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Company Registration No. 13950848 (England and Wales)
Twoition Ltd Unaudited accounts for the year ended 31 March 2024
Twoition Ltd Unaudited accounts Contents
Page
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Twoition Ltd Company Information for the year ended 31 March 2024
Director
Matthew Jones
Secretary
Victoria Whittle
Company Number
13950848 (England and Wales)
Registered Office
99-101 CORPORATION STREET ST. HELENS WA10 1SX ENGLAND
Accountants
MJ Houlihan & Co Accountants 99-101 Corporation Street St Helens WA10 1SX
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Twoition Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,450 
12,600 
Current assets
Cash at bank and in hand
8,272 
7,710 
Creditors: amounts falling due within one year
(10,733)
(5,633)
Net current (liabilities)/assets
(2,461)
2,077 
Total assets less current liabilities
6,989 
14,677 
Creditors: amounts falling due after more than one year
(1,293)
(4,392)
Net assets
5,696 
10,285 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,596 
10,185 
Shareholders' funds
5,696 
10,285 
For the year ending 31 March 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 12 September 2024 and were signed on its behalf by
Matthew Jones Director Company Registration No. 13950848
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Twoition Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Twoition Ltd is a private company, limited by shares, registered in England and Wales, registration number 13950848. The registered office is 99-101 CORPORATION STREET, ST. HELENS, WA10 1SX, 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.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
16,800 
At 31 March 2024
16,800 
Depreciation
At 1 April 2023
4,200 
Charge for the year
3,150 
At 31 March 2024
7,350 
Net book value
At 31 March 2024
9,450 
At 31 March 2023
12,600 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,100 
3,100 
Taxes and social security
7,053 
2,113 
Accruals
580 
420 
10,733 
5,633 
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Twoition Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,293 
4,392 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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