Registered number: 11122323 | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
Prepared By: | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Twenty One Engineering Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11122323 | ||||||||
ACCOUNTANTS | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Twenty One Engineering Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Twenty One Engineering Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
427,217 | 268,108 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 144,475 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 32,351 | - | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 287,327 | 150,893 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Twenty One Engineering Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | straight line 20% | |||||||
Motor Cars | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
Twenty One Engineering Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | ||||||||||
Machinery | Motor Cars | Total | ||||||||
£ | £ | £ | ||||||||
Cost | ||||||||||
At 01/01/2021 | 11,716 | - | 11,716 | |||||||
Additions | 17,636 | 60,898 | 78,534 | |||||||
At 31/12/2021 | 29,352 | 60,898 | 90,250 | |||||||
Depreciation | ||||||||||
At 01/01/2021 | 5,198 | - | 5,198 | |||||||
For the year | 5,386 | 15,225 | 20,611 | |||||||
At 31/12/2021 | 10,584 | 15,225 | 25,809 | |||||||
Net Book Amounts | ||||||||||
At 31/12/2021 | 64,441 | |||||||||
At 31/12/2020 | 6,518 | |||||||||
Motor vehicles includes a car with a written down value of £45,673 (2020: nil) that is owned subject to a hire purchase agreement. | ||||||||||
4. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 226,904 | 104,486 | ||||||
Other debtors | - | 7,093 | ||||||
Prepayments | - | 998 | ||||||
Accrued income | - | 2,400 | ||||||
Directors current account | - | 7,087 | ||||||
226,904 | 122,064 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
UK corporation tax | 65,797 | 39,470 | ||||||
VAT | 71,520 | 20,742 | ||||||
PAYE control | 1,484 | 1,278 | ||||||
Directors current account | 1,490 | - | ||||||
Hire purchase | 4,884 | - | ||||||
Trade creditors | 1 | 57,217 | ||||||
Other creditors | 12,204 | 3,851 | ||||||
Accruals | 2,500 | 1,075 | ||||||
159,880 | 123,633 | |||||||
Twenty One Engineering Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 32,351 | - | ||||||
32,351 | - | |||||||
7. PROVISIONS FOR LIABILITIES | 2021 | 2020 | ||||||
£ | £ | |||||||
Deferred taxation | 12,000 | - | ||||||
12,000 | - | |||||||
8. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is a wholly owned subsidiary of Bonanno Holdings Limited and is controlled by its directors. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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