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

REGISTERED NUMBER: 08202838 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2021

for

TWU Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

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

403

545

CURRENT ASSETS

Debtors

5

6,875

8,784

Cash at bank

830

12,144

7,705

20,928

CREDITORS

Amounts falling due within one year

6

9,910

2,733

NET CURRENT (LIABILITIES)/ASSETS

(2,205

)

18,195

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,802

)

18,740

CREDITORS

Amounts falling due after more than one year

7

14,667

18,667

NET (LIABILITIES)/ASSETS

(16,469

)

73

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

(16,479

)

63

SHAREHOLDERS' FUNDS

(16,469

)

73

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 31 March 2022 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 NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 October 2020

and 30 September 2021

6,778

800

7,578

DEPRECIATION

At 1 October 2020

6,770

263

7,033

Charge for year

8

134

142

At 30 September 2021

6,778

397

7,175

NET BOOK VALUE

At 30 September 2021

-

403

403

At 30 September 2020

8

537

545

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Directors' current accounts

2,743

8,523

Tax

3,847

-

Prepayments

285

261

6,875

8,784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Other loans

3,999

1,334

Tax

-

874

Social security and other taxes

4,805

-

VAT

336

-

Accrued expenses

770

525

9,910

2,733

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Other loans - 1-2 years

4,000

4,000

Other loans - 2-5 years

10,667

12,000

Other loans more 5yrs instal

-

2,667

14,667

18,667

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

2,667

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.9.21

30.9.20

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 October 2020

63

Deficit for the year

(16,542

)

At 30 September 2021

(16,479

)

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21

30.9.20

£

£

P Watson

Balance outstanding at start of year

8,523

4,761

Amounts advanced

15,450

6,993

Amounts repaid

(21,230

)

(3,231

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,743

8,523

Overdrawn director loan accounts was repaid within 9 months of the year end.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TWU Ltd for the year ended 30 September 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of TWU Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TWU Ltd and state those matters that we have agreed to state to the director of TWU Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TWU Ltd and its director for our work or for this report.

It is your duty to ensure that TWU Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of TWU Ltd. You consider that TWU Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TWU Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

31 March 2022