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REGISTERED NUMBER: 06529705 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

TWL IRRIGATION LIMITED

TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWL IRRIGATION LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L P King
C L Mathieson





SECRETARY: S A Ware





REGISTERED OFFICE: 12 St. Wilfreds Road
Worthing
West Sussex
BN14 8BA





REGISTERED NUMBER: 06529705 (England and Wales)






TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,865 14,922
13,865 14,922

CURRENT ASSETS
Stocks 20,124 26,481
Debtors 6 8,952 10,077
Cash at bank 8,048 17,279
37,124 53,837
CREDITORS
Amounts falling due within one year 7 39,856 44,240
NET CURRENT (LIABILITIES)/ASSETS (2,732 ) 9,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,133

24,519

CREDITORS
Amounts falling due after more than one
year

8

6,250

8,750
NET ASSETS 4,883 15,769

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,783 15,669
4,883 15,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





C L Mathieson - Director


TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

TWL Irrigation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 1,102
AMORTISATION
At 1 April 2023
and 31 March 2024 1,102
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 15,185 4,828 193 603 20,809
DEPRECIATION
At 1 April 2023 1,518 3,621 145 603 5,887
Charge for year 304 724 29 - 1,057
At 31 March 2024 1,822 4,345 174 603 6,944
NET BOOK VALUE
At 31 March 2024 13,363 483 19 - 13,865
At 31 March 2023 13,667 1,207 48 - 14,922

TWL IRRIGATION LIMITED (REGISTERED NUMBER: 06529705)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,615 4,161
Amounts owed by participating interests - 5,688
Other debtors 337 228
8,952 10,077

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,511 8,484
Amounts owed to participating interests 95 -
Taxation and social security 3,337 1,700
Other creditors 31,913 34,056
39,856 44,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,250 8,750

9. ULTIMATE CONTROLLING PARTY

The controlling party is J A Wares and S A Wares by virtue of their shareholding.