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REGISTERED NUMBER: 07117557 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Twenty Ten Developments Limited

Twenty Ten Developments Limited (Registered number: 07117557)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twenty Ten Developments Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr I C W Henson





SECRETARY: Mrs J A Megeary





REGISTERED OFFICE: Hall Farm
Main Street
East Haddon
Northampton
Northamptonshire
NN6 8BU





REGISTERED NUMBER: 07117557 (England and Wales)





ACCOUNTANTS: Richard Clarke & Co (At Your Service) Ltd
Unit 3, Mobbs Miller House
Christchurch Road
Northampton
Northamptonshire
NN1 5LL

Twenty Ten Developments Limited (Registered number: 07117557)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,750 5,750
Tangible assets 5 85,862 34,912
91,612 40,662

CURRENT ASSETS
Stocks 784,788 481,265
Debtors 6 28,319 439,985
Cash at bank 22,881 59,157
835,988 980,407
CREDITORS
Amounts falling due within one year 7 265,390 314,020
NET CURRENT ASSETS 570,598 666,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,210

707,049

CREDITORS
Amounts falling due after more than one
year

8

(335,420

)

(320,986

)

PROVISIONS FOR LIABILITIES (19,182 ) (6,633 )
NET ASSETS 307,608 379,430

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 307,607 379,429
307,608 379,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Twenty Ten Developments Limited (Registered number: 07117557)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





Mr I C W Henson - Director


Twenty Ten Developments Limited (Registered number: 07117557)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Twenty Ten Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis under the assumption that the company will continue to receive financial support from its director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. However, in respect of licences, these are not amortised on the basis it is in the opinion of the company's director that any amortisation is immaterial due to the nature of the licences held and, as such, licences are held at cost.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Borrowing costs
Borrowing costs are recognised as an expense in the period in which they are incurred.

Twenty Ten Developments Limited (Registered number: 07117557)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 February 2022
and 31 January 2023 5,750
Net book value
At 31 January 2023 5,750
At 31 January 2022 5,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 February 2022 70,138
Additions 66,341
Disposals (2,840 )
At 31 January 2023 133,639
Depreciation
At 1 February 2022 35,226
Charge for year 15,306
Eliminated on disposal (2,755 )
At 31 January 2023 47,777
Net book value
At 31 January 2023 85,862
At 31 January 2022 34,912

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 419,077
Other debtors 28,319 20,908
28,319 439,985

Twenty Ten Developments Limited (Registered number: 07117557)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,505 5,338
Hire purchase contracts - 6,928
Trade creditors 20,888 4,949
Taxation and social security 53,252 85,899
Other creditors 185,745 210,906
265,390 314,020

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 335,420 320,986

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 340,925 326,324
Hire purchase contracts - 6,928
340,925 333,252

With the exception of a 'Bounce Back' loan of £43,997 (2022 - £49,397), bank loans are secured against the company's work in progress and by way of a personal guarantee from the company's director. Hire purchase liabilities are secured against the assets to which they relate.