TSW ASSETS LIMITED

Company Registration Number:
13024491 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

TSW ASSETS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

TSW ASSETS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,466,153 2,126,841
Total fixed assets: 3,466,153 2,126,841
Current assets
Debtors:   379,008 538,337
Cash at bank and in hand: 32,489 2,112
Total current assets: 411,497 540,449
Creditors: amounts falling due within one year:   (669,732) (560,656)
Net current assets (liabilities): (258,235) (20,207)
Total assets less current liabilities: 3,207,918 2,106,634
Creditors: amounts falling due after more than one year:   (3,412,252) (2,324,400)
Total net assets (liabilities): (204,334) (217,766)
Capital and reserves
Called up share capital: 150 100
Profit and loss account: (204,484) (217,866)
Shareholders funds: (204,334) (217,766)

The notes form part of these financial statements

TSW ASSETS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: J Whitmore
Status: Director

The notes form part of these financial statements

TSW ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Plant and machinery - 25% on reducing balance Motor vehicles - 25% on reducing balance

TSW ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

TSW ASSETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 2,601,342
Additions 2,152,868
Disposals (66,751)
At 30 November 2023 4,687,459
Depreciation
At 01 December 2022 474,501
Charge for year 785,395
On disposals (38,590)
At 30 November 2023 1,221,306
Net book value
At 30 November 2023 3,466,153
At 30 November 2022 2,126,841