IRIS Accounts Production v25.1.3.33 07241217 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Ordinary 2.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072412172023-09-30072412172024-09-30072412172023-10-012024-09-30072412172022-09-30072412172022-10-012023-09-30072412172023-09-3007241217ns15:EnglandWales2023-10-012024-09-3007241217ns14:PoundSterling2023-10-012024-09-3007241217ns10:Director12023-10-012024-09-3007241217ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007241217ns10:SmallEntities2023-10-012024-09-3007241217ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007241217ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007241217ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007241217ns10:FullAccounts2023-10-012024-09-3007241217ns10:OrdinaryShareClass12023-10-012024-09-3007241217ns10:Director22023-10-012024-09-3007241217ns10:Director32023-10-012024-09-3007241217ns10:RegisteredOffice2023-10-012024-09-3007241217ns5:CurrentFinancialInstruments2024-09-3007241217ns5:CurrentFinancialInstruments2023-09-3007241217ns5:Non-currentFinancialInstruments2024-09-3007241217ns5:Non-currentFinancialInstruments2023-09-3007241217ns5:ShareCapital2024-09-3007241217ns5:ShareCapital2023-09-3007241217ns5:RetainedEarningsAccumulatedLosses2024-09-3007241217ns5:RetainedEarningsAccumulatedLosses2023-09-3007241217ns5:PlantMachinery2023-10-012024-09-3007241217ns5:FurnitureFittings2023-10-012024-09-3007241217ns5:MotorVehicles2023-10-012024-09-3007241217ns5:PlantMachinery2023-09-3007241217ns5:FurnitureFittings2023-09-3007241217ns5:MotorVehicles2023-09-3007241217ns5:PlantMachinery2024-09-3007241217ns5:FurnitureFittings2024-09-3007241217ns5:MotorVehicles2024-09-3007241217ns5:PlantMachinery2023-09-3007241217ns5:FurnitureFittings2023-09-3007241217ns5:MotorVehicles2023-09-3007241217ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007241217ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007241217ns5:DeferredTaxation2023-09-3007241217ns5:DeferredTaxation2023-10-012024-09-3007241217ns5:DeferredTaxation2024-09-3007241217ns10:OrdinaryShareClass12024-09-3007241217ns10:Director222023-09-3007241217ns10:Director222022-09-3007241217ns10:Director222023-10-012024-09-3007241217ns10:Director222022-10-012023-09-3007241217ns10:Director222024-09-3007241217ns10:Director222023-09-30072412171ns10:Director12023-09-30072412171ns10:Director12022-09-30072412171ns10:Director12023-10-012024-09-30072412171ns10:Director12022-10-012023-09-30072412171ns10:Director12024-09-30072412171ns10:Director12023-09-30072412173ns10:Director32023-09-30072412173ns10:Director32022-09-30072412173ns10:Director32023-10-012024-09-30072412173ns10:Director32022-10-012023-09-30072412173ns10:Director32024-09-30072412173ns10:Director32023-09-30
REGISTERED NUMBER: 07241217 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

THWG LIMITED

THWG LIMITED (REGISTERED NUMBER: 07241217)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THWG LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: Mr D Hall
Ms A J Masterson
Mr D Robinson





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 07241217 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

THWG LIMITED (REGISTERED NUMBER: 07241217)

Balance Sheet
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 519,774 294,033

CURRENT ASSETS
Stocks 538,365 353,940
Debtors 5 850,229 1,587,699
Cash at bank 1,590,210 1,124,532
2,978,804 3,066,171
CREDITORS
Amounts falling due within one year 6 2,545,721 2,409,015
NET CURRENT ASSETS 433,083 657,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,857

951,189

CREDITORS
Amounts falling due after more than one
year

7

(33,930

)

(67,604

)

PROVISIONS FOR LIABILITIES 9 (47,921 ) (47,712 )
NET ASSETS 871,006 835,873

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 871,004 835,871
SHAREHOLDERS' FUNDS 871,006 835,873

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Ms A J Masterson - Director


THWG LIMITED (REGISTERED NUMBER: 07241217)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Thwg 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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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

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 11 (2023 - 12 ) .

THWG LIMITED (REGISTERED NUMBER: 07241217)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 33,426 113,721 438,054 585,201
Additions - - 395,708 395,708
Disposals - - (118,434 ) (118,434 )
At 30 September 2024 33,426 113,721 715,328 862,475
DEPRECIATION
At 1 October 2023 26,112 67,377 197,679 291,168
Charge for year 1,463 10,978 85,221 97,662
Eliminated on disposal - - (46,129 ) (46,129 )
At 30 September 2024 27,575 78,355 236,771 342,701
NET BOOK VALUE
At 30 September 2024 5,851 35,366 478,557 519,774
At 30 September 2023 7,314 46,344 240,375 294,033

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 599,698 1,359,637
Other debtors 250,531 228,062
850,229 1,587,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,800 20,116
Trade creditors 1,857,176 1,440,862
Taxation and social security 485,155 635,072
Other creditors 177,590 302,965
2,545,721 2,409,015

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,667 16,667
Hire purchase contracts 27,263 50,937
33,930 67,604

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 43,063 71,053

THWG LIMITED (REGISTERED NUMBER: 07241217)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 47,921 47,712

Deferred
tax
£   
Balance at 1 October 2023 47,712
Provided during year 209
Balance at 30 September 2024 47,921

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £2 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
Mr D Hall
Balance outstanding at start of year 45,276 45,276
Amounts advanced 137,751 40,750
Amounts repaid (137,751 ) (40,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,276 45,276

Ms A J Masterson
Balance outstanding at start of year 45,276 45,276
Amounts advanced 107,690 40,750
Amounts repaid (107,690 ) (40,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,276 45,276

Mr D Robinson
Balance outstanding at start of year - -
Amounts advanced 39,856 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,856 -