Company Registration No. 12083002 (England and Wales)
Sixty Forty Ltd
Unaudited accounts
for the year ended 31 July 2023
Sixty Forty Ltd
Unaudited accounts
Contents
Sixty Forty Ltd
Company Information
for the year ended 31 July 2023
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 2023
Tangible assets
8,914
9,560
Cash at bank and in hand
82,562
23,948
Creditors: amounts falling due within one year
(34,810)
(23,945)
Net current assets
49,351
217
Called up share capital
2
2
Profit and loss account
58,263
9,775
Shareholders' funds
58,265
9,777
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 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 October 2023 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 2023
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.
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.
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
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 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
4,200
-
12,381
16,581
Additions
-
330
2,508
2,838
At 31 July 2023
4,200
330
14,889
19,419
At 1 August 2022
3,127
-
3,894
7,021
Charge for the year
1,250
83
2,151
3,484
At 31 July 2023
4,377
83
6,045
10,505
At 31 July 2023
(177)
247
8,844
8,914
At 31 July 2022
1,073
-
8,487
9,560
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
30,620
16,370
Loans from directors
1,666
7,575
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).