1 October 2023 false No description of principal activity Taxfiler 2024.6 14375040business:PrivateLimitedCompanyLtd2023-10-012024-09-30 143750402023-09-30 143750402023-10-012024-09-30 14375040business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 14375040business:FilletedAccounts2023-10-012024-09-30 143750402024-09-30 14375040business:Director22023-10-012024-09-30 14375040business:Director32023-10-012024-09-30 14375040business:Director52023-10-012024-09-30 14375040business:RegisteredOffice2023-10-012024-09-30 143750402023-09-30 14375040core:WithinOneYear2024-09-30 14375040core:WithinOneYear2023-09-30 14375040core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 14375040core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 14375040core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 14375040core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 14375040core:PreviouslyStatedAmount2024-09-30 14375040core:PreviouslyStatedAmount2023-09-30 14375040business:SmallEntities2023-10-012024-09-30 14375040countries:EnglandWales2023-10-012024-09-30 14375040core:PlantMachinery2023-10-012024-09-30 14375040core:FurnitureFittings2023-10-012024-09-30 14375040core:ComputerEquipment2023-10-012024-09-30 14375040core:IntangibleAssetsOtherThanGoodwill2023-09-30 14375040core:IntangibleAssetsOtherThanGoodwill2024-09-30 14375040core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30 14375040core:PlantMachinery2023-09-30 14375040core:FurnitureFittings2023-09-30 14375040core:ComputerEquipment2023-09-30 14375040core:PlantMachinery2024-09-30 14375040core:FurnitureFittings2024-09-30 14375040core:ComputerEquipment2024-09-30 143750402022-09-252023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 14375040 (England and Wales)
TR Wings Limited Unaudited accounts for the year ended 30 September 2024
TR Wings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
TR Wings Limited Company Information for the year ended 30 September 2024
Directors
Avtar Singh Sandhar Ravtej Singh Mangat Sharanjeet Kaur Choongh
Company Number
14375040 (England and Wales)
Registered Office
Local Centre Unit 5 Pye Green Rd Noble Road Hednesford Cannock WS12 4RW United Kingdom
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TR Wings Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
12,000 
13,500 
Tangible assets
5
113,871 
135,279 
125,871 
148,779 
Current assets
Inventories
4,950 
3,200 
Debtors
6
86,543 
28,260 
Cash at bank and in hand
40,001 
38,407 
131,494 
69,867 
Creditors: amounts falling due within one year
7
(165,564)
(207,153)
Net current liabilities
(34,070)
(137,286)
Total assets less current liabilities
91,801 
11,493 
Provisions for liabilities
Deferred tax
(15,522)
- 
Net assets
76,279 
11,493 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
76,179 
11,393 
Shareholders' funds
76,279 
11,493 
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
Avtar Singh Sandhar Director Company Registration No. 14375040
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TR Wings Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
TR Wings Limited is a private company, limited by shares, registered in England and Wales, registration number 14375040. The registered office is Local Centre, Unit 5 Pye Green Rd Noble Road, Hednesford, Cannock, WS12 4RW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The 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. The financial statements are prepared in pound sterling (£), which is the functional and presentation currency of the company.
Turnover
Turnover represents restaurant takings registered at the point of sale through electronic tills, and is shown net of Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33.33% reducing balance
Other intangible assets
Other intangible assets represent franchise fees. Franchise fees are amortised over their useful life of over 10 years.
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: 1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
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TR Wings Limited Notes to the Accounts for the year ended 30 September 2024
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing difference are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in difference periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.
Stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
15,000 
At 30 September 2024
15,000 
Amortisation
At 1 October 2023
1,500 
Charge for the year
1,500 
At 30 September 2024
3,000 
Net book value
At 30 September 2024
12,000 
At 30 September 2023
13,500 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
163,326 
- 
400 
163,726 
Additions
4,264 
1,485 
1,216 
6,965 
Disposals
(742)
- 
- 
(742)
At 30 September 2024
166,848 
1,485 
1,616 
169,949 
Depreciation
At 1 October 2023
28,325 
- 
122 
28,447 
Charge for the year
27,268 
210 
153 
27,631 
At 30 September 2024
55,593 
210 
275 
56,078 
Net book value
At 30 September 2024
111,255 
1,275 
1,341 
113,871 
At 30 September 2023
135,001 
- 
278 
135,279 
- 6 -
TR Wings Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,988 
5,382 
Deferred tax asset
- 
2,850 
Accrued income and prepayments
12,366 
3,092 
Other debtors
57,189 
16,936 
86,543 
28,260 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
31,398 
19,958 
Trade creditors
14,468 
4,285 
Taxes and social security
5,920 
1,616 
Other creditors
12,278 
94 
Loans from directors
100,000 
180,000 
Accruals
1,500 
1,200 
165,564 
207,153 
8
Average number of employees
During the year the average number of employees was 15 (2023: 14).
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