Company Registration No. 10445196 (England and Wales)
The Busy Twist Limited
Unaudited accounts
for the year ended 31 October 2022
The Busy Twist Limited
Unaudited accounts
Contents
The Busy Twist Limited
Company Information
for the year ended 31 October 2022
Director
Mr Oliver Williams
Company Number
10445196 (England and Wales)
Registered Office
111 Chertsey Road
Twickenham
Middlesex
TW1 1ER
United Kingdom
The Busy Twist Limited
Statement of financial position
as at 31 October 2022
Tangible assets
4,100
2,094
Cash at bank and in hand
8
-
Creditors: amounts falling due within one year
(2,241)
(27,166)
Net current assets
5,709
3,956
Total assets less current liabilities
9,809
6,050
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
9,029
6,049
Shareholders' funds
9,030
6,050
For the year ending 31 October 2022 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 26 October 2023 and were signed on its behalf by
Mr Oliver Williams
Director
Company Registration No. 10445196
The Busy Twist Limited
Notes to the Accounts
for the year ended 31 October 2022
The Busy Twist Limited is a private company, limited by shares, registered in England and Wales, registration number 10445196. The registered office is 111 Chertsey Road, Twickenham, Middlesex, TW1 1ER, 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.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2021
6,533
1,350
7,883
At 31 October 2022
6,533
5,421
11,954
At 1 November 2021
5,114
675
5,789
Charge for the year
709
1,356
2,065
At 31 October 2022
5,823
2,031
7,854
At 31 October 2022
710
3,390
4,100
At 31 October 2021
1,419
675
2,094
The Busy Twist Limited
Notes to the Accounts
for the year ended 31 October 2022
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,329
1,980
Loans from directors
-
23,157
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
(23,157)
34,699
3,600
7,942
(23,157)
34,699
3,600
7,942
In the financial year ended 31 October 2022, an amount of £3,600 from the director's loan account was written off and treated as a distribution. As at 31 October 2022, the remaining outstanding balance on the director's loan stands at £7,942, which has been repaid after the year end.
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).