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REGISTERED NUMBER: 04220593 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Tracy Ward Textiles Limited

Tracy Ward Textiles Limited (Registered number: 04220593)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tracy Ward Textiles Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: T P F Ward
Miss C R Ward





SECRETARY: F J Ward





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 04220593 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Tracy Ward Textiles Limited (Registered number: 04220593)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 4,934 6,722

CURRENT ASSETS
Debtors 5 69,938 298,634
Cash at bank 398,743 145,251
468,681 443,885
CREDITORS
Amounts falling due within one year 6 57,406 46,846
NET CURRENT ASSETS 411,275 397,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,209

403,761

PROVISIONS FOR LIABILITIES 1,142 1,496
NET ASSETS 415,067 402,265

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 415,066 402,264
SHAREHOLDERS' FUNDS 415,067 402,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Tracy Ward Textiles Limited (Registered number: 04220593)

Balance Sheet - continued
31 March 2025


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 24 April 2025 and were signed on its behalf by:




T P F Ward - Director



Miss C R Ward - Director


Tracy Ward Textiles Limited (Registered number: 04220593)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Tracy Ward Textiles Limited 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.

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 etc - 25% on reducing balance

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 3 (2024 - 3 ) .

Tracy Ward Textiles Limited (Registered number: 04220593)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 13,157
Disposals (1,355 )
At 31 March 2025 11,802
DEPRECIATION
At 1 April 2024 6,435
Charge for year 1,644
Eliminated on disposal (1,211 )
At 31 March 2025 6,868
NET BOOK VALUE
At 31 March 2025 4,934
At 31 March 2024 6,722

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 46,500 45,196
Other debtors 23,438 253,438
69,938 298,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Tax 25,090 21,388
VAT 504 534
Directors' current accounts 30,662 23,799
Accrued expenses 1,150 1,125
57,406 46,846

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
10 Ordinary £0.10 1 1

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,500 (2024 - £63,333) were paid to the directors .