30 August 2023 false No description of principal activity Taxfiler 2024.5 15106048business:PrivateLimitedCompanyLtd2023-08-302024-08-31 151060482023-08-29 151060482023-08-302024-08-31 15106048business:AuditExemptWithAccountantsReport2023-08-302024-08-31 15106048business:FilletedAccounts2023-08-302024-08-31 151060482024-08-31 15106048business:Director12023-08-302024-08-31 15106048business:RegisteredOffice2023-08-302024-08-31 15106048core:WithinOneYear2024-08-31 15106048core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 15106048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 15106048core:PreviouslyStatedAmount2024-08-31 15106048business:SmallEntities2023-08-302024-08-31 15106048countries:EnglandWales2023-08-302024-08-31 15106048core:ComputerEquipment2023-08-302024-08-31 15106048core:ComputerEquipment2023-08-29 15106048core:ComputerEquipment2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 15106048 (England and Wales)
Two Circles Design Ltd Unaudited accounts for the period from 30 August 2023 to 31 August 2024
Two Circles Design Ltd Unaudited accounts Contents
Page
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Two Circles Design Ltd Company Information for the period from 30 August 2023 to 31 August 2024
Director
G Arthur
Company Number
15106048 (England and Wales)
Registered Office
1 Lawrence Gardens Horley West Sussex RH6 8SZ
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Two Circles Design Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
5,355 
Current assets
Debtors
2,856 
Cash at bank and in hand
34,144 
37,000 
Creditors: amounts falling due within one year
(20,764)
Net current assets
16,236 
Total assets less current liabilities
21,591 
Provisions for liabilities
Deferred tax
(1,268)
Net assets
20,323 
Capital and reserves
Called up share capital
1 
Profit and loss account
20,322 
Shareholders' funds
20,323 
For the period ending 31 August 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 director acknowledges his 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 and authorised for issue on 13 September 2024 and were signed on its behalf by
G Arthur Director Company Registration No. 15106048
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Two Circles Design Ltd Notes to the Accounts for the period from 30 August 2023 to 31 August 2024
1
Statutory information
Two Circles Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 15106048. The registered office is 1 Lawrence Gardens, Horley, West Sussex, RH6 8SZ.
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 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.
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 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.
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:
Computer equipment
3 years on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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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Two Circles Design Ltd Notes to the Accounts for the period from 30 August 2023 to 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 30 August 2023
- 
Additions
6,204 
At 31 August 2024
6,204 
Depreciation
Charge for the period
849 
At 31 August 2024
849 
Net book value
At 31 August 2024
5,355 
5
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
353 
Other debtors
2,503 
2,856 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
18,934 
Other creditors
1,830 
20,764 
7
Average number of employees
During the period the average number of employees was 1.
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