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REGISTERED NUMBER: 02109758 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TAW SHOPFITTING & BUILDING SERVICES LTD

TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAW SHOPFITTING & BUILDING SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J Walker





SECRETARY: M Walker





REGISTERED OFFICE: Unit 1, Nissen Hut
Manor Farm
Fowlmere
Royston
Cambridgeshire
SG8 7SH





REGISTERED NUMBER: 02109758 (England and Wales)





ACCOUNTANTS: Liric Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 47,902 65,988

CURRENT ASSETS
Stocks 4,500 -
Debtors 5 86,883 26,197
Cash at bank 29,204 82,741
120,587 108,938
CREDITORS
Amounts falling due within one year 6 97,258 104,751
NET CURRENT ASSETS 23,329 4,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,231

70,175

CREDITORS
Amounts falling due after more than one
year

7

39,255

60,562
NET ASSETS 31,976 9,613

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 30,976 8,613
31,976 9,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 14 August 2024 and were signed by:





J Walker - Director


TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

TAW Shopfitting & Building Services Ltd 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 131,169
Additions 1,292
Disposals (2,064 )
At 31 May 2024 130,397
DEPRECIATION
At 1 June 2023 65,181
Charge for year 19,378
Eliminated on disposal (2,064 )
At 31 May 2024 82,495
NET BOOK VALUE
At 31 May 2024 47,902
At 31 May 2023 65,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 86,182 26,197
Other debtors 701 -
86,883 26,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,822
Hire purchase contracts 12,248 13,179
Trade creditors 10,457 23,976
Taxation and social security 38,062 18,739
Other creditors 26,491 38,035
97,258 104,751

TAW SHOPFITTING & BUILDING SERVICES LTD (REGISTERED NUMBER: 02109758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 12,500 21,559
Hire purchase contracts 26,755 39,003
39,255 60,562