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REGISTERED NUMBER: 05390925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

TCWS LTD
TRADING AS
THE CREATIVE WORKSHOP

TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TCWS LTD
TRADING AS THE CREATIVE WORKSHOP

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Sturgeon





SECRETARY: Mrs S Sturgeon





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 05390925 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,241 2,048

CURRENT ASSETS
Debtors 5 24,013 32,107
Cash at bank and in hand 3,248 2,658
27,261 34,765
CREDITORS
Amounts falling due within one year 6 17,061 20,047
NET CURRENT ASSETS 10,200 14,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,441

16,766

CREDITORS
Amounts falling due after more than one
year

7

(11,911

)

(16,282

)

PROVISIONS FOR LIABILITIES (426 ) (389 )
NET ASSETS 104 95

CAPITAL AND RESERVES
Called up share capital 8 90 90
Retained earnings 14 5
SHAREHOLDERS' FUNDS 104 95

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Statement of Financial Position - continued
31 March 2023


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 director and authorised for issue on 11 October 2023 and were signed by:





C Sturgeon - Director


TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

TCWS 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 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.
Plant and machinery etc - 25% on cost

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.

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 4 (2022 - 4 ) .

TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 51,901
Additions 1,469
At 31 March 2023 53,370
DEPRECIATION
At 1 April 2022 49,853
Charge for year 1,276
At 31 March 2023 51,129
NET BOOK VALUE
At 31 March 2023 2,241
At 31 March 2022 2,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 22,889 19,475
Other debtors 1,124 12,632
24,013 32,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts - 3,802
Trade creditors 1,195 396
Taxation and social security 12,380 10,690
Other creditors 3,486 5,159
17,061 20,047

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 11,911 16,282

TCWS LTD (REGISTERED NUMBER: 05390925)
TRADING AS THE CREATIVE WORKSHOP

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
40 Ordinary £1 40 40
25 A Ordinary £1 25 25
25 B Ordinary £1 25 25
90 90

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023, the company was owed £1,124 by Mr Colin Sturgeon , the sole director of the company. The loan was repaid on 28 September 2023.