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Registered number: 02085147

Twenty- Twenty (Clothing) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Twenty- Twenty (Clothing) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
H J Gregory-Osborne
SECRETARY
T A Gregory-Osborne
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02085147
ACCOUNTANTS
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Twenty- Twenty (Clothing) Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Twenty- Twenty (Clothing) Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2352469
CURRENT ASSETS
Stock481175
Cash at bank and in hand181,991181,038
182,472181,213
CREDITORS: Amounts falling due within one year478,92777,410
NET CURRENT ASSETS103,545103,803
TOTAL ASSETS LESS CURRENT LIABILITIES103,897104,272
CAPITAL AND RESERVES
Called up share capital620,00020,000
Profit and loss account83,89784,272
SHAREHOLDERS' FUNDS103,897104,272
For the year ending 31/12/2023 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/07/2024 and signed on their behalf by
.............................
H J Gregory-Osborne
Director

Twenty- Twenty (Clothing) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Twenty- Twenty (Clothing) Limited

2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/01/20231,2983,2806,2413,10413,923
At 31/12/20231,2983,2806,2413,10413,923
Depreciation
At 01/01/20231,2983,2075,9113,03813,454
For the year-188316117
At 31/12/20231,2983,2255,9943,05413,571
Net Book Amounts
At 31/12/2023-5524750352
At 31/12/2022-7333066469
3. STOCK 20232022
££
Stock comprises:
Stock481175
481175
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account78,29776,797
Accruals630613
78,92777,410
5. EMPLOYEES
20232022
No.No.
Average number of employees11

Twenty- Twenty (Clothing) Limited

6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
20,000 Ordinary shares of £1 each20,00020,000
20,00020,000
7. CONTROLLING PARTY
H J Gregory-Osborne is the controlling party by virtue of her sole directorship.