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Registration number: 09595119

Twed Consultancy Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Twed Consultancy Limited

Contents

Accountants' Report

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

Detailed Profit and Loss Account

5 to 6

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Twed Consultancy Limited
for the Year Ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Twed Consultancy Limited for the year ended 31 May 2023 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Twed Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Twed Consultancy Limited. You consider that Twed Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Twed Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Beaumont Accountancy Services
1st Floor
Enterprise House
202-206 Linthorpe Road
Middlesbrough
TS1 3QW

1 November 2023

 

Twed Consultancy Limited

Profit and Loss Account for the Year Ended 31 May 2023

2023
£

2022
£

Turnover

95,865

99,336

Cost of raw materials and consumables

(8,714)

(694)

Staff costs

(46,671)

(46,240)

Depreciation and other amounts written off assets

(102)

(136)

Other charges

(30,429)

(39,366)

Profit before tax

9,949

12,900

Tax on profit

(1,910)

(2,477)

Profit for the year

8,039

10,423

 

Twed Consultancy Limited

(Registration number: 09595119)
Balance Sheet as at 31 May 2023

2023
£

2022
£

Fixed assets

305

407

Current assets

124,473

138,733

Creditors: Amounts falling due within one year

(6,144)

(20,795)

Net current assets

118,329

117,938

 

118,634

118,345

Capital and reserves

118,634

118,345

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Kings Court
Norton
Stockton On Tees
TS20 2UG

These financial statements were authorised for issue by the director on 1 November 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Related party transactions

There are no related party disclosures which are required to be disclosed under FRS105.

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

 

Twed Consultancy Limited

(Registration number: 09595119)
Balance Sheet as at 31 May 2023

Approved and authorised by the director on 1 November 2023
 

.........................................
Mr Keith Anthony Buxton
Director

 

Twed Consultancy Limited

Detailed Profit and Loss Account for the Year Ended 31 May 2023

2023
 £

2022
 £

turnover (analysed below)

95,865

99,336

Cost of sales (analysed below)

(8,714)

(694)

Gross profit

87,151

98,642

Gross profit (%)

90.91%

99.3%

Administrative expenses

Employment costs (analysed below)

(46,671)

(46,240)

Establishment costs (analysed below)

(2,434)

(2,631)

General administrative expenses (analysed below)

(27,963)

(36,735)

Finance charges (analysed below)

(32)

-

Depreciation costs (analysed below)

(102)

(136)

(77,202)

(85,742)

Operating profit

9,949

12,900

Profit before tax

9,949

12,900

 

Twed Consultancy Limited

Detailed Profit and Loss Account for the Year Ended 31 May 2023

2023
£

2022
£

   

Turnover

Sale of goods, UK

95,865

99,336

   

Cost of sales

Purchases

(8,714)

(694)

   

Employment costs

Directors remuneration

(6,396)

(6,240)

Directors pensions (Defined contribution)

(40,000)

(40,000)

Staff training

(275)

-

(46,671)

(46,240)

   

Establishment costs

Light, heat and power

(175)

(452)

Insurance

(1,193)

(1,272)

Use of home as office

(312)

(312)

Protective clothing

(658)

(595)

Repairs and renewals

(96)

-

(2,434)

(2,631)

   

General administrative expenses

Telephone and fax

(525)

(625)

Printing, postage and stationery

(425)

(425)

Charitable donations

(20)

-

Sundry expenses

(845)

(927)

Cleaning

(250)

-

Motor expenses

(6,580)

(6,818)

Motor insurance

(410)

(864)

Motor repairs and renewals

(1,999)

(720)

Travel and subsistence

(6,485)

(11,478)

Hotel accommodation

(8,710)

(12,470)

Accountancy fees

(1,208)

(1,924)

Legal and professional fees

(506)

(484)

(27,963)

(36,735)

   

Finance charges

Bank charges

(32)

-

   

Depreciation costs

Depreciation of office equipment (owned)

(102)

(136)