TWU Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08202838 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

TWU Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Watson

REGISTERED OFFICE:

9 Priory Road

Clifton

Bristol

BS8 1TU

REGISTERED NUMBER:

08202838 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

FIXED ASSETS

Tangible assets

4

1,508

1,574

CURRENT ASSETS

Debtors

5

6,417

8,556

Cash at bank

938

1,669

7,355

10,225

CREDITORS

Amounts falling due within one year

6

8,839

11,318

NET CURRENT LIABILITIES

(1,484

)

(1,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24

481

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

8

14

471

SHAREHOLDERS' FUNDS

24

481

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 June 2020 and were signed by:

P Watson - Director

1.	STATUTORY INFORMATION

TWU 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.

Tangible fixed assets

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

Plant and machinery

-

33.33% on cost

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2018

6,778

-

6,778

Additions

-

800

800

At 30 September 2019

6,778

800

7,578

DEPRECIATION

At 1 October 2018

5,204

-

5,204

Charge for year

783

83

866

At 30 September 2019

5,987

83

6,070

NET BOOK VALUE

At 30 September 2019

791

717

1,508

At 30 September 2018

1,574

-

1,574

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

1,656

8,556

Directors' current accounts

4,761

-

6,417

8,556

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

-

1

Tax

5,362

4,897

VAT

2,952

3,730

Directors' current accounts

-

820

Accrued expenses

525

1,870

8,839

11,318

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

10

Share capital 1

1

10

10

8.

RESERVES

Retained

earnings

£

At 1 October 2018

471

Profit for the year

21,943

Dividends

(22,400

)

At 30 September 2019

14

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2019 and

30 September 2018:

30.9.19

30.9.18

£

£

P Watson

Balance outstanding at start of year

(820

)

(6,844

)

Amounts advanced

14,589

35,055

Amounts repaid

(9,008

)

(29,031

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,761

(820

)

Overdrawn Directors current accounts balances were repaid within 9 months of the year end.