Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07466648 Mr T L Walker Mr R J Walker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07466648 2023-12-31 07466648 2024-12-31 07466648 2024-01-01 2024-12-31 07466648 frs-core:CurrentFinancialInstruments 2024-12-31 07466648 frs-core:Non-currentFinancialInstruments 2024-12-31 07466648 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07466648 frs-core:MotorVehicles 2024-12-31 07466648 frs-core:MotorVehicles 2024-01-01 2024-12-31 07466648 frs-core:MotorVehicles 2023-12-31 07466648 frs-core:PlantMachinery 2024-12-31 07466648 frs-core:PlantMachinery 2024-01-01 2024-12-31 07466648 frs-core:PlantMachinery 2023-12-31 07466648 frs-core:ShareCapital 2024-12-31 07466648 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07466648 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07466648 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07466648 frs-bus:SmallEntities 2024-01-01 2024-12-31 07466648 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07466648 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07466648 frs-bus:Director1 2024-01-01 2024-12-31 07466648 frs-bus:Director2 2024-01-01 2024-12-31 07466648 frs-countries:EnglandWales 2024-01-01 2024-12-31 07466648 2022-12-31 07466648 2023-12-31 07466648 2023-01-01 2023-12-31 07466648 frs-core:CurrentFinancialInstruments 2023-12-31 07466648 frs-core:Non-currentFinancialInstruments 2023-12-31 07466648 frs-core:ShareCapital 2023-12-31 07466648 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07466648
TLW Plant & Contracting Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07466648
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 441,923 481,398
441,923 481,398
CURRENT ASSETS
Debtors 5 692,912 833,466
Cash at bank and in hand 609 926
693,521 834,392
Creditors: Amounts Falling Due Within One Year 6 (209,280 ) (233,274 )
NET CURRENT ASSETS (LIABILITIES) 484,241 601,118
TOTAL ASSETS LESS CURRENT LIABILITIES 926,164 1,082,516
Creditors: Amounts Falling Due After More Than One Year 7 (164,759 ) (253,430 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (98,233 ) (107,295 )
NET ASSETS 663,172 721,791
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 663,072 721,691
SHAREHOLDERS' FUNDS 663,172 721,791
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Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R J Walker
Director
14 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TLW Plant & Contracting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07466648 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates taxable
income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the
financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.6. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the
company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient
assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 584,595 70,413 655,008
Additions 19,102 30,470 49,572
Disposals (7,800 ) - (7,800 )
As at 31 December 2024 595,897 100,883 696,780
Depreciation
As at 1 January 2024 140,381 33,229 173,610
Provided during the period 66,282 15,644 81,926
Disposals (679 ) - (679 )
As at 31 December 2024 205,984 48,873 254,857
Net Book Value
As at 31 December 2024 389,913 52,010 441,923
As at 1 January 2024 444,214 37,184 481,398
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 692,912 833,466
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 118,822 114,963
Trade creditors 8,685 7,871
Bank loans and overdrafts 8,875 7,912
Other creditors 5,929 7,277
Taxation and social security 66,969 95,251
209,280 233,274
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 159,084 241,655
Bank loans 5,675 11,775
164,759 253,430
Creditors due within one year includes hire purchase contracts which are secured of £118,822 (2023 - £114,963).
The contracts are secured by the asset to which they relate.
Creditors due after one year includes hire purchase contracts which are secured of £159,084 (2023-£241,665). The
contracts are secured by the asset to which they relate.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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