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REGISTERED NUMBER: 06933202 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

TWC FACILITIES LTD

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

TWC FACILITIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr M D S Williams
Mrs R.J Williams





SECRETARY: Mrs R.J Williams





REGISTERED OFFICE: The Stables
Grizzlefield House
Felixkirk Road
Thirsk
North Yorkshire
YO7 2ED





REGISTERED NUMBER: 06933202 (England and Wales)





ACCOUNTANTS: Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 578,000 609,400
Tangible assets 5 490,963 387,955
Investments 6 412,301 -
1,481,264 997,355

CURRENT ASSETS
Stocks 7 32,040 25,367
Debtors 8 407,750 441,979
Cash at bank and in hand 67,629 68,200
507,419 535,546
CREDITORS
Amounts falling due within one year 9 1,367,911 1,137,381
NET CURRENT LIABILITIES (860,492 ) (601,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,772

395,520

CREDITORS
Amounts falling due after more than
one year

10

(60,783

)

-

PROVISIONS FOR LIABILITIES (120,282 ) (89,675 )
NET ASSETS 439,707 305,845

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 438,707 304,845
SHAREHOLDERS' FUNDS 439,707 305,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 19 February 2025 and were signed on its behalf by:





Mr M D S Williams - Director


TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

TWC Facilities Ltd 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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses which is being amortised evenly over its estimated useful life of twenty five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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


TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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 23 (2023 - 24 ) .

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 785,000
AMORTISATION
At 1 July 2023 175,600
Charge for year 31,400
At 30 June 2024 207,000
NET BOOK VALUE
At 30 June 2024 578,000
At 30 June 2023 609,400

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 July 2023 12,758 23,256 803,300
Additions - - 91,628
Disposals - - (42,457 )
At 30 June 2024 12,758 23,256 852,471
DEPRECIATION
At 1 July 2023 1,106 1,208 495,816
Charge for year 255 1,065 68,617
Eliminated on disposal - - (34,479 )
At 30 June 2024 1,361 2,273 529,954
NET BOOK VALUE
At 30 June 2024 11,397 20,983 322,517
At 30 June 2023 11,652 22,048 307,484

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 46,473 166,483 17,181 1,069,451
Additions - 110,155 11,399 213,182
Disposals (5,324 ) (47,075 ) - (94,856 )
At 30 June 2024 41,149 229,563 28,580 1,187,777
DEPRECIATION
At 1 July 2023 28,428 146,169 8,769 681,496
Charge for year 6,173 20,684 4,321 101,115
Eliminated on disposal (4,243 ) (47,075 ) - (85,797 )
At 30 June 2024 30,358 119,778 13,090 696,814
NET BOOK VALUE
At 30 June 2024 10,791 109,785 15,490 490,963
At 30 June 2023 18,045 20,314 8,412 387,955

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 412,301
At 30 June 2024 412,301
NET BOOK VALUE
At 30 June 2024 412,301

7. STOCKS
2024 2023
£    £   
Stocks 32,040 25,367

TWC FACILITIES LTD (REGISTERED NUMBER: 06933202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 297,161 270,013
Amounts owed by group undertakings 22,639 30,841
Other debtors 87,950 141,125
407,750 441,979

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,273 -
Trade creditors 137,805 179,208
Amounts owed to group undertakings 1,061,691 817,384
Taxation and social security 72,450 81,542
Other creditors 77,692 59,247
1,367,911 1,137,381

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 60,783 -

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr M D S Williams and Mrs R.J Williams
Balance outstanding at start of year 74,429 -
Amounts advanced 24,395 74,429
Amounts repaid (75,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,824 74,429

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TWC FACILITIES LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TWC Facilities Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of TWC Facilities Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TWC Facilities Ltd and state those matters that we have agreed to state to the Board of Directors of TWC Facilities Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TWC Facilities Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TWC Facilities Ltd. You consider that TWC Facilities Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TWC Facilities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Momentum Taxation and Accountancy Ltd
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TWC FACILITIES LTD




Date: .............................................