Thilway Limited
Registered number: 08394727
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,432 2,482
Current assets
Cash at bank and in hand 48,334 1,211
Creditors: amounts falling due within one year 4 (22,811) (815)
Net current assets 25,523 396
Net assets 30,955 2,878
Capital and reserves
Called up share capital 1 1
Profit and loss account 30,954 2,877
Shareholders' funds 30,955 2,878
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F. Manful
Director
Approved by the board on 15 November 2023
Thilway Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 8,028
Additions 4,308
At 28 February 2023 12,336
Depreciation
At 1 March 2022 5,546
Charge for the year 1,358
At 28 February 2023 6,904
Net book value
At 28 February 2023 5,432
At 28 February 2022 2,482
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 16,495 270
Other taxes and social security costs 6,316 545
22,811 815
5 Other information
Thilway Limited is a private company limited by shares and incorporated in England. Its registered office is:
29a Plough Lane
Purley
CR8 3QG
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