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REGISTERED NUMBER: 12925765 (England and Wales)















TOWNEND WEAVING HUDDERSFIELD LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWNEND WEAVING HUDDERSFIELD LTD

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: Mr M J Campbell
Mr S M Townend





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 12925765 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 75,876 58,516

CURRENT ASSETS
Stocks 2,560 3,170
Debtors 5 140,703 115,554
Cash at bank 51,880 57,674
195,143 176,398
CREDITORS
Amounts falling due within one year 6 (216,695 ) (91,409 )
NET CURRENT (LIABILITIES)/ASSETS (21,552 ) 84,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,324

143,505

CREDITORS
Amounts falling due after more than one
year

7

-

(87,112

)

PROVISIONS FOR LIABILITIES 8 (14,416 ) (12,078 )
NET ASSETS 39,908 44,315

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 39,818 44,225
SHAREHOLDERS' FUNDS 39,908 44,315

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

BALANCE SHEET - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr S M Townend - Director


TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023


1. STATUTORY INFORMATION

Townend Weaving Huddersfield Ltd 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.

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

Turnover is recognised when work is completed and ready for despatch / collection.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost and Straight line over 20 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred taxation assets and liabilities are not discounted.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


2. ACCOUNTING POLICIES - continued

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 22 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 70,085
Additions 25,088
At 31 August 2023 95,173
DEPRECIATION
At 1 September 2022 11,569
Charge for year 7,728
At 31 August 2023 19,297
NET BOOK VALUE
At 31 August 2023 75,876
At 31 August 2022 58,516

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 128,357 103,230
Other debtors 12,346 12,324
140,703 115,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,334 11,739
Taxation and social security 56,895 48,153
Other creditors 137,466 31,517
216,695 91,409

TOWNEND WEAVING HUDDERSFIELD LTD (REGISTERED NUMBER: 12925765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 87,112

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 14,416 12,078

Deferred
tax
£   
Balance at 1 September 2022 12,078
Charge to Income Statement during year 2,338
Balance at 31 August 2023 14,416

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £707 (2022 - £145) were outstanding at the year end and will be repaid when funds permit.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S M Townend.