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REGISTERED NUMBER: 06933202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

TWC FACILITIES LTD

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

TWC FACILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr M D S Williams
Mrs R.J Williams





SECRETARY: Mrs R.J Williams





REGISTERED OFFICE: The Stables
Grizzlefield House
Felixkirk Road
Thirsk
North Yorkshire
YO7 2ED





REGISTERED NUMBER: 06933202 (England and Wales)





ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

BALANCE SHEET
30 JUNE 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 609,400 640,800
Tangible assets 5 387,955 497,279
997,355 1,138,079

CURRENT ASSETS
Stocks 6 25,367 24,838
Debtors 7 441,979 433,433
Cash at bank and in hand 68,200 389
535,546 458,660
CREDITORS
Amounts falling due within one year 8 1,137,381 1,394,792
NET CURRENT LIABILITIES (601,835 ) (936,132 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,520

201,947

CREDITORS
Amounts falling due after more than
one year

9

-

(27,654

)

PROVISIONS FOR LIABILITIES (89,675 ) -
NET ASSETS 305,845 174,293

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

BALANCE SHEET - continued
30 JUNE 2023

2023 2022
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 304,845 173,293
SHAREHOLDERS' FUNDS 305,845 174,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 28 March 2024 and were signed on its behalf by:





Mr M D S Williams - Director


TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

TWC Facilities 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.

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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses which is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and 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.

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.

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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.

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 24 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 785,000
AMORTISATION
At 1 July 2022 144,200
Charge for year 31,400
At 30 June 2023 175,600
NET BOOK VALUE
At 30 June 2023 609,400
At 30 June 2022 640,800

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2022 12,758 3,266 832,831
Additions - 19,990 77,388
Disposals - - (106,919 )
At 30 June 2023 12,758 23,256 803,300
DEPRECIATION
At 1 July 2022 850 143 468,795
Charge for year 256 1,065 74,583
Eliminated on disposal - - (47,562 )
At 30 June 2023 1,106 1,208 495,816
NET BOOK VALUE
At 30 June 2023 11,652 22,048 307,484
At 30 June 2022 11,908 3,123 364,036

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 58,054 285,497 42,952 1,235,358
Additions 1,241 - 7,272 105,891
Disposals (12,822 ) (119,014 ) (33,043 ) (271,798 )
At 30 June 2023 46,473 166,483 17,181 1,069,451
DEPRECIATION
At 1 July 2022 30,995 206,724 30,572 738,079
Charge for year 6,971 20,947 4,891 108,713
Eliminated on disposal (9,538 ) (81,502 ) (26,694 ) (165,296 )
At 30 June 2023 28,428 146,169 8,769 681,496
NET BOOK VALUE
At 30 June 2023 18,045 20,314 8,412 387,955
At 30 June 2022 27,059 78,773 12,380 497,279

6. STOCKS
2023 2022
as restated
£    £   
Stocks 25,367 24,838

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 270,013 218,685
Amounts owed by group undertakings 30,841 -
Other debtors 141,125 214,748
441,979 433,433

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts - 146,551
Hire purchase contracts - 17,118
Trade creditors 179,208 177,584
Amounts owed to group undertakings 817,384 939,355
Taxation and social security 81,542 37,856
Other creditors 59,247 76,328
1,137,381 1,394,792

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Hire purchase contracts - 27,654

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
as restated
£    £   
Mr M D S Williams and Mrs R.J Williams
Balance outstanding at start of year - -
Amounts advanced 74,429 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 74,429 -

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TWC FACILITIES LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TWC Facilities Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of TWC Facilities Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TWC Facilities Ltd and state those matters that we have agreed to state to the Board of Directors of TWC Facilities Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TWC Facilities 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 profit of TWC Facilities Ltd. You consider that TWC Facilities Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TWC Facilities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY



CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TWC FACILITIES LTD


Date: .............................................