2023-03-012024-02-292024-02-29false11824459TWO TOGETHER DESIGNS 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TWO TOGETHER DESIGNS LTD

Registered Number
11824459
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

TWO TOGETHER DESIGNS LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

FOTHERINGHAM, S
SINGH, M

Registered Address

16 Murton Court Hillside Road
St. Albans
AL1 3QT

Registered Number

11824459 (England and Wales)
TWO TOGETHER DESIGNS LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets38911,549
Tangible assets41761,475
1,0673,024
Current assets
Stocks1,162994
Debtors2834
Cash at bank and on hand23,38225,281
24,57226,309
Creditors amounts falling due within one year(27,132)(26,539)
Net current assets (liabilities)(2,560)(230)
Total assets less current liabilities(1,493)2,794
Creditors amounts falling due after one year(10,416)(14,676)
Provisions for liabilities(838)(838)
Net assets(12,747)(12,720)
Capital and reserves
Called up share capital100100
Profit and loss account(12,847)(12,820)
Shareholders' funds(12,747)(12,720)
The financial statements were approved and authorised for issue by the Board of Directors on 6 August 2024, and are signed on its behalf by:
FOTHERINGHAM, S
Director
Registered Company No. 11824459
TWO TOGETHER DESIGNS LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are amortised over their useful life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 March 233,000
At 29 February 243,000
Amortisation and impairment
At 01 March 231,452
Charge for year657
At 29 February 242,109
Net book value
At 29 February 24891
At 28 February 231,549
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 235,301
At 29 February 245,301
Depreciation and impairment
At 01 March 233,826
Charge for year1,299
At 29 February 245,125
Net book value
At 29 February 24176
At 28 February 231,475