Company Registration No. 11038427 (England and Wales)
TOW N GO LIMITED
Unaudited accounts
for the year ended 31 October 2023
TOW N GO LIMITED
Unaudited accounts
Contents
TOW N GO LIMITED
Company Information
for the year ended 31 October 2023
Company Number
11038427 (England and Wales)
Registered Office
51 Cavendish Crescent
Hornchurch
Essex
RM12 5NT
United Kingdom
TOW N GO LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
16,200
21,600
Cash at bank and in hand
146
571
Creditors: amounts falling due within one year
(11,556)
(19,569)
Net current liabilities
(10,487)
(18,075)
Called up share capital
100
100
Profit and loss account
5,613
3,425
Shareholders' funds
5,713
3,525
For the year ending 31 October 2023 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 31 October 2024 and were signed on its behalf by
Muzammil Asghar
Director
Company Registration No. 11038427
TOW N GO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
TOW N GO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11038427. The registered office is 51 Cavendish Crescent , Hornchurch, Essex, RM12 5NT, United Kingdom.
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.
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 % on cost
Motor vehicles
20 % on cost
At the balance sheet date the company had net current liabilities of £10,487 (2022: £18,075). The director believes that the company, with his continued support has adequate resources to continue to operate. The director considers it appropriate to continue using going concern basis in the preparation of the financial statements. The financial statements do not include any adjustments that would result if support from the director was not continued.
The accounts are presented in £ sterling.
TOW N GO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
27,000
12,700
39,700
At 31 October 2023
27,000
12,700
39,700
At 1 November 2022
5,400
12,700
18,100
Charge for the year
5,400
-
5,400
At 31 October 2023
10,800
12,700
23,500
At 31 October 2023
16,200
-
16,200
At 31 October 2022
21,600
-
21,600
Amounts falling due after more than one year
Accrued income and prepayments
923
923
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(16)
109
Loans from directors
11,422
17,460
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).