1 August 2022 false No description of principal activity Taxfiler 2023.9 13530651 business:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13530651 2022-07-31 13530651 2022-08-01 2023-07-31 13530651 business:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13530651 business:FilletedAccounts 2022-08-01 2023-07-31 13530651 2023-07-31 13530651 business:Director1 2022-08-01 2023-07-31 13530651 business:RegisteredOffice 2022-08-01 2023-07-31 13530651 2022-07-31 13530651 core:WithinOneYear 2023-07-31 13530651 core:WithinOneYear 2022-07-31 13530651 core:ShareCapital core:PreviouslyStatedAmount 2023-07-31 13530651 core:ShareCapital core:PreviouslyStatedAmount 2022-07-31 13530651 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-07-31 13530651 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2022-07-31 13530651 core:PreviouslyStatedAmount 2023-07-31 13530651 core:PreviouslyStatedAmount 2022-07-31 13530651 business:SmallEntities 2022-08-01 2023-07-31 13530651 countries:EnglandWales 2022-08-01 2023-07-31 13530651 core:ComputerEquipment 2022-08-01 2023-07-31 13530651 core:FurnitureFittings 2022-07-31 13530651 core:ComputerEquipment 2022-07-31 13530651 core:FurnitureFittings 2022-08-01 2023-07-31 13530651 core:FurnitureFittings 2023-07-31 13530651 core:ComputerEquipment 2023-07-31 13530651 core:AfterOneYear 2023-07-31 13530651 core:AfterOneYear 2022-07-31 13530651 2021-07-26 2022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 13530651 (England and Wales)
TERM2TERM LTD Unaudited accounts for the year ended 31 July 2023
TERM2TERM LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TERM2TERM LTD Company Information for the year ended 31 July 2023
Director
Mr A.J. Torr
Company Number
13530651 (England and Wales)
Registered Office
SUITE 2 PEGASUS HOUSE TILSON ROAD MANCHESTER LANCASHIRE M23 9GF UNITED KINGDOM
Accountants
Accology Limited Bolton Arena Arena Approach Horwich Lancashire BL6 6LB
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TERM2TERM LTD Statement of financial position as at 31 July 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
3,980
514
Current assets
Debtors
5
6,560
2,107
Cash at bank and in hand
21,095
16,124
27,655
18,231
Creditors: amounts falling due within one year
6
(15,434)
(11,212)
Net current assets
12,221
7,019
Net assets
16,201
7,533
Capital and reserves
Called up share capital
100
100
Profit and loss account
16,101
7,433
Shareholders' funds
16,201
7,533
For the year ending 31 July 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 28 August 2023 and were signed on its behalf by
Mr A.J. Torr Director Company Registration No. 13530651
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TERM2TERM LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
TERM2TERM LTD is a private company, limited by shares, registered in England and Wales, registration number 13530651. The registered office is SUITE 2 PEGASUS HOUSE, TILSON ROAD, MANCHESTER, LANCASHIRE, M23 9GF, 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
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.
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.
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
33 1/3% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2022
-
764
764
Additions
2,055
2,953
5,008
At 31 July 2023
2,055
3,717
5,772
Depreciation
At 1 August 2022
-
250
250
Charge for the year
308
1,234
1,542
At 31 July 2023
308
1,484
1,792
Net book value
At 31 July 2023
1,747
2,233
3,980
At 31 July 2022
-
514
514
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TERM2TERM LTD Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
-
2,100
Trade debtors
6,560
-
6,560
2,100
Amounts falling due after more than one year
Other debtors
-
7
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
4,218
318
Trade creditors
30
30
Taxes and social security
7,866
6,964
Other creditors
1,200
-
Loans from directors
800
3,900
Accruals
1,320
-
15,434
11,212
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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