Company registration number 12788645 (England and Wales)
Twin Valley Construction Ltd
Unaudited
financial statements
for the year ended 31 August 2024
PAGES FOR FILING WITH REGISTRAR
Twin Valley Construction Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Twin Valley Construction Ltd
Statement of financial position
as at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,515
12,687
Current assets
Debtors
4
22,483
11,862
Cash at bank and in hand
3,203
7,519
25,686
19,381
Creditors: amounts falling due within one year
5
(32,207)
(30,134)
Net current liabilities
(6,521)
(10,753)
Net assets
2,994
1,934
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,894
1,834
Total equity
2,994
1,934

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 10 February 2025
I Smith
Director
Company registration number 12788645 (England and Wales)
Twin Valley Construction Ltd
Notes to the financial statements
for the year ended 31 August 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Twin Valley Construction Ltd
Notes to the financial statements (continued)
for the year ended 31 August 2024
- 3 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2023 and 31 August 2024
14,500
Depreciation and impairment
At 1 September 2023
1,813
Depreciation charged in the year
3,172
At 31 August 2024
4,985
Carrying amount
At 31 August 2024
9,515
At 31 August 2023
12,687
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
22,483
11,862
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
25,986
28,456
Other taxation and social security
4,821
-
0
Other creditors
-
0
278
Accruals and deferred income
1,400
1,400
32,207
30,134
6
Company information

Twin Valley Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 122 Oldham Road, Sowerby Bridge, West Yorkshire, HX6 4EA.

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