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REGISTERED NUMBER: 12469310 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

TWENTIETH CENTURY POSTERS LTD

TWENTIETH CENTURY POSTERS LTD (REGISTERED NUMBER: 12469310)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


TWENTIETH CENTURY POSTERS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr D Bownes





REGISTERED OFFICE: 159 High Street
Barnet
Hertfordshire
EN5 5SU





REGISTERED NUMBER: 12469310 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

TWENTIETH CENTURY POSTERS LTD (REGISTERED NUMBER: 12469310)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,699 4,009

CURRENT ASSETS
Stocks 40,953 38,928
Debtors 15,295 1,490
Cash at bank 2,387 30,396
58,635 70,814
CREDITORS
Amounts falling due within one year (7,696 ) (36,131 )
NET CURRENT ASSETS 50,939 34,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,638

38,692

CREDITORS
Amounts falling due after more than one
year

(51,750

)

(3,150

)
NET ASSETS 12,888 35,542

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 12,877 35,531
SHAREHOLDERS' FUNDS 12,888 35,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:




Mr D Bownes - Director


TWENTIETH CENTURY POSTERS LTD (REGISTERED NUMBER: 12469310)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Twentieth Century Posters Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 9,067
Additions 12,398
At 29 February 2024 21,465
DEPRECIATION
At 1 March 2023 5,058
Charge for year 2,708
At 29 February 2024 7,766
NET BOOK VALUE
At 29 February 2024 13,699
At 28 February 2023 4,009