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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
Page
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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
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Touch Wood South West Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,837 
12,484 
Current assets
Debtors
10,023 
3,346 
Cash at bank and in hand
35,058 
40,150 
45,081 
43,496 
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)
Net assets
27,052 
24,985 
Reserves
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
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Touch Wood South West Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
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.
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
Leased assets
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.
Financial instruments
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.
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Touch Wood South West Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
20,402 
Additions
1,063 
At 30 June 2024
21,465 
Depreciation
At 1 July 2023
7,918 
Charge for the year
2,710 
At 30 June 2024
10,628 
Net book value
At 30 June 2024
10,837 
At 30 June 2023
12,484 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,601 
1,300 
Accrued income and prepayments
422 
2,046 
10,023 
3,346 
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 
Accruals
6,948 
8,050 
Deferred income
10,800 
5,401 
24,847 
24,873 
Security is given in respect of the obligations under hire purchase contracts of £2,103 (2023 - £2,103)
7
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)
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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).
10
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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