1 September 2022 v2024.2.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP109216052022-09-012023-08-31109216052023-08-31109216052022-08-3110921605core:WithinOneYear2023-08-3110921605core:WithinOneYear2022-08-3110921605core:AfterOneYear2023-08-3110921605core:AfterOneYear2022-08-3110921605core:ShareCapital2023-08-3110921605core:ShareCapital2022-08-3110921605core:RetainedEarningsAccumulatedLosses2023-08-3110921605core:RetainedEarningsAccumulatedLosses2022-08-3110921605bus:Director12022-09-012023-08-3110921605bus:RegisteredOffice2022-09-012023-08-3110921605core:MotorVehicles2022-09-012023-08-31109216052021-09-012022-08-3110921605core:PlantMachinery2023-08-3110921605core:PlantMachinery2022-09-0110921605core:PlantMachinery2022-09-012023-08-3110921605core:PlantMachinery2022-08-311092160512022-09-012023-08-3110921605countries:EnglandWales2022-09-012023-08-3110921605bus:AuditExemptWithAccountantsReport2022-09-012023-08-3110921605bus:PrivateLimitedCompanyLtd2022-09-012023-08-3110921605bus:SmallEntities2022-09-012023-08-3110921605bus:FullAccounts2022-09-012023-08-31
Company registration number:
10921605
TW QUALITY CONSULTANTS LTD
Unaudited Filleted Financial Statements for the year ended
31 August 2023
TW QUALITY CONSULTANTS LTD
Report to the board of directors on the preparation of the unaudited statutory financial statements of TW QUALITY CONSULTANTS LTD
Year ended
31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
TW QUALITY CONSULTANTS LTD
for the year ended
31 August 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/​.
This report is made solely to the Board of Directors of
TW QUALITY CONSULTANTS LTD
, as a body, in accordance with the terms of my engagement letter dated 17 January 2018. My work has been undertaken solely to prepare for your approval the
financial statements
of
TW QUALITY CONSULTANTS LTD
and state those matters that I have agreed to state to the Board of Directors of
TW QUALITY CONSULTANTS LTD
, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/​. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
TW QUALITY CONSULTANTS LTD
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
TW QUALITY CONSULTANTS LTD
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
TW QUALITY CONSULTANTS LTD
. You consider that
TW QUALITY CONSULTANTS LTD
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of TW QUALITY CONSULTANTS LTD. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
H.A.B.C LTD.
THE BEECHES
LONGHILLS RD
CHURCH STRETTON
SHROPSHIRE
SY6 6DS
United Kingdom
Date:
22 January 2024
TW QUALITY CONSULTANTS LTD
Statement of Financial Position
31 August 2023
20232022
Note££
Fixed assets    
Tangible assets 4 -  
2,747
 
Current assets    
Cash at bank and in hand
6
 
18
 
Creditors: amounts falling due within one year 5
(525
)
(720
)
Net current liabilities
(519
)
(702
)
Total assets less current liabilities (519 ) 2,045  
Creditors: amounts falling due after more than one year 6
(16,393
)
(13,300
)
Net liabilities
(16,912
)
(11,255
)
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
(16,913
)
(11,256
)
Shareholders deficit
(16,912
)
(11,255
)
For the year ending
31 August 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
22 January 2024
, and are signed on behalf of the board by:
Mr THOMAS WARD
Director
Company registration number:
10921605
TW QUALITY CONSULTANTS LTD
Notes to the Financial Statements
Year ended
31 August 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
11 EASTLANDS RD
,
RUGBY
,
Warwickshire
,
CV21 3RP
, United Kingdom.

2 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

3 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2.00
).

4 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 September 2022
and
31 August 2023
18,586
 
Depreciation  
At
1 September 2022
15,839
 
Charge
2,747
 
At
31 August 2023
18,586
 
Carrying amount  
At
31 August 2023
-  
At 31 August 2022
2,747
 

5 Creditors: amounts falling due within one year

20232022
££
Trade creditors
525
 
720
 

6 Creditors: amounts falling due after more than one year

20232022
££
Other creditors
16,393
 
13,300