Townweir Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC274422 (Scotland)

Unaudited Financial Statements

For The Year Ended 31st October 2019

for

Townweir Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W A Bulloch

SECRETARY:

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC274422 (Scotland)

ACCOUNTANTS:

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Tangible assets

4

19,653

23,131

CURRENT ASSETS

Debtors

5

14,307

14,253

Cash at bank

51,208

42,656

65,515

56,909

CREDITORS

Amounts falling due within one year

6

(33,563

)

(37,046

)

NET CURRENT ASSETS

31,952

19,863

TOTAL ASSETS LESS CURRENT LIABILITIES

51,605

42,994

CREDITORS

Amounts falling due after more than one year

7

(10,892

)

(15,086

)

NET ASSETS

40,713

27,908

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

40,711

27,906

SHAREHOLDERS' FUNDS

40,713

27,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2019 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 1st June 2020 and were signed by:

W A Bulloch - Director

1.	STATUTORY INFORMATION

Townweir Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

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.

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 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st November 2018

and 31st October 2019

28,714

DEPRECIATION

At 1st November 2018

5,583

Charge for year

3,478

At 31st October 2019

9,061

NET BOOK VALUE

At 31st October 2019

19,653

At 31st October 2018

23,131

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

4,308

4,254

Amounts falling due after more than one year:

Other debtors

9,999

9,999

Aggregate amounts

14,307

14,253

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

4,194

4,194

Trade creditors

(1

)

-

Taxation and social security

28,209

23,477

Other creditors

1,161

9,375

33,563

37,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

10,892

15,086