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REGISTERED NUMBER: 06862250 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Twymans Limited

Twymans Limited (Registered number: 06862250)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Twymans Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr G M Twyman
Mrs L Twyman





SECRETARY: Mrs S Todd





REGISTERED OFFICE: 99 Canterbury Road
Whitstable
Kent
CT5 4HG





REGISTERED NUMBER: 06862250 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Twymans Limited (Registered number: 06862250)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,763 26,643
Tangible assets 5 20,522 10,329
38,285 36,972

CURRENT ASSETS
Debtors 6 204,086 208,262
Cash at bank and in hand 688,403 640,614
892,489 848,876
CREDITORS
Amounts falling due within one year 7 68,102 78,139
NET CURRENT ASSETS 824,387 770,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,672

807,709

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 862,572 807,609
SHAREHOLDERS' FUNDS 862,672 807,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Twymans Limited (Registered number: 06862250)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr G M Twyman - Director


Twymans Limited (Registered number: 06862250)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Twymans Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Goodwill, being the amount paid in connection with the acquisition of the business, is being amortized evenly over its estimated remaining useful life of 10 years from 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 8 (2023 - 6 ) .

Twymans Limited (Registered number: 06862250)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 88,803
AMORTISATION
At 1 April 2023 62,160
Amortisation for year 8,880
At 31 March 2024 71,040
NET BOOK VALUE
At 31 March 2024 17,763
At 31 March 2023 26,643

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 4,937 2,947 98,534 1,340 107,758
Additions 16,741 - - - 16,741
At 31 March 2024 21,678 2,947 98,534 1,340 124,499
DEPRECIATION
At 1 April 2023 3,310 2,630 90,380 1,109 97,429
Charge for year 4,428 48 2,038 34 6,548
At 31 March 2024 7,738 2,678 92,418 1,143 103,977
NET BOOK VALUE
At 31 March 2024 13,940 269 6,116 197 20,522
At 31 March 2023 1,627 317 8,154 231 10,329

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,395 19,471
Other debtors 185,691 188,791
204,086 208,262

Twymans Limited (Registered number: 06862250)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 24,608 32,499
Social security and other taxes 3,141 (3,712 )
Other creditors 4,500 8,998
Directors' current accounts 35,853 40,354
68,102 78,139

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 807,609
Profit for the year 84,963
Dividends (30,000 )
At 31 March 2024 862,572

Twymans Limited

Report of the Accountants to the Directors of
Twymans Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


6 September 2024