2023-01-012023-12-312023-12-31false12369833TW EASON HOLDINGS 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TW EASON HOLDINGS LTD

Registered Number
12369833
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TW EASON HOLDINGS LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

EASON, Thomas William

Registered Address

Willow House Main Street
Red Row
Morpeth
NE61 5AG

Registered Number

12369833 (England and Wales)
TW EASON HOLDINGS LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3520,460481,706
520,460481,706
Current assets
Debtors4100100
Cash at bank and on hand2,4574,456
2,5574,556
Creditors amounts falling due within one year5(649,259)(597,007)
Net current assets (liabilities)(646,702)(592,451)
Total assets less current liabilities(126,242)(110,745)
Net assets(126,242)(110,745)
Capital and reserves
Called up share capital100100
Profit and loss account(126,342)(110,845)
Shareholders' funds(126,242)(110,745)
The financial statements were approved and authorised for issue by the Director on 24 September 2024, and are signed on its behalf by:
EASON, Thomas William
Director
Registered Company No. 12369833
TW EASON HOLDINGS LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings5
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 January 23471,65112,838484,489
Additions40,4021,15041,552
At 31 December 23512,05313,988526,041
Depreciation and impairment
At 01 January 23-2,7832,783
Charge for year-2,7982,798
At 31 December 23-5,5815,581
Net book value
At 31 December 23512,0538,407520,460
At 31 December 22471,65110,055481,706
4.Debtors: amounts due within one year

2023

2022

££
Amounts owed by associates and joint ventures / participating interests100100
Total100100
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties648,648596,397
Accrued liabilities and deferred income611610
Total649,259597,007
6.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.