accountants Limited
4 The Arches
Icknield Way
Letchworth Garden City
SG6 1UJ
12 December 2021
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 80,856    111,359 
Investments 260,182    256,939 
341,038    368,298 
Current assets      
Stocks 40,500    46,500 
Debtors 690,954    839,643 
Cash at bank and in hand 2,316,994    2,434,909 
3,048,448    3,321,052 
Creditors: amount falling due within one year (1,312,627)   (1,622,331)
Net current assets 1,735,821    1,698,721 
 
Total assets less current liabilities 2,076,859    2,067,019 
Net assets 2,076,859    2,067,019 
 

Capital and reserves 		     
Called up share capital 10    10 
Profit and loss account 2,076,849    2,067,009 
Shareholder's funds 2,076,859    2,067,019 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 December 2021 and were signed by:


--------------------------------
Martin Stephen Smith
Director
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General Information
TAG CATERING EQUIPMENT UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03466417, registration address UNIT 2 Modular Business Park, Norton Road, Stevenage, Herts, SG1 2FZ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25 Reducing Balance
Fixtures and Fittings 25 Reducing Balance
Computer Equipment 25 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 15 (2020 : 15).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2020 30,000    30,000 
Additions -    - 
Disposals -    - 
At 31 March 2021 30,000    30,000 
Amortisation
At 01 April 2020 30,000    30,000 
Charge for year -    - 
On disposals -    - 
At 31 March 2021 30,000    30,000 
Net book values
At 31 March 2021 -    - 
At 31 March 2020 -    - 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2020 221,017    41,323    63,848    326,188 
Additions -    1,142    -    1,142 
Disposals (24,051)   -    -    (24,051)
At 31 March 2021 196,966    42,465    63,848    303,279 
Depreciation
At 01 April 2020 148,404    23,049    43,376    214,829 
Charge for year 16,980    4,568    5,403    26,951 
On disposals (19,357)   -    -    (19,357)
At 31 March 2021 146,027    27,617    48,779    222,423 
Net book values
Closing balance as at 31 March 2021 50,939    14,848    15,069    80,856 
Opening balance as at 01 April 2020 72,613    18,274    20,472    111,359 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2020 260,182    260,182 
Additions -    - 
Transfer to/from Tangible fixed assets 0    0 
Disposals -    - 
At 31 March 2021 260,182    260,182 

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