TGC 1 Limited - Accounts to registrar (filleted) - small 18.2

TGC 1 Limited - Accounts to registrar (filleted) - small 18.2

TGC 1 LIMITED - Company Information

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REGISTERED NUMBER: SC523199 (Scotland)


















Unaudited Financial Statements

for the Year Ended 28 February 2018

for

TGC 1 Limited
TGC 1 Limited (Registered number: SC523199)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TGC 1 Limited

Company Information
for the Year Ended 28 February 2018







DIRECTOR: A A Cochrane





REGISTERED OFFICE: Chapelshade House
78-84 Bell Street
Dundee
DD1 1HN





REGISTERED NUMBER: SC523199 (Scotland)





ACCOUNTANTS: MMG Archbold
Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Page 1
TGC 1 Limited (Registered number: SC523199)

Statement of Financial Position
28 February 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,750 17,750

CURRENT ASSETS
Debtors 5 48,852 14,656
Cash at bank - 34,259
48,852 48,915
CREDITORS
Amounts falling due within one year 6 71,544 71,544
NET CURRENT LIABILITIES (22,692 ) (22,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,942
)
(4,879
)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,042 ) (4,979 )
SHAREHOLDER FUNDS (4,942 ) (4,879 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 26 November 2018 and were signed by:





A A Cochrane - Director


The notes form part of these financial statements

Page 2
TGC 1 Limited (Registered number: SC523199)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

TGC 1 Limited is a private company, limited by shares , registered in Scotland. 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - over the unexpired lease term

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 9 ).

Page 3
TGC 1 Limited (Registered number: SC523199)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 March 2017
and 28 February 2018 17,750
NET BOOK VALUE
At 28 February 2018 17,750
At 28 February 2017 17,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 42,081 7,885
Other debtors 6,771 6,771
48,852 14,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings 63,528 63,528
Taxation and social security 2,594 -
Other creditors 5,422 8,016
71,544 71,544

Page 4