Company Registration No. 5511434 (England and Wales)
Towy Projects Limited
Unaudited accounts
for the year ended 31 July 2018
Towy Projects Limited
Unaudited accounts
Contents
Towy Projects Limited
Company Information
for the year ended 31 July 2018
Company Number
5511434 (England and Wales)
Registered Office
Garregfechan
Porthyryd
Llanwrda
SA19 8PB
Accountants
Nigel Rees Accountancy Limited
Cairnsmuir
6 Penyfai lane
Llanelli
SA15 4EN
Towy Projects Limited
Statement of financial position
as at
31 July 2018
Tangible assets
49,512
27,825
Inventories
20,700
20,700
Cash at bank and in hand
(18,266)
5,006
Creditors: amounts falling due within one year
(85,257)
(72,195)
Net current liabilities
(11,207)
(27,589)
Total assets less current liabilities
38,305
236
Creditors: amounts falling due after more than one year
(36,303)
-
Called up share capital
2
2
Profit and loss account
2,000
234
Shareholders' funds
2,002
236
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 February 2019.
I Davies
Director
Company Registration No. 5511434
Towy Projects Limited
Notes to the Accounts
for the year ended 31 July 2018
Towy Projects Limited is a private company, limited by shares, registered in England and Wales, registration number 5511434. The registered office is Garregfechan, Porthyryd, Llanwrda, SA19 8PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Towy Projects Limited
Notes to the Accounts
for the year ended 31 July 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2017
36,027
43,170
79,197
Additions
17,545
28,750
46,295
At 31 July 2018
53,572
71,920
125,492
At 1 August 2017
20,498
30,874
51,372
Charge for the year
11,273
13,335
24,608
At 31 July 2018
31,771
44,209
75,980
At 31 July 2018
21,801
27,711
49,512
At 31 July 2017
15,529
12,296
27,825
Work in progress
17,700
-
Accrued income and prepayments
600
-
Other debtors
36,567
18,900
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
15,044
26,863
Obligations under finance leases and hire purchase contracts
28,249
9,135
Trade creditors
22,723
26,195
Taxes and social security
17,739
10,867
Other creditors
1,100
(865)
8
Creditors: amounts falling due after more than one year
2018
2017
Towy Projects Limited
Notes to the Accounts
for the year ended 31 July 2018
9
Average number of employees
During the year the average number of employees was 0 (2017: 3).