Company Registration No. 09007006 (England and Wales)
THAMESWAY CONTRACTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
THAMESWAY CONTRACTORS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THAMESWAY CONTRACTORS LTD
Company Registration No. 09007006
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
51,831
3,039
Current assets
Debtors
4
58,804
98,565
Cash at bank and in hand
240,176
186,887
298,980
285,452
Creditors: amounts falling due within one year
5
(110,881)
(84,983)
Net current assets
188,099
200,469
Net assets
239,930
203,508
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
239,920
203,498
Total equity
239,930
203,508

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have 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 by the board of directors and authorised for issue on 24 March 2025 and are signed on its behalf by:
G Loveridge
M Loveridge
Director
Director
THAMESWAY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Thamesway Contractors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Fan Cottage, Lyne Lane, Lyne, Chertsey, KT16 0AJ.

1.1
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.

1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the course of construction activities, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
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:

Plant and equipment
33% straight line
Fixtures and fittings
33% straight line
Computers
33% straight line
Motor vehicles
25% straight line
1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

THAMESWAY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

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

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 May 2023
23,030
547
2,412
21,668
47,657
Additions
146
-
0
599
55,443
56,188
At 30 April 2024
23,176
547
3,011
77,111
103,845
Depreciation and impairment
At 1 May 2023
20,287
522
2,141
21,668
44,618
Depreciation charged in the year
987
24
263
6,122
7,396
At 30 April 2024
21,274
546
2,404
27,790
52,014
Carrying amount
At 30 April 2024
1,902
1
607
49,321
51,831
At 30 April 2023
2,743
25
271
-
0
3,039
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
36,635
88,965
Other debtors
22,169
9,600
58,804
98,565
THAMESWAY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
14,354
17,004
Taxation and social security
32,363
47,765
Other creditors
64,164
20,214
110,881
84,983
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
7
Related party transactions

At the balance sheet date the company owed £45,489 (2023 - £12,066) to the directors M & G Loveridge. This loan is interest free and repayable on demand.

 

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