Thamesway Plant Hire Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 09952819 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Thamesway Plant Hire Ltd

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

P N Smith

REGISTERED OFFICE:

Unit E, Holm Road

Acorn Industrial Park

Crayford

Kent

DA1 4AL

REGISTERED NUMBER:

09952819 (England and Wales)

ACCOUNTANTS:

Mudd Partners LLP

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

The director presents his report with the financial statements of the company for the year ended 31 January 2023.

DIRECTOR

P N Smith held office during the whole of the period from 1 February 2022 to the date of this report.

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:

P N Smith - Director

14 July 2023

FIXED ASSETS

Tangible assets

4

12,909

17,212

CURRENT ASSETS

Debtors

5

55,931

39,890

Cash at bank

1,124

4,502

57,055

44,392

CREDITORS

Amounts falling due within one year

6

57,198

43,818

NET CURRENT (LIABILITIES)/ASSETS

(143

)

574

TOTAL ASSETS LESS CURRENT LIABILITIES

12,766

17,786

CREDITORS

Amounts falling due after more than one year

7

12,650

17,357

NET ASSETS

116

429

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

16

329

SHAREHOLDERS' FUNDS

116

429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 14 July 2023 and were signed by:

P N Smith - Director

1.	STATUTORY INFORMATION

Thamesway Plant Hire 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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

-

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 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2022

and 31 January 2023

30,600

DEPRECIATION

At 1 February 2022

13,388

Charge for year

4,303

At 31 January 2023

17,691

NET BOOK VALUE

At 31 January 2023

12,909

At 31 January 2022

17,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Other debtors

13,832

9,784

Directors' current accounts

42,099

30,106

55,931

39,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans and overdrafts

5,218

5,218

Trade creditors

-

450

Tax

29,951

22,261

VAT

6,249

8,657

Inter-company loan

14,132

5,632

Accruals and deferred income

1,648

1,250

Accrued expenses

-

350

57,198

43,818

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans - 1-2 years

5,218

5,218

Bank loans - 2-5 years

7,432

12,139

12,650

17,357

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23

31.1.22

£

£

P N Smith

Balance outstanding at start of year

30,106

-

Amounts advanced

35,500

108,418

Amounts repaid

(23,507

)

(78,312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,099

30,106