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
Thomas Homes West Ltd
Company Information
for the year ended 29 February 2024
Company Number
07145938 (England and Wales)
Registered Office
Tyr Alice
Pen y Rhedyn
Clydach
Swansea
SA6 5SP
Thomas Homes West Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
364,708
156,637
Inventories
203,630
196,700
Cash at bank and in hand
179,356
287,468
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
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
Thomas Homes West Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
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
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
Thomas Homes West Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
12,755
25,939
Accrued income and prepayments
7,805
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,528
10,000
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,257
31,717
Loans from directors
(41,645)
-
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).