TWC Fair Traders

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 05567205

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	14,481		13,199
Debtors	5	2,041		2,189
Cash at bank and in hand		37,165		47,095

		53,687		62,483
Creditors: Amounts Falling Due Within One Year	6	(776 )		(328 )

NET CURRENT ASSETS (LIABILITIES)			52,911		62,155

TOTAL ASSETS LESS CURRENT LIABILITIES			52,911		62,155

NET ASSETS			52,911		62,155

Income and Expenditure Account			52,911		62,155

MEMBERS' FUNDS			52,911		62,155

For the year ending 31 December 2025 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 Income and Expenditure Account.

On behalf of the board

Mrs Julie Cheshire

Director

21/04/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

TWC Fair Traders is a private company, limited by guarantee, incorporated in England & Wales, registered number 05567205 . The registered office is 1 Cornmarket Court, Wimborne, Dorset, BH21 1JL.

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 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 2)

4. Stocks

	2025	2024
	£	£
Stock	14,481	13,199

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,041	2,100
Other debtors	-	1
Other taxes and social security	-	88

	2,041	2,189

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TWC Fair Traders

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	(302 )	(302 )
Other taxes and social security	111	-
Accruals and deferred income	967	630

	776	328

7. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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