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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
Page
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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
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Sixty Forty Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,914 
9,560 
Current assets
Debtors
1,599 
214 
Cash at bank and in hand
82,562 
23,948 
84,161 
24,162 
Creditors: amounts falling due within one year
(34,810)
(23,945)
Net current assets
49,351 
217 
Net assets
58,265 
9,777 
Capital and reserves
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
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Sixty Forty Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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.
Turnover
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
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 July 2023
(177)
247 
8,844 
8,914 
At 31 July 2022
1,073 
- 
8,487 
9,560 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,599 
214 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,524 
- 
Taxes and social security
30,620 
16,370 
Loans from directors
1,666 
7,575 
34,810 
23,945 
7
Share capital
2023 
2022 
£ 
£ 
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).
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