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Company Registration No. 13576440 (England and Wales)
TWT Services Ltd Unaudited accounts for the period from 1 September 2023 to 30 June 2024
TWT Services Ltd Unaudited accounts Contents
Page
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TWT Services Ltd Company Information for the period from 1 September 2023 to 30 June 2024
Director
Mr Than Htaik Aye
Company Number
13576440 (England and Wales)
Registered Office
15 FOX ROAD SLOUGH SL3 7SG ENGLAND
Accountants
Taxhelp.co.uk 102 Sunny Bank Kingston-upon-Hull East Riding of Yorkshire HU3 1LF
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TWT Services Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
852 
Current assets
Debtors
43,581 
28,539 
Cash at bank and in hand
8,930 
7,617 
52,511 
36,156 
Creditors: amounts falling due within one year
(40,278)
(15,693)
Net current assets
12,233 
20,463 
Total assets less current liabilities
12,233 
21,315 
Creditors: amounts falling due after more than one year
(11,996)
(25,247)
Provisions for liabilities
Deferred tax
- 
(162)
Net assets/(liabilities)
237 
(4,094)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
137 
(4,194)
Shareholders' funds
237 
(4,094)
For the period ending 30 June 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 27 February 2025 and were signed on its behalf by
Mr Than Htaik Aye Director Company Registration No. 13576440
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TWT Services Ltd Notes to the Accounts for the period from 1 September 2023 to 30 June 2024
1
Statutory information
TWT Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13576440. The registered office is 15 FOX ROAD, SLOUGH, SL3 7SG, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
33.3% (Straight Line Method)
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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TWT Services Ltd Notes to the Accounts for the period from 1 September 2023 to 30 June 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
2,558 
At 30 June 2024
2,558 
Depreciation
At 1 September 2023
1,706 
Charge for the period
852 
At 30 June 2024
2,558 
Net book value
At 30 June 2024
- 
At 31 August 2023
852 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,000 
- 
Accrued income and prepayments
- 
625 
Other debtors
36,581 
20,825 
43,581 
21,450 
Amounts falling due after more than one year
Other debtors
- 
7,089 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,435 
6,233 
Taxes and social security
21,464 
6,088 
Other creditors
6,412 
1,772 
Accruals
1,967 
1,600 
40,278 
15,693 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,996 
11,363 
Other creditors
- 
5,317 
Taxes and social security
- 
8,567 
11,996 
25,247 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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TWT Services Ltd Notes to the Accounts for the period from 1 September 2023 to 30 June 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Than Htaik Aye
Directors Loan Account
20,815 
5,716 
- 
26,531 
20,815 
5,716 
- 
26,531 
The Directors Loan Account attracts interest at the Official Rate of 2.25%.
10
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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