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Company Registration No. 12331090 (England and Wales)
TWEAK LTD Unaudited accounts for the year ended 30 November 2023
TWEAK LTD Unaudited accounts Contents
Page
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TWEAK LTD Company Information for the year ended 30 November 2023
Directors
James Macleod Teresa Murray Tim Willoughby
Company Number
12331090 (England and Wales)
Registered Office
124 CITY ROAD LONDON EC1V 2NX ENGLAND
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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TWEAK LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,513 
8,513 
Current assets
Debtors
6,527 
12,881 
Cash at bank and in hand
3,701 
2,477 
10,228 
15,358 
Creditors: amounts falling due within one year
(147,244)
(99,366)
Net current liabilities
(137,016)
(84,008)
Total assets less current liabilities
(128,503)
(75,495)
Creditors: amounts falling due after more than one year
(15,061)
(27,618)
Net liabilities
(143,564)
(103,113)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(143,664)
(103,213)
Shareholders' funds
(143,564)
(103,113)
For the year ending 30 November 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 29 July 2024 and were signed on its behalf by
James Macleod Director Company Registration No. 12331090
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TWEAK LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
TWEAK LTD is a private company, limited by shares, registered in England and Wales, registration number 12331090. The registered office is 124 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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TWEAK LTD Notes to the Accounts for the year ended 30 November 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
8,513 
At 30 November 2023
8,513 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
8,513 
At 30 November 2022
8,513 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,651 
11,256 
Accrued income and prepayments
1,089 
1,082 
Other debtors
787 
543 
6,527 
12,881 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
48,803 
32,995 
VAT
69,003 
42,876 
Trade creditors
5,334 
- 
Taxes and social security
13,459 
9,622 
Other creditors
1,579 
5,119 
Loans from directors
9,066 
8,754 
147,244 
99,366 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,061 
27,618 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
The company owes £4,377 to the director James Macleod and £4,377 to the director Teresa Murray as at the year end.
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TWEAK LTD Notes to the Accounts for the year ended 30 November 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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