Company Registration No. 11948709 (England and Wales)
T W AUTOMOTIVE LTD
Management Accounts
for the year ended 31 October 2023
T W AUTOMOTIVE LTD
Management Accounts
Contents
T W AUTOMOTIVE LTD
Company Information
for the year ended 31 October 2023
Directors
AKHTAR, Waqar Saeed
HUSSAIN, Aftab
Company Number
11948709 (England and Wales)
Registered Office
UNIT 126 TANNERS DRIVE
BLAKELANDS
MILTON KEYNES
MK14 5BP
ENGLAND
T W AUTOMOTIVE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
15,805
16,296
Inventories
107,550
135,699
Creditors: amounts falling due within one year
(3,860)
(6,075)
Net current assets
103,690
129,624
Total assets less current liabilities
119,495
145,920
Creditors: amounts falling due after more than one year
(86,916)
(129,795)
Called up share capital
2
2
Profit and loss account
32,577
16,123
Shareholders' funds
32,579
16,125
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by
HUSSAIN, Aftab
Director
Company Registration No. 11948709
T W AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 October 2023
T W AUTOMOTIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 11948709. The registered office is UNIT 126 TANNERS DRIVE, BLAKELANDS, MILTON KEYNES, MK14 5BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
11,500
15,638
4,500
31,638
Additions
-
1,560
3,200
4,760
At 31 October 2023
11,500
17,198
7,700
36,398
At 1 November 2022
6,900
5,742
2,700
15,342
Charge for the year
2,300
1,411
1,540
5,251
At 31 October 2023
9,200
7,153
4,240
20,593
At 31 October 2023
2,300
10,045
3,460
15,805
At 31 October 2022
4,600
9,896
1,800
16,296
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,860
6,075
T W AUTOMOTIVE LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
59,416
79,795
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).