THW Limited - Limited company accounts 18.2

REGISTERED NUMBER: 09091630 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2019

FOR

THW LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Mr J Heffron

Mr T Wright

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

09091630 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

The directors present their report with the financial statements of the company for the year ended 30th June 2019.

CHANGE OF NAME

The company passed a special resolution on 1st July 2018 changing its name from L&R RESPIRATION SYSTEMS LIMITED
to THW Limited.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of tiling services.

DIRECTORS

The directors who have held office during the period from 1st July 2018 to the date of this report are as follows:

Mr M.B. Driver - resigned 1st June 2019

Mrs K Gibbins - resigned 1st June 2019

Mr S.J. Driver - resigned 1st June 2019

Miss G Wolfson - appointed 1st June 2019

Mr J Heffron - appointed 30th June 2019

Mr T Wright - appointed 30th June 2019

Miss G Wolfson ceased to be a director after 30th June 2019 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve

the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company

and of the profit or loss of the company for that period. In preparing these financial statements, the directors are

required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr J Heffron - Director

31st March 2020

REVENUE

72,141

-

Cost of sales

14,602

-

GROSS PROFIT

57,539

-

Administrative expenses

20,661

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

36,878

-

Tax on profit

7,007

-

PROFIT FOR THE FINANCIAL YEAR

29,871

-

CURRENT ASSETS

Debtors

5

14,041

-

Cash at bank and in hand

1,017

2,000

15,058

2,000

CREDITORS

Amounts falling due within one year

6

11,187

-

NET CURRENT ASSETS

3,871

2,000

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,871

2,000

CAPITAL AND RESERVES

Called up share capital

7

2,000

Retained earnings

8

1,871

-

SHAREHOLDERS' FUNDS

3,871

2,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 31st March 2020 and were signed on its behalf by:

Mr J Heffron - Director

1.	STATUTORY INFORMATION

THW Limited 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - NIL ) .

4.

DIVIDENDS

2019

2018

£

Ordinary shares of 1 each

Interim

28,000

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

4,041

-

Accrued income

10,000

-

14,041

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Tax

7,007

-

Directors' current accounts

1,480

-

Accruals and deferred income

2,700

-

11,187

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

2,000

Ordinary

1

2,000

8.

RESERVES

Retained

earnings

£

Profit for the year

29,871

Dividends

(28,000

)

At 30th June 2019

1,871

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties by virtue of their combined 100% ownership of the ordinary

share capital.