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
Thomas Homes West Ltd
Company Information
for the year ended 28 February 2023
Company Number
07145938 (England and Wales)
Registered Office
Tyr Alice
Pen y Rhedyn
Clydach
Swansea
SA6 5SP
Thomas Homes West Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
156,637
42,975
Inventories
196,700
808,000
Cash at bank and in hand
287,468
110,491
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
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
Thomas Homes West Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Thomas Homes West Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
25,939
77,700
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
31,717
10,000
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).