Company Registration No. 09621990 (England and Wales)
Touch Wood South West Limited
Unaudited accounts
for the year ended 30 June 2024
Touch Wood South West Limited
Unaudited accounts
Contents
Touch Wood South West Limited
Company Information
for the year ended 30 June 2024
Directors
Astrid Arnold
Hugh Arnold
Barbara Czoch
John Willis
Company Number
09621990 (England and Wales)
Registered Office
6 Ford Street
Moretonhampstead
Newton Abbot
Devon
TQ13 8LN
Accountants
Swift Accounting
Lower Barton
Lamerton
Tavistock
Devon
PL19 8RR
Touch Wood South West Limited
Statement of financial position
as at 30 June 2024
Tangible assets
10,837
12,484
Cash at bank and in hand
35,058
40,150
Creditors: amounts falling due within one year
(24,847)
(24,873)
Net current assets
20,234
18,623
Total assets less current liabilities
31,071
31,107
Creditors: amounts falling due after more than one year
(4,019)
(6,122)
Profit and loss account
27,052
24,985
Members' funds
27,052
24,985
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Astrid Arnold
Director
Company Registration No. 09621990
Touch Wood South West Limited
Notes to the Accounts
for the year ended 30 June 2024
Touch Wood South West Limited is a private company, limited by guarantee, registered in England and Wales, registration number 09621990. The registered office is 6 Ford Street, Moretonhampstead, Newton Abbot, Devon, TQ13 8LN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Touch Wood South West Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
422
2,046
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
2,103
2,103
Taxes and social security
1,592
1,554
Other creditors
2,754
7,115
Loans from directors
650
650
Deferred income
10,800
5,401
Security is given in respect of the obligations under hire purchase contracts of £2,103 (2023 - £2,103)
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
4,019
6,122
Security is given in respect of the obligations under hire purchase contracts of £4,019 (2023 - £6,122)
Touch Wood South West Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9
Transactions with related parties
At 30 June 2024 the company owes Astrid Arnold (Director) £650 (2023 - £650).
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Average number of employees
During the year the average number of employees was 3 (2023: 2).