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REGISTERED NUMBER: 08154839 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

TWS Trading Limited

TWS Trading Limited (Registered number: 08154839)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

TWS Trading Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: N Pitkin





REGISTERED OFFICE: Unit 22 Coleshill Trading Estate
Station Road
Coleshill
West Midlands
B46 IJP





REGISTERED NUMBER: 08154839 (England and Wales)





ACCOUNTANTS: Goodwins
6 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7AU

TWS Trading Limited (Registered number: 08154839)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,580 14,335

CURRENT ASSETS
Stocks 105,094 128,167
Debtors 5 228,457 217,603
Cash at bank 269,737 228,548
603,288 574,318
CREDITORS
Amounts falling due within one year 6 386,088 363,626
NET CURRENT ASSETS 217,200 210,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,780

225,027

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 49,985 49,985
Retained earnings 175,675 174,922
225,780 225,027

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

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

The director acknowledges his 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 director and authorised for issue on 31 March 2024 and were signed by:





N Pitkin - Director


TWS Trading Limited (Registered number: 08154839)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

TWS Trading 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 4 (2022 - 4 ) .

TWS Trading Limited (Registered number: 08154839)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 35,895
Additions 1,520
At 31 July 2023 37,415
DEPRECIATION
At 1 August 2022 21,560
Charge for year 7,275
At 31 July 2023 28,835
NET BOOK VALUE
At 31 July 2023 8,580
At 31 July 2022 14,335

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 152,974 169,438
Other debtors 75,483 48,165
228,457 217,603

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 263,251 243,937
Taxation and social security 26,971 1,043
Other creditors 95,866 118,646
386,088 363,626

TWS Trading Limited

Report of the Accountants to the Director of
TWS Trading Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Goodwins
6 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7AU


31 March 2024