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REGISTERED NUMBER: 07505505 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2023

for

TWK Ltd

TWK Ltd (Registered number: 07505505)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

TWK Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R Khan
I A Khan





REGISTERED OFFICE: 7 Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 07505505 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

TWK Ltd (Registered number: 07505505)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,563 21,076
Tangible assets 5 704,084 675,713
721,647 696,789

CURRENT ASSETS
Debtors 6 1,202,300 1,080,467
Cash at bank 8,312 -
1,210,612 1,080,467
CREDITORS
Amounts falling due within one year 7 983,499 877,351
NET CURRENT ASSETS 227,113 203,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

948,760

899,905

CREDITORS
Amounts falling due after more than one
year

8

232,758

259,469
NET ASSETS 716,002 640,436

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 715,902 640,336
SHAREHOLDERS' FUNDS 716,002 640,436

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

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

TWK Ltd (Registered number: 07505505)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2023 and were signed on its behalf by:





R Khan - Director


TWK Ltd (Registered number: 07505505)

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

1. STATUTORY INFORMATION

TWK 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.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of thirteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

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 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.

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.

TWK Ltd (Registered number: 07505505)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 43,907
AMORTISATION
At 1 February 2022 22,831
Charge for year 3,513
At 31 January 2023 26,344
NET BOOK VALUE
At 31 January 2023 17,563
At 31 January 2022 21,076

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 558,712 211,474 5,612
Additions - 98,455 -
Disposals - (27,719 ) -
At 31 January 2023 558,712 282,210 5,612
DEPRECIATION
At 1 February 2022 12,426 136,608 5,587
Charge for year - 50,453 25
Eliminated on disposal - (12,890 ) -
At 31 January 2023 12,426 174,171 5,612
NET BOOK VALUE
At 31 January 2023 546,286 108,039 -
At 31 January 2022 546,286 74,866 25

TWK Ltd (Registered number: 07505505)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 62,078 11,031 848,907
Additions - 3,610 102,065
Disposals - - (27,719 )
At 31 January 2023 62,078 14,641 923,253
DEPRECIATION
At 1 February 2022 15,420 3,153 173,194
Charge for year 5,459 2,928 58,865
Eliminated on disposal - - (12,890 )
At 31 January 2023 20,879 6,081 219,169
NET BOOK VALUE
At 31 January 2023 41,199 8,560 704,084
At 31 January 2022 46,658 7,878 675,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 360,273 394,653
Other debtors 842,027 630,598
Tax - 55,216
1,202,300 1,080,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 127,291 129,559
Other loan 6,500 87,536
Trade creditors 58,150 66,325
Tax 28,354 129,379
Social security and other taxes 4,833 7,424
VAT 92,886 46,359
Other creditors 255,763 29,651
Directors' current accounts 382,564 352,830
Accruals and provisions 27,158 28,288
983,499 877,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Other loans - 2-5 years 232,758 259,469

TWK Ltd (Registered number: 07505505)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary Shares 100 100 100

10. RELATED PARTY DISCLOSURES

Included in the other creditors is the sum of £382,564 (2022 : £352,880) due to the director R Khan. This is an interest-free loan and is repayable on demand.
Included in the other debtors is the sum of £322,645 (2022 : £335,811) and £236,672 (2022 : £123,792) due from RWK Properties Ltd and Castle Mount Properties Ltd respectively. R Khan controls RWK Properties Ltd and Castle Mount Properties Ltd by virtue of his shareholding in the companies. The loan is an interest-free loan and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

R Khan is the ultimate controlling party by virtue of his shareholding in the company.

12. CHARGES

Lloyds Bank Plc holds fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixture, fixed plant & machinery.

TWK Ltd

Report of the Accountants to the Directors of
TWK Ltd

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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP


8 September 2023