Company Registration No. 5511434 (England and Wales)
Towy Projects Limited
Unaudited accounts
for the year ended 31 July 2021
Towy Projects Limited
Unaudited accounts
Contents
Towy Projects Limited
Company Information
for the year ended 31 July 2021
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 2021
Cash at bank and in hand
(38,340)
(5,695)
Creditors: amounts falling due within one year
(21,910)
(15,633)
Net current assets
28,277
66,293
Total assets less current liabilities
28,277
86,551
Creditors: amounts falling due after more than one year
(57,939)
(89,653)
Net liabilities
(29,662)
(3,102)
Called up share capital
2
2
Profit and loss account
(29,664)
(3,104)
Shareholders' funds
(29,662)
(3,102)
For the year ending 31 July 2021 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.
The financial statements were approved by the Board and authorised for issue on 21 April 2022 and were signed on its behalf by
I Davies
Director
Company Registration No. 5511434
Towy Projects Limited
Notes to the Accounts
for the year ended 31 July 2021
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2020
53,572
71,920
125,492
At 31 July 2021
53,572
71,920
125,492
At 1 August 2020
43,045
62,189
105,234
Charge for the year
10,527
9,731
20,258
At 31 July 2021
53,572
71,920
125,492
At 31 July 2020
10,527
9,731
20,258
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
60,490
52,282
Accrued income and prepayments
-
600
Other debtors
25,262
26,156
Towy Projects Limited
Notes to the Accounts
for the year ended 31 July 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
1
1
Obligations under finance leases and hire purchase contracts
6,446
11,646
Trade creditors
5,031
968
Taxes and social security
10,030
2,616
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 5 (2020: 5).