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Company Registration No. 12083002 (England and Wales)
Sixty Forty Ltd Unaudited accounts for the year ended 31 July 2022
Sixty Forty Ltd Unaudited accounts Contents
Page
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Sixty Forty Ltd Company Information for the year ended 31 July 2022
Directors
Paul Evans Londonna Evans
Company Number
12083002 (England and Wales)
Registered Office
6 NOEL SQUARE TEDDINGTON TW11 8JA UNITED KINGDOM
Accountants
Tax Ninja Limited 39 Mullein Road Bicester Oxfordshire OX26 3WF
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Sixty Forty Ltd Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
448 
897 
Tangible assets
8,757 
7,454 
9,205 
8,351 
Current assets
Debtors
- 
9,834 
Cash at bank and in hand
23,947 
10,289 
23,947 
20,123 
Creditors: amounts falling due within one year
(23,904)
(7,261)
Net current assets
43 
12,862 
Net assets
9,248 
21,213 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
9,246 
21,211 
Shareholders' funds
9,248 
21,213 
For the year ending 31 July 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 24 August 2022 and were signed on its behalf by
Paul Evans Director Company Registration No. 12083002
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Sixty Forty Ltd Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
Sixty Forty Ltd is a private company, limited by shares, registered in England and Wales, registration number 12083002. The registered office is 6 NOEL SQUARE, TEDDINGTON, TW11 8JA, UNITED KINGDOM.
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.
3
Accounting policies
These financial statements for the year ended 31 July 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
Reducing Balance 33%
Other tangible fixed assets
Amortisation rate 50% rate
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Sixty Forty Ltd Notes to the Accounts for the year ended 31 July 2022
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2021
1,700 
At 31 July 2022
1,700 
Amortisation
At 1 August 2021
803 
Charge for the year
449 
At 31 July 2022
1,252 
Net book value
At 31 July 2022
448 
At 31 July 2021
897 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2021
- 
9,750 
9,750 
Additions
2,500 
2,819 
5,319 
At 31 July 2022
2,500 
12,569 
15,069 
Depreciation
At 1 August 2021
- 
2,296 
2,296 
Charge for the year
625 
3,391 
4,016 
At 31 July 2022
625 
5,687 
6,312 
Net book value
At 31 July 2022
1,875 
6,882 
8,757 
At 31 July 2021
- 
7,454 
7,454 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
251 
Trade debtors
- 
9,583 
- 
9,834 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
16,329 
6,923 
Loans from directors
7,575 
338 
23,904 
7,261 
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Sixty Forty Ltd Notes to the Accounts for the year ended 31 July 2022
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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