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Company Registration No. 07146690 (England and Wales)
Twigg Builders Ltd Unaudited accounts for the year ended 28 February 2023
Twigg Builders Ltd Unaudited accounts Contents
Page
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Twigg Builders Ltd Company Information for the year ended 28 February 2023
Director
A H Twigg
Company Number
07146690 (England and Wales)
Registered Office
9 Hurlston Place Somerford Congleton Cheshire CW12 4XG
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Twigg Builders Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,149 
16,141 
Current assets
Inventories
745 
680 
Debtors
4,982 
4,982 
Cash at bank and in hand
31,151 
55,642 
36,878 
61,304 
Creditors: amounts falling due within one year
(26,202)
(55,284)
Net current assets
10,676 
6,020 
Total assets less current liabilities
24,825 
22,161 
Provisions for liabilities
Deferred tax
(2,688)
(3,066)
Net assets
22,137 
19,095 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,136 
19,094 
Shareholders' funds
22,137 
19,095 
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 29 November 2023 and were signed on its behalf by
A H Twigg Director Company Registration No. 07146690
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Twigg Builders Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Twigg Builders Ltd is a private company, limited by shares, registered in England and Wales, registration number 07146690. The registered office is 9 Hurlston Place, Somerford, Congleton, Cheshire, CW12 4XG.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% per annum on net book value
Computer equipment
33% per annum on cost
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Twigg Builders Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
49,918 
945 
50,863 
At 28 February 2023
49,918 
945 
50,863 
Depreciation
At 1 March 2022
34,062 
660 
34,722 
Charge for the year
1,851 
141 
1,992 
At 28 February 2023
35,913 
801 
36,714 
Net book value
At 28 February 2023
14,005 
144 
14,149 
At 28 February 2022
15,856 
285 
16,141 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,982 
4,982 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,226 
4,453 
Loans from directors
16,246 
37,203 
Accruals
976 
930 
Deferred income
6,754 
12,698 
26,202 
55,284 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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