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TWO LITTLE MONKEYS LIMITED

Registered Number
05655499
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

TWO LITTLE MONKEYS LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

THOMSON, David

Registered Address

The Old Manse 17 Ashfield Avenue
Whickham
Newcastle Upon Tyne
NE16 4SS

Registered Number

05655499 (England and Wales)
TWO LITTLE MONKEYS LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets69231,520
9231,520
Current assets
Stocks72,5001,050
Debtors812,52212,644
Cash at bank and on hand126,301120,627
141,323134,321
Creditors amounts falling due within one year9(111,365)(102,024)
Net current assets (liabilities)29,95832,297
Total assets less current liabilities30,88133,817
Net assets30,88133,817
Capital and reserves
Called up share capital44
Profit and loss account30,87733,813
Shareholders' funds30,88133,817
The financial statements were approved and authorised for issue by the Director on 18 October 2023, and are signed on its behalf by:
THOMSON, David
Director
Registered Company No. 05655499
TWO LITTLE MONKEYS LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Principal activities
The company's principal activity during the year continued to be card publishers.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Office Equipment4
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation policy
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 September 225,9645,964
At 31 August 235,9645,964
Depreciation and impairment
At 01 September 224,4444,444
Charge for year597597
At 31 August 235,0415,041
Net book value
At 31 August 23923923
At 31 August 221,5201,520
7.Stocks

2023

2022

££
Work in progress2,5001,050
Total2,5001,050
8.Debtors

2023

2022

££
Trade debtors / trade receivables12,52212,644
Total12,52212,644
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables2-
Amounts owed to related parties97,67885,188
Taxation and social security11,13214,290
Other creditors1,7331,731
Accrued liabilities and deferred income820815
Total111,365102,024
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.