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Company Registration No. 12848742 (England and Wales)
Twinny Things Limited Unaudited accounts for the year ended 31 August 2023
Twinny Things Limited Unaudited accounts Contents
Page
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Twinny Things Limited Company Information for the year ended 31 August 2023
Directors
Helen Mary Lees Rachel Trajkovic
Company Number
12848742 (England and Wales)
Registered Office
26 Pool Hall Crescent Wolverhampton WV3 8LA
Accountants
Nelly's Accountants 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Twinny Things Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
119 
136 
Tangible assets
485 
646 
604 
782 
Current assets
Inventories
400 
400 
Cash at bank and in hand
1,101 
- 
1,501 
400 
Creditors: amounts falling due within one year
(2,714)
(2,492)
Net current liabilities
(1,213)
(2,092)
Net liabilities
(609)
(1,310)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(709)
(1,410)
Shareholders' funds
(609)
(1,310)
For the year ending 31 August 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 13 February 2024 and were signed on its behalf by
Rachel Trajkovic Director Company Registration No. 12848742
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Twinny Things Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Twinny Things Limited is a private company, limited by shares, registered in England and Wales, registration number 12848742. The registered office is 26 Pool Hall Crescent, Wolverhampton, WV3 8LA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation, over it's estimated useful life of 10 years.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2022
170 
At 31 August 2023
170 
Amortisation
At 1 September 2022
34 
Charge for the year
17 
At 31 August 2023
51 
Net book value
At 31 August 2023
119 
At 31 August 2022
136 
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Twinny Things Limited Notes to the Accounts for the year ended 31 August 2023
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
910 
At 31 August 2023
910 
Depreciation
At 1 September 2022
264 
Charge for the year
161 
At 31 August 2023
425 
Net book value
At 31 August 2023
485 
At 31 August 2022
646 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
2,404 
2,192 
Accruals
310 
300 
2,714 
2,492 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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