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REGISTERED NUMBER: 04704854 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TFW Construction Limited

TFW Construction Limited (Registered number: 04704854)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TFW Construction Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T F Widdowson
Mrs L Widdowson





REGISTERED OFFICE: 7 Cooks Lane
Southbourne
Emsworth
Hampshire
PO10 8LG





REGISTERED NUMBER: 04704854 (England and Wales)





ACCOUNTANTS: Direct Accounting
7 Cooks Lane
Southbourne
Emsworth
Hampshire
PO10 8LG

TFW Construction Limited (Registered number: 04704854)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,254 138,212

CURRENT ASSETS
Stocks 13,891 185,168
Debtors 5 161,223 97,881
Cash at bank 14,143 4,165
189,257 287,214
CREDITORS
Amounts falling due within one year 6 127,780 150,138
NET CURRENT ASSETS 61,477 137,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,731

275,288

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 202,631 275,188
SHAREHOLDERS' FUNDS 202,731 275,288

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

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

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 13 September 2024 and were signed on its behalf by:





T F Widdowson - Director


TFW Construction Limited (Registered number: 04704854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

TFW Construction 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.

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 - 20% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

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 5 (2023 - 7 ) .

TFW Construction Limited (Registered number: 04704854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 279,926 3,917 283,843
Additions 69,120 610 69,730
Disposals (74,850 ) (896 ) (75,746 )
At 31 March 2024 274,196 3,631 277,827
DEPRECIATION
At 1 April 2023 143,457 2,174 145,631
Charge for year 19,978 524 20,502
Eliminated on disposal (28,799 ) (761 ) (29,560 )
At 31 March 2024 134,636 1,937 136,573
NET BOOK VALUE
At 31 March 2024 139,560 1,694 141,254
At 31 March 2023 136,469 1,743 138,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 146,279 76,872
Other debtors 14,944 21,009
161,223 97,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 21,667 31,667
Trade creditors 47,517 62,743
Taxation and social security 57,230 45,962
Other creditors 1,366 9,766
127,780 150,138

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were voted to Mr T Widdowson in the sum of £60,000 (2023; £88,000)

During the year the company was contracted to work on the Directors property. The value of the work undertaken was £169,0479. The contract was conducted at arms length and charged at market value.

8. ULTIMATE CONTROLLING PARTY

The controlling party is T F Widdowson.