Thilway Limited |
Notes to the Accounts |
for the year ended 29 February 2024 |
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1 |
Accounting policies |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 March 2023 |
12,336 |
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At 29 February 2024 |
12,336 |
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Depreciation |
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At 1 March 2023 |
6,904 |
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Charge for the year |
1,086 |
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At 29 February 2024 |
7,990 |
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Net book value |
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At 29 February 2024 |
4,346 |
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At 28 February 2023 |
5,432 |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Corporation tax |
5,725 |
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16,495 |
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Other taxes and social security costs |
2,475 |
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6,316 |
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8,200 |
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22,811 |
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5 |
Other information |
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Thilway Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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29a Plough Lane |
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Purley |
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CR8 3QG |