T K W 88 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10050292 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

T K W 88 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T K Wu

REGISTERED OFFICE:

1 Tasmania Road

Brockley Whins

South Shields

Tyne and Wear

NE34 9DX

REGISTERED NUMBER:

10050292 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

52-56 Coatsworth Road

Gateshead

NE8 1QN

Fixed assets

Intangible assets

4

-

Tangible assets

5

2,408

2,747

2,408

2,747

Current assets

Stocks

650

510

Cash at bank and in hand

28,581

17,242

29,231

17,752

Creditors

Amounts falling due within one year

6

(12,936

)

(10,769

)

Net current assets

16,295

6,983

Total assets less current liabilities

18,703

9,730

Capital and reserves

Called up share capital

1

Retained earnings

7

18,702

9,729

18,703

9,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2026 and were signed by:

T K Wu - Director

1.	STATUTORY INFORMATION

T K W 88 Ltd 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Not Depreciated

Plant and machinery

-

15% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 5 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

56,999

AMORTISATION

At 1 April 2025

and 31 March 2026

56,999

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Long

Plant and

leasehold

machinery

Totals

£

COST

At 1 April 2025

and 31 March 2026

491

4,690

5,181

DEPRECIATION

At 1 April 2025

-

2,434

Charge for year

-

339

At 31 March 2026

-

2,773

NET BOOK VALUE

At 31 March 2026

491

1,917

2,408

At 31 March 2025

491

2,256

2,747

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

1,896

1,423

Pension contributions - unpaid

113

92

Corporation tax

2,184

1,258

Social security and other tax

417

VAT

5,068

4,321

Directors' current accounts

3,258

12,936

10,769

7.

RESERVES

Retained

earnings

£

At 1 April 2025

9,729

Profit for the year

8,973

At 31 March 2026

18,702