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REGISTERED NUMBER: 04476653 (England and Wales)















Financial Statements

for the Year Ended 31 March 2023

for

TIW GROUP LIMITED

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIW GROUP LIMITED

Company Information
for the year ended 31 March 2023







Directors: Mr D C Edwards
Mr W Gunn
Mr H S Muirhead





Registered office: 70 Gracechurch Street
London
London
EC3V 0HR





Registered number: 04476653 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investments 4 1 1

Current assets
Debtors 5 360,200 299,762
Cash at bank 308,993 366,108
669,193 665,870
Creditors
Amounts falling due within one year 6 196,441 157,335
Net current assets 472,752 508,535
Total assets less current liabilities 472,753 508,536

Creditors
Amounts falling due after more than one year 7 37,500 47,500
Net assets 435,253 461,036

Capital and reserves
Called up share capital 8 109,978 109,978
Share premium 235,653 235,653
Capital redemption reserve 70,503 70,503
Retained earnings 19,119 44,902
Shareholders' funds 435,253 461,036

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





Mr D C Edwards - Director


TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

TIW Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 contain information about TIW Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 year 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.

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 year was 14 (2022 - 13 ) .

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2022
and 31 March 2023 650
Provisions
At 1 April 2022
and 31 March 2023 649
Net book value
At 31 March 2023 1
At 31 March 2022 1

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 74,825 42,804
Other debtors 285,375 256,958
360,200 299,762

Included within Other debtors is a deferred tax asset provision amounting to £129,404 (2022 : £110,892).

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 45,482 47,674
Taxation and social security 58,336 48,404
Other creditors 92,623 61,257
196,441 157,335

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 37,500 47,500

TIW GROUP LIMITED (REGISTERED NUMBER: 04476653)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
109,978 Ordinary £1 109,978 109,978