Company Registration No. 01836033 (England and Wales)
Truwood Furniture Limited
Unaudited accounts
for the year ended 31 March 2023
Truwood Furniture Limited
Unaudited accounts
Contents
Truwood Furniture Limited
Company Information
for the year ended 31 March 2023
Company Number
01836033 (England and Wales)
Registered Office
BROMFIELD INDUSTRIAL ESTATE
MOLD
FLINTSHIRE
CH7 1JR
Accountants
ACCOUNTING & BOOKKEEPING CONSULTANCY LTD
Truwood House
Bromfield Ind. Est.
Mold
Flintshire
CH7 1XB
Truwood Furniture Limited
Statement of financial position
as at 31 March 2023
Tangible assets
207,169
222,844
Cash at bank and in hand
363,060
185,895
Creditors: amounts falling due within one year
(71,000)
(53,622)
Net current assets
499,595
313,811
Total assets less current liabilities
706,764
536,655
Provisions for liabilities
Deferred tax
(23,444)
(23,444)
Net assets
683,320
513,211
Called up share capital
75
75
Capital redemption reserve
25
25
Profit and loss account
683,220
513,111
Shareholders' funds
683,320
513,211
For the year ending 31 March 2023 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 November 2022 and were signed on its behalf by
G C Cook
Director
Company Registration No. 01836033
Truwood Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
Truwood Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 01836033. The registered office is BROMFIELD INDUSTRIAL ESTATE, MOLD, FLINTSHIRE, CH7 1JR.
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:
Land & buildings
1% Reducing Balance
Plant & machinery
20 % Reducing Balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
248,049
419,152
667,201
At 31 March 2023
248,049
419,152
667,201
At 1 April 2022
95,969
348,388
444,357
Charge for the year
1,521
14,154
15,675
At 31 March 2023
97,490
362,542
460,032
At 31 March 2023
150,559
56,610
207,169
At 31 March 2022
152,080
70,764
222,844
Amounts falling due within one year
Trade debtors
149,622
113,112
Accrued income and prepayments
4,905
13,156
Truwood Furniture Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,194
19,744
Taxes and social security
43,202
21,476
Loans from directors
95
95
7
Average number of employees
During the year the average number of employees was 12 (2022: 10).