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REGISTERED NUMBER: 14166392 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

TAW Fabrications Ltd

TAW Fabrications Ltd (Registered number: 14166392)






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


TAW Fabrications Ltd

Company Information
for the Year Ended 30 June 2024







Director: Mr T A Widd





Registered office: Unit 8 Firtrees Industrial Estate
270 Hull Bridge Road
Beverley
East Yorkshire
HU17 9RT





Registered number: 14166392 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

TAW Fabrications Ltd (Registered number: 14166392)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,600 10,800
Tangible assets 5 80,580 58,539
90,180 69,339

CURRENT ASSETS
Stocks 6 3,000 300
Debtors 7 3,727 5,558
Cash at bank 4,172 9,954
10,899 15,812
CREDITORS
Amounts falling due within one year 8 123,831 109,722
NET CURRENT LIABILITIES (112,932 ) (93,910 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,752

)

(24,571

)

CREDITORS
Amounts falling due after more than one
year

9

15,383

12,344
NET LIABILITIES (38,135 ) (36,915 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (38,136 ) (36,916 )
SHAREHOLDERS' FUNDS (38,135 ) (36,915 )

TAW Fabrications Ltd (Registered number: 14166392)

Balance Sheet - continued
30 June 2024


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 director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr T A Widd - Director


TAW Fabrications Ltd (Registered number: 14166392)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

TAW Fabrications 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.

The Financial statements have been prepared on the going concern basis. The Balance Sheet at 30 June 2024 is insolvent by £38,135 (2023: £36,915). The director has shown his willingness to support the company.

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 amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


TAW Fabrications Ltd (Registered number: 14166392)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 12,000
AMORTISATION
At 1 July 2023 1,200
Charge for year 1,200
At 30 June 2024 2,400
NET BOOK VALUE
At 30 June 2024 9,600
At 30 June 2023 10,800

TAW Fabrications Ltd (Registered number: 14166392)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 48,586 19,750 68,336
Additions 30,329 3,762 34,091
At 30 June 2024 78,915 23,512 102,427
DEPRECIATION
At 1 July 2023 4,859 4,938 9,797
Charge for year 7,406 4,644 12,050
At 30 June 2024 12,265 9,582 21,847
NET BOOK VALUE
At 30 June 2024 66,650 13,930 80,580
At 30 June 2023 43,727 14,812 58,539

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 - 19,750 19,750
Additions 18,872 - 18,872
At 30 June 2024 18,872 19,750 38,622
DEPRECIATION
At 1 July 2023 - 4,938 4,938
Charge for year 1,887 3,703 5,590
At 30 June 2024 1,887 8,641 10,528
NET BOOK VALUE
At 30 June 2024 16,985 11,109 28,094
At 30 June 2023 - 14,812 14,812

6. STOCKS
2024 2023
£    £   
Stocks 3,000 300

TAW Fabrications Ltd (Registered number: 14166392)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,952 1,126
Other debtors 775 915
VAT - 3,517
3,727 5,558

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 25,060 31,703
Hire purchase contracts 11,587 11,356
VAT 5,067 -
Other creditors 1,679 420
Directors' current accounts 78,963 64,650
Accruals and deferred income 1,475 1,593
123,831 109,722

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 15,383 12,344

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1