Company Registration No. 13938206 (England and Wales)
Twist Design Ltd
Unaudited accounts
for the period from 24 February 2022 to 28 February 2023
Twist Design Ltd
Unaudited accounts
Contents
Twist Design Ltd
Company Information
for the period from 24 February 2022 to 28 February 2023
Directors
James Storer
Heather Storer
Company Number
13938206 (England and Wales)
Registered Office
34 Waltham Close
Bournemouth
United Kingdom
BH7 6PF
Accountants
Hiclass Accounting Limited
Suite 15
2 Lansdowne Crescent
Bournemouth
Dorset
BH1 1SA
Twist Design Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
95,511
Creditors: amounts falling due within one year
(59,203)
Profit and loss account
41,185
Shareholders' funds
41,185
For the period ending 28 February 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 November 2023 and were signed on its behalf by
Heather Storer
Director
Company Registration No. 13938206
Twist Design Ltd
Notes to the Accounts
for the period from 24 February 2022 to 28 February 2023
Twist Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 13938206. The registered office is 34 Waltham Close, Bournemouth, United Kingdom, BH7 6PF.
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.
These financial statements for the period from 24 February 2022 to 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 24 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
352.80
Computer equipment
4226.91
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 24 February 2022
353
4,227
4,580
At 28 February 2023
353
4,227
4,580
At 24 February 2022
-
632
632
At 28 February 2023
-
632
632
At 28 February 2023
353
3,595
3,948
Twist Design Ltd
Notes to the Accounts
for the period from 24 February 2022 to 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
29,921
7
Average number of employees
During the period the average number of employees was 4.