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Company Registration No. 11216036 (England and Wales)
TWIN3 LIMITED Unaudited accounts for the year ended 29 February 2024
TWIN3 LIMITED Unaudited accounts Contents
Page
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TWIN3 LIMITED Company Information for the year ended 29 February 2024
Directors
Harry Rowland FAULKNER Keith Michael JACKSON Neil Murray PALETHORPE
Company Number
11216036 (England and Wales)
Registered Office
Room to Work 35-37 High Street Barrow upon Soar Loughborough LE12 8PY United Kingdom
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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TWIN3 LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,769 
9,873 
Current assets
Debtors
4,550 
2,747 
Cash at bank and in hand
3,924 
11,342 
8,474 
14,089 
Creditors: amounts falling due within one year
(14,257)
(11,038)
Net current (liabilities)/assets
(5,783)
3,051 
Total assets less current liabilities
1,986 
12,924 
Creditors: amounts falling due after more than one year
(53,125)
(65,625)
Net liabilities
(51,139)
(52,701)
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
(51,238)
(52,800)
Shareholders' funds
(51,139)
(52,701)
For the year ending 29 February 2024 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 25 July 2024 and were signed on its behalf by
Keith Michael JACKSON Director Company Registration No. 11216036
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TWIN3 LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
TWIN3 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11216036. The registered office is Room to Work, 35-37 High Street, Barrow upon Soar, Loughborough, LE12 8PY, United Kingdom.
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.
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:
Plant & machinery
Reducing Balance 25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
21,023 
Additions
2,833 
Disposals
(5,461)
At 29 February 2024
18,395 
Depreciation
At 1 March 2023
11,150 
Charge for the year
2,590 
On disposals
(3,114)
At 29 February 2024
10,626 
Net book value
At 29 February 2024
7,769 
At 28 February 2023
9,873 
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TWIN3 LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,536 
- 
Other debtors
14 
2,747 
4,550 
2,747 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,238 
4,494 
Trade creditors
7,019 
6,524 
Taxes and social security
- 
20 
14,257 
11,038 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
53,125 
65,625 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Harry Rowland FAULKNER
Loan 0% interest, on demand
2,732 
164 
2,882 
14 
2,732 
164 
2,882 
14 
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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