2022-12-012023-11-302023-11-30false08773388TLW (UK) 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TLW (UK) LTD

Registered Number
08773388
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

TLW (UK) LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

HU, Yingying

Registered Address

Unit 2a, Ripplieside Commercial Estate Rippleside Commercial Estate,
Renwick Road
Barking
IG11 0SB

Registered Number

08773388 (England and Wales)
TLW (UK) LTD
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets316,02026,891
16,02026,891
Current assets
Debtors167,55717,589
Cash at bank and on hand8,425153,755
175,982171,344
Creditors amounts falling due within one year(89,811)(39,669)
Net current assets (liabilities)86,171131,675
Total assets less current liabilities102,191158,566
Creditors amounts falling due after one year(33,140)(43,788)
Net assets69,051114,778
Capital and reserves
Called up share capital100100
Other reserves57,55457,554
Profit and loss account11,39757,124
Shareholders' funds69,051114,778
The financial statements were approved and authorised for issue by the Director on 28 August 2024, and are signed on its behalf by:
HU, Yingying
Director
Registered Company No. 08773388
TLW (UK) LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared on a going concern basis. However, the director has resolved to place the company into liquidation, and a liquidator is expected to be appointed six months after the financial year-end. This decision casts significant doubt on the company’s ability to continue as a going concern. Given the impending liquidation, the financial statements may not reflect the realisable values of the company's assets and liabilities. The director has made the necessary assessments and adjustments to the carrying amounts of assets and liabilities, where appropriate, to reflect this change in the company’s status.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Website development costs are capitalised on the balance sheet as an intangible asset and amortised over its useful economic life. Amortisation is provided on the website development as follows: Website development costs - 20% straight line
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Leasehold Property - 20% straight line Warehouse Refurbishment - 20% straight line Office Equipment - 33% straight line
2.Average number of employees

20232022
Average number of employees during the year54
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2280,447
At 30 November 2380,447
Depreciation and impairment
At 01 December 2253,556
Charge for year10,871
At 30 November 2364,427
Net book value
At 30 November 2316,020
At 30 November 2226,891
4.Events after reporting date
Since the financial year-end, the company has initiated steps towards appointing a liquidator. The liquidation process is expected to commence within six months after the financial year-end, and the company’s operations will cease accordingly. The director has considered the implications of this event and has concluded that adequate provisions and disclosures have been made in the financial statements to reflect the company’s position and potential liabilities as at the reporting date. The director confirm that no other material events have occurred since the financial year-end that would require adjustment to or disclosure in the financial statements.
5.Related party transactions
The company was under the control of Ms. Yingying Hu throughout the current and previous years. Ms. Hu is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.