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REGISTERED NUMBER: 13275194 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Two Tribes Ltd

Two Tribes Ltd (Registered number: 13275194)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Two Tribes Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G F P Day
M G Hesketh
S S Nurse





REGISTERED OFFICE: 86 Pilgrim Street
Newcastle upon Tyne
Tyne and Wear
NE1 6SG





REGISTERED NUMBER: 13275194 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

Two Tribes Ltd (Registered number: 13275194)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,002 121,259
Investments 5 1 -
136,003 121,259

CURRENT ASSETS
Debtors 6 14,144 3,529
Cash at bank 101,063 86,432
115,207 89,961
CREDITORS
Amounts falling due within one year 7 189,784 75,094
NET CURRENT (LIABILITIES)/ASSETS (74,577 ) 14,867
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,426

136,126

PROVISIONS FOR LIABILITIES 8 25,840 28,296
NET ASSETS 35,586 107,830

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 35,486 107,730
SHAREHOLDERS' FUNDS 35,586 107,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Two Tribes Ltd (Registered number: 13275194)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





M G Hesketh - Director


Two Tribes Ltd (Registered number: 13275194)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Two Tribes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from the 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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions concluded at market rate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised at the point of sale to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 20% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Two Tribes Ltd (Registered number: 13275194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 129,600 500 130,100
Additions 48,170 604 48,774
At 31 March 2023 177,770 1,104 178,874
DEPRECIATION
At 1 April 2022 8,783 58 8,841
Charge for year 33,830 201 34,031
At 31 March 2023 42,613 259 42,872
NET BOOK VALUE
At 31 March 2023 135,157 845 136,002
At 31 March 2022 120,817 442 121,259

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1

Two Tribes Ltd (Registered number: 13275194)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,885 2,249
Other debtors 100 100
Prepayments and accrued income 1,159 1,180
14,144 3,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,905 9,670
Amounts owed to subsidiary companies 8,842 -
Taxation and social security 149,474 63,924
Accruals and deferred income 1,563 1,500
189,784 75,094

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25,840 28,296

Deferred
tax
£   
Balance at 1 April 2022 28,296
Accelerated capital allowances (2,456 )
Balance at 31 March 2023 25,840

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2023 2022
£ £
Amounts due to subsidiary company 8,842 -

No interest has been charged.