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REGISTERED NUMBER: 06860420 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

TARRAN WAY INDUSTRIES LIMITED

TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


TARRAN WAY INDUSTRIES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr T M Franks
Mr D Frost
Mrs C Frost





SECRETARY: Mr T M Franks





REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG





REGISTERED NUMBER: 06860420 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tarran Way Industries Limited


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 Tarran Way Industries Limited for the year ended 30 April 2024 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tarran Way Industries Limited, 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 Tarran Way Industries Limited and state those matters that we have agreed to state to the Board of Directors of Tarran Way Industries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tarran Way Industries Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tarran Way Industries Limited 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 loss of Tarran Way Industries Limited. You consider that Tarran Way Industries Limited 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 Tarran Way Industries Limited. 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.






Butterworth Barlow
Chartered Accountants
Liverpool


10 September 2024

TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1 1
Investments 6 1 1
2 2

CURRENT ASSETS
Stocks 130,382 180,525
Debtors 7 67,961 142,107
Cash at bank and in hand 26,681 25,972
225,024 348,604
CREDITORS
Amounts falling due within one year 8 62,888 47,787
NET CURRENT ASSETS 162,136 300,817
TOTAL ASSETS LESS CURRENT LIABILITIES 162,138 300,819

CREDITORS
Amounts falling due after more than one year 9 11,599 21,570
NET ASSETS 150,539 279,249

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 150,532 279,242
SHAREHOLDERS' FUNDS 150,539 279,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Balance Sheet - continued
30 April 2024


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 10 September 2024 and were signed on its behalf by:





Mr T M Franks - Director


TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Tarran Way Industries 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


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.

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 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 5,000
AMORTISATION
At 1 May 2023
and 30 April 2024 5,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 38,370 8,350 5,009 51,729
DEPRECIATION
At 1 May 2023
and 30 April 2024 38,370 8,349 5,009 51,728
NET BOOK VALUE
At 30 April 2024 - 1 - 1
At 30 April 2023 - 1 - 1

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 15,954 27,513
Amounts owed by participating interests - 64,587
Other debtors 52,007 50,007
67,961 142,107

TARRAN WAY INDUSTRIES LIMITED (REGISTERED NUMBER: 06860420)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,925 14,705
Amounts owed to participating interests 7,520 -
Tax - 213
Social security and other taxes 244 369
Other creditors 1,261 9,139
Directors' current accounts 16,123 10,511
Accruals and deferred income 2,815 2,850
62,888 47,787

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,599 11,570
11,599 21,570

10. RELATED PARTY DISCLOSURES

The company is related to Conservatory Roof Solutions Limited and TMF Property Holdings Limited by virtue of directors in common.

During the period the company made sales of £126,800 (2023: £143,935) to Conservatory Roof Solutions Limited.

The balances due between each company as at 30 April 2023 were as follows:

Amount due from Conservatory Roof Solutions Limited - £nil (2023: £64,586)
Amount due to Conservatory Roof Solutions Limited - £7,520 (2023: £nil).