DTW (SPV) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06537097 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

DTW (SPV) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Ballard

Mrs S R Ballard

SECRETARY:

Mrs S R Ballard

REGISTERED OFFICE:

45/51 Wychtree Street

Morriston

Swansea

West Glamorgan

SA6 8EX

REGISTERED NUMBER:

06537097 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

Chartered Accountants

13a Victoria Gardens

Neath

West Glamorgan

SA11 3AY

CURRENT ASSETS

Stocks

270,000

270,000

Cash at bank

216

179

270,216

270,179

CREDITORS

Amounts falling due within one year

4

273,657

273,196

NET CURRENT LIABILITIES

(3,441

)

(3,017

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,441

)

(3,017

)

CAPITAL AND RESERVES

Called up share capital

75

75

Retained earnings

(3,516

)

(3,092

)

SHAREHOLDERS' FUNDS

(3,441

)

(3,017

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 Board of Directors on 4 February 2020 and were signed on its behalf by:

Mr P Ballard - Director

1.	STATUTORY INFORMATION

DTW (SPV) 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.

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern

basis for the preparation of the financial statements. After making enquiries the directors have a reasonable

expectation that the company has resources to continue in operational existence for next financial year and the

twelve months from the date of the approval of these accounts. The company continues to be supported by its

associated companies under common control. For this reason they continue to adopt the going concern basis in

preparing the financial statements.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 NIL (2018 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Amounts due to related companies

273,279

272,813

Accrued expenses

378

383

273,657

273,196

5.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £273,279 (2018 £272,813) owing to Tapestart Limited.

Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies under the

same common control.