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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
Page
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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
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T W AUTOMOTIVE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,805 
16,296 
Current assets
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)
Net assets
32,579 
16,125 
Capital and reserves
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
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T W AUTOMOTIVE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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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 
£ 
£ 
Bank loans
27,500 
50,000 
Other creditors
59,416 
79,795 
86,916 
129,795 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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