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
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
Sixty Forty Ltd
Statement of financial position
as at 31 July 2022
Tangible assets
8,757
7,454
Cash at bank and in hand
23,947
10,289
Creditors: amounts falling due within one year
(23,904)
(7,261)
Net current assets
43
12,862
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
Sixty Forty Ltd
Notes to the Accounts
for the year ended 31 July 2022
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.
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Sixty Forty Ltd
Notes to the Accounts
for the year ended 31 July 2022
4
Intangible fixed assets
Other
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
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
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
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
16,329
6,923
Loans from directors
7,575
338
Sixty Forty Ltd
Notes to the Accounts
for the year ended 31 July 2022
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).