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REGISTERED NUMBER: 09706052 (England and Wales)








Unaudited Financial Statements

for the Period 1 November 2021 to 31 March 2023

for

TNW Limited

TNW Limited (Registered number: 09706052)






Contents of the Financial Statements
for the Period 1 November 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TNW Limited

Company Information
for the Period 1 November 2021 to 31 March 2023







DIRECTOR: A Harmieson





REGISTERED OFFICE: 4 Airview Park
Woolsington
Newcastle Upon Tyne
Tyne and Wear
NE13 8BR





REGISTERED NUMBER: 09706052 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

TNW Limited (Registered number: 09706052)

Balance Sheet
31 March 2023

31.3.23 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,094 9,855

CURRENT ASSETS
Stocks - 4,000
Debtors 5 44,222 21,621
Cash at bank 1,188 8,485
45,410 34,106
CREDITORS
Amounts falling due within one year 6 260,739 162,292
NET CURRENT LIABILITIES (215,329 ) (128,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(214,235

)

(118,331

)

CREDITORS
Amounts falling due after more than one year 7 20,118 32,333
NET LIABILITIES (234,353 ) (150,664 )

TNW Limited (Registered number: 09706052)

Balance Sheet - continued
31 March 2023

31.3.23 31.10.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (264,353 ) (180,664 )
(234,353 ) (150,664 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 16 November 2023 and were signed by:





A Harmieson - Director


TNW Limited (Registered number: 09706052)

Notes to the Financial Statements
for the Period 1 November 2021 to 31 March 2023

1. STATUTORY INFORMATION

TNW Limited 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.

The financial statements have been prepared on a going concern basis. This assumes that the company will continue to trade for the foreseeable future. In order to do so it relies on continued support from its directors, bank and creditors.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

In respect of long-term contracts and contracts for on-going services, turnover includes the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Fees invoiced are deducted from the value of work performed and the balance is disclosed separately in work in progress.

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 - 15% on reducing balance

Taxation
Taxation for the period 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 balance sheet date.


TNW Limited (Registered number: 09706052)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 (2021 - 6 ) .

TNW Limited (Registered number: 09706052)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2021 21,886
Disposals (19,170 )
At 31 March 2023 2,716
DEPRECIATION
At 1 November 2021 12,031
Charge for period 2,063
Eliminated on disposal (12,472 )
At 31 March 2023 1,622
NET BOOK VALUE
At 31 March 2023 1,094
At 31 October 2021 9,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.21
£    £   
Trade debtors 38,439 -
Other debtors 5,783 21,621
44,222 21,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.10.21
£    £   
Bank loans and overdrafts 8,622 8,622
Trade creditors 1,406 2,007
Taxation and social security - 8,397
Other creditors 250,711 143,266
260,739 162,292

TNW Limited (Registered number: 09706052)

Notes to the Financial Statements - continued
for the Period 1 November 2021 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.10.21
£    £   
Bank loans 20,118 32,333