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Company Registration No. 5511434 (England and Wales)
Towy Projects Limited Unaudited accounts for the year ended 31 July 2023
Towy Projects Limited Unaudited accounts Contents
Page
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Towy Projects Limited Company Information for the year ended 31 July 2023
Director
I Davies
Company Number
5511434 (England and Wales)
Registered Office
Garregfechan Porthyryd Llanwrda SA19 8PB
Accountants
Nigel Rees Accountancy Limited 572 Mumbles Road Mumbles Swansea Dyfed SA3 4DL
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Towy Projects Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
12,775 
12,775 
Debtors
43,301 
63,757 
Cash at bank and in hand
(23,952)
(19,171)
32,124 
57,361 
Creditors: amounts falling due within one year
(53,150)
(38,236)
Net current (liabilities)/assets
(21,026)
19,125 
Total assets less current liabilities
(21,026)
19,125 
Creditors: amounts falling due after more than one year
- 
(43,334)
Net liabilities
(21,026)
(24,209)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(21,028)
(24,211)
Shareholders' funds
(21,026)
(24,209)
For the year ending 31 July 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 16 April 2024 and were signed on its behalf by
I Davies Director Company Registration No. 5511434
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Towy Projects Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Towy Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 5511434. The registered office is Garregfechan, Porthyryd, Llanwrda, SA19 8PB.
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.
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
20%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
53,572 
71,920 
125,492 
At 31 July 2023
53,572 
71,920 
125,492 
Depreciation
At 1 August 2022
53,572 
71,920 
125,492 
At 31 July 2023
53,572 
71,920 
125,492 
Net book value
At 31 July 2023
- 
- 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
40,330 
40,490 
Other debtors
2,971 
23,267 
43,301 
63,757 
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Towy Projects Limited Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
39,672 
30,019 
VAT
5,587 
289 
Obligations under finance leases and hire purchase contracts
- 
1,101 
Trade creditors
6,836 
5,134 
Taxes and social security
1,055 
1,693 
53,150 
38,236 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
43,334 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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