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Company Registration No. 07145938 (England and Wales)
Thomas Homes West Ltd Unaudited accounts for the year ended 29 February 2024
Thomas Homes West Ltd Unaudited accounts Contents
Page
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Thomas Homes West Ltd Company Information for the year ended 29 February 2024
Director
D R Thomas
Company Number
07145938 (England and Wales)
Registered Office
Tyr Alice Pen y Rhedyn Clydach Swansea SA6 5SP
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Thomas Homes West Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
364,708 
156,637 
Current assets
Inventories
203,630 
196,700 
Debtors
49,916 
26,339 
Cash at bank and in hand
179,356 
287,468 
432,902 
510,507 
Creditors: amounts falling due within one year
(259,837)
(307,336)
Net current assets
173,065 
203,171 
Total assets less current liabilities
537,773 
359,808 
Creditors: amounts falling due after more than one year
(180,684)
(58,283)
Net assets
357,089 
301,525 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
357,088 
301,524 
Shareholders' funds
357,089 
301,525 
For the year ending 29 February 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 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 25 July 2024 and were signed on its behalf by
D R Thomas Director Company Registration No. 07145938
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Thomas Homes West Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Thomas Homes West Ltd is a private company, limited by shares, registered in England and Wales, registration number 07145938. The registered office is Tyr Alice, Pen y Rhedyn, Clydach, Swansea, SA6 5SP.
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.
Presentation currency
The accounts are presented in £ sterling.
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
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
83,650 
16,910 
119,091 
- 
7,732 
227,383 
Additions
- 
7,193 
14,541 
1,749 
5,857 
29,340 
Revaluations
206,350 
- 
- 
- 
- 
206,350 
Disposals
- 
- 
(13,385)
- 
- 
(13,385)
At 29 February 2024
290,000 
24,103 
120,247 
1,749 
13,589 
449,688 
Depreciation
At 1 March 2023
- 
12,816 
53,331 
- 
4,599 
70,746 
Charge for the year
- 
843 
22,627 
17 
956 
24,443 
On disposals
- 
- 
(10,209)
- 
- 
(10,209)
At 29 February 2024
- 
13,659 
65,749 
17 
5,555 
84,980 
Net book value
At 29 February 2024
290,000 
10,444 
54,498 
1,732 
8,034 
364,708 
At 28 February 2023
83,650 
4,094 
65,760 
- 
3,133 
156,637 
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Thomas Homes West Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,755 
25,939 
Accrued income and prepayments
7,805 
- 
Other debtors
29,356 
400 
49,916 
26,339 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
30,528 
10,000 
VAT
31,459 
62,491 
Obligations under finance leases and hire purchase contracts
10,572 
10,572 
Trade creditors
145,612 
142,591 
Taxes and social security
33,170 
67,036 
Other creditors
1,960 
11,499 
Loans from directors
- 
1,107 
Accruals
6,536 
2,040 
259,837 
307,336 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
200,072 
26,566 
Obligations under finance leases and hire purchase contracts
22,257 
31,717 
Loans from directors
(41,645)
- 
180,684 
58,283 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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