Registered number
05716557
Twenty SN Ltd
Filleted Accounts
28 February 2023
Twenty SN Ltd
Registered number: 05716557
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,429 2,429
Current assets
Stocks 200 2,000
Cash at bank and in hand 18,751 31,201
18,951 33,201
Creditors: amounts falling due within one year 4 (19,469) (26,582)
Net current (liabilities)/assets (518) 6,619
Net assets 1,911 9,048
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,910 9,047
Shareholder's funds 1,911 9,048
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Noble
Director
Approved by the board on 28 November 2023
Twenty SN Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2022 12,645
At 28 February 2023 12,645
Depreciation
At 1 March 2022 10,216
At 28 February 2023 10,216
Net book value
At 28 February 2023 2,429
At 28 February 2022 2,429
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 18,946 22,500
Taxation and social security costs 437 1,913
Other creditors 86 2,169
19,469 26,582
5 Other information
Twenty SN Ltd is a private company limited by shares and incorporated in England. Its registered office is 129b High Street Stevenage SG1 3HS:
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