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Company Registration No. 09380860 (England and Wales)
Tretower Ltd Unaudited accounts for the year ended 31 January 2024
Tretower Ltd Unaudited accounts Contents
Page
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Tretower Ltd Company Information for the year ended 31 January 2024
Director
Michael Henry John Joyce
Company Number
09380860 (England and Wales)
Registered Office
Gilwern Farm Gilwern Farm Close Ponthir NP18 1QW
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Tretower Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tretower Ltd for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 7 June 2024
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Tretower Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
199,904 
199,904 
Debtors
- 
5,079 
Cash at bank and in hand
160 
155 
200,064 
205,138 
Creditors: amounts falling due within one year
(11,855)
(11,326)
Net current assets
188,209 
193,812 
Total assets less current liabilities
188,209 
193,812 
Creditors: amounts falling due after more than one year
(289,977)
(280,576)
Net liabilities
(101,768)
(86,764)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(101,769)
(86,765)
Shareholders' funds
(101,768)
(86,764)
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 7 June 2024 and were signed on its behalf by
Michael Henry John Joyce Director Company Registration No. 09380860
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Tretower Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Tretower Ltd is a private company, limited by shares, registered in England and Wales, registration number 09380860. The registered office is Gilwern Farm, Gilwern Farm Close, Ponthir, NP18 1QW.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Inventories
2024 
2023 
£ 
£ 
Work in progress
199,904 
199,904 
199,904 
199,904 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
5,079 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,176 
10,176 
VAT
529 
- 
Accruals
1,150 
1,150 
11,855 
11,326 
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Tretower Ltd Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,980 
33,980 
Loans from directors
255,997 
246,596 
289,977 
280,576 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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