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TIW NETWORK LTD

(formerly THIS IS WEALTH LTD)

Registered Number
SC761718
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2025

TIW NETWORK LTD
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

CLARK, Steven David
DYER, Samuel Richard

Registered Address

195 Queensferry Road
Rosyth
Dunfermline
KY11 2JH

Registered Number

SC761718 (Scotland)
TIW NETWORK LTD
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets324,222-
24,222-
Current assets
Debtors8,5524,490
Cash at bank and on hand34,93917,514
43,49122,004
Creditors amounts falling due within one year4(55,262)(19,993)
Net current assets (liabilities)(11,771)2,011
Total assets less current liabilities12,4512,011
Creditors amounts falling due after one year5(15,512)-
Net assets(3,061)2,011
Capital and reserves
Called up share capital100100
Profit and loss account(3,161)1,911
Shareholders' funds(3,061)2,011
The financial statements were approved and authorised for issue by the Board of Directors on 29 July 2025, and are signed on its behalf by:
CLARK, Steven David
Director
DYER, Samuel Richard
Director

Registered Company No. SC761718
TIW NETWORK LTD
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Vehicles5
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20252024
Average number of employees during the year72
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
Additions27,2401,80929,049
At 31 March 2527,2401,80929,049
Depreciation and impairment
Charge for year4,5402874,827
At 31 March 254,5402874,827
Net book value
At 31 March 2522,7001,52224,222
At 31 March 24---
4.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables20,5731,214
Amounts owed to related parties10,31030
Taxation and social security19,53918,749
Finance lease and HP contracts4,540-
Other creditors300-
Total55,26219,993
5.Creditors: amounts due after one year

2025

2024

££
Other creditors15,512-
Total15,512-
6.Obligations under finance leases

2025

2024

££
Finance lease and HP contracts15,512-