Acorah Software Products - Accounts Production 15.0.500 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 03455425 Mr David Cocks Mrs Nicola Cocks Mr David Cocks and Mrs Nicola Cocks true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03455425 2022-10-31 03455425 2023-10-31 03455425 2022-11-01 2023-10-31 03455425 frs-core:CurrentFinancialInstruments 2023-10-31 03455425 frs-core:Non-currentFinancialInstruments 2023-10-31 03455425 frs-core:ComputerEquipment 2023-10-31 03455425 frs-core:ComputerEquipment 2022-11-01 2023-10-31 03455425 frs-core:ComputerEquipment 2022-10-31 03455425 frs-core:MotorVehicles 2023-10-31 03455425 frs-core:MotorVehicles 2022-11-01 2023-10-31 03455425 frs-core:MotorVehicles 2022-10-31 03455425 frs-core:PlantMachinery 2023-10-31 03455425 frs-core:PlantMachinery 2022-11-01 2023-10-31 03455425 frs-core:PlantMachinery 2022-10-31 03455425 frs-core:ShareCapital 2023-10-31 03455425 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 03455425 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03455425 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 03455425 frs-bus:SmallEntities 2022-11-01 2023-10-31 03455425 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 03455425 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 03455425 1 2022-11-01 2023-10-31 03455425 frs-bus:Director1 2022-11-01 2023-10-31 03455425 frs-bus:Director2 2022-11-01 2023-10-31 03455425 frs-countries:EnglandWales 2022-11-01 2023-10-31 03455425 2021-10-31 03455425 2022-10-31 03455425 2021-11-01 2022-10-31 03455425 frs-core:CurrentFinancialInstruments 2022-10-31 03455425 frs-core:Non-currentFinancialInstruments 2022-10-31 03455425 frs-core:ShareCapital 2022-10-31 03455425 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 03455425
Twinvale Developments Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
SPF Accountancy Ltd t/a Waterman Brown
Unit 14 Dunchideock Barton
Dunchideock
Exeter
EX2 9UA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03455425
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,501 5,483
4,501 5,483
CURRENT ASSETS
Debtors 5 693 46,419
Cash at bank and in hand 21,387 3,883
22,080 50,302
Creditors: Amounts Falling Due Within One Year 6 (52,489 ) (58,390 )
NET CURRENT ASSETS (LIABILITIES) (30,409 ) (8,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES (25,908 ) (2,605 )
Creditors: Amounts Falling Due After More Than One Year 7 (20,502 ) (23,357 )
NET LIABILITIES (46,410 ) (25,962 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (46,510 ) (26,062 )
SHAREHOLDERS' FUNDS (46,410) (25,962)
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For the year ending 31 October 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Cocks
Director
Mrs Nicola Cocks
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Twinvale Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03455425 . The registered office is Unit 14 Dunchideock Barton, Dunchideock, Exeter, EX2 9UA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Going Concern Disclosure
The directors believe it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, The company is dependent on the continuing support of the directors.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 15% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 6,453 9,995 6,767 23,215
Disposals (467 ) - - (467 )
As at 31 October 2023 5,986 9,995 6,767 22,748
Depreciation
As at 1 November 2022 3,638 8,513 5,581 17,732
Provided during the period 282 371 179 832
Disposals (317 ) - - (317 )
As at 31 October 2023 3,603 8,884 5,760 18,247
Net Book Value
As at 31 October 2023 2,383 1,111 1,007 4,501
As at 1 November 2022 2,815 1,482 1,186 5,483
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 571 45,547
Prepayments and accrued income - 836
VAT 122 36
693 46,419
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 50 46
Bank loans and overdrafts 3,091 3,327
Accruals and deferred income 975 975
Directors' loan accounts 48,373 54,042
52,489 58,390
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 20,502 23,357
There are no amounts included above in respect of which any security has been govem by the company.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Cocks and Mrs Nicola Cocks by virtue of their ownership of 100% of the issued share capital in the company.
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