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Company Registration No. 07145938 (England and Wales)
Thomas Homes West Ltd Unaudited accounts for the year ended 28 February 2023
Thomas Homes West Ltd Unaudited accounts Contents
Page
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Thomas Homes West Ltd Company Information for the year ended 28 February 2023
Director
D R Thomas
Company Number
07145938 (England and Wales)
Registered Office
Tyr Alice Pen y Rhedyn Clydach Swansea SA6 5SP
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Thomas Homes West Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
156,637 
42,975 
Current assets
Inventories
196,700 
808,000 
Debtors
26,339 
79,600 
Cash at bank and in hand
287,468 
110,491 
510,507 
998,091 
Creditors: amounts falling due within one year
(307,336)
(546,229)
Net current assets
203,171 
451,862 
Total assets less current liabilities
359,808 
494,837 
Creditors: amounts falling due after more than one year
(58,283)
(294,711)
Net assets
301,525 
200,126 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
301,524 
200,125 
Shareholders' funds
301,525 
200,126 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2023 and were signed on its behalf by
D R Thomas Director Company Registration No. 07145938
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Thomas Homes West Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Thomas Homes West Ltd is a private company, limited by shares, registered in England and Wales, registration number 07145938. The registered office is Tyr Alice, Pen y Rhedyn, Clydach, Swansea, SA6 5SP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2022
- 
16,689 
82,447 
5,884 
105,020 
Additions
83,650 
221 
56,495 
1,848 
142,214 
Disposals
- 
- 
(19,851)
- 
(19,851)
At 28 February 2023
83,650 
16,910 
119,091 
7,732 
227,383 
Depreciation
At 1 March 2022
- 
11,452 
47,038 
3,555 
62,045 
Charge for the year
- 
1,364 
18,013 
1,044 
20,421 
On disposals
- 
- 
(11,720)
- 
(11,720)
At 28 February 2023
- 
12,816 
53,331 
4,599 
70,746 
Net book value
At 28 February 2023
83,650 
4,094 
65,760 
3,133 
156,637 
At 28 February 2022
- 
5,237 
35,409 
2,329 
42,975 
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Thomas Homes West Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,939 
77,700 
Other debtors
400 
1,900 
26,339 
79,600 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
62,491 
54,852 
Obligations under finance leases and hire purchase contracts
10,572 
4,363 
Trade creditors
142,591 
146,478 
Taxes and social security
67,036 
49,641 
Other creditors
11,499 
248,816 
Loans from directors
1,107 
26,688 
Accruals
2,040 
5,391 
307,336 
546,229 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,566 
36,874 
Obligations under finance leases and hire purchase contracts
31,717 
10,000 
Other creditors
- 
247,837 
58,283 
294,711 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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