Twenty Twenty Vision Limited 07441991 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of holding intellectual property Digita Accounts Production Advanced 6.30.9574.0 true Mr A R Smith Mr S Butters Mr S Butters 07441991 2023-02-01 2024-01-31 07441991 2024-01-31 07441991 bus:OrdinaryShareClass1 2024-01-31 07441991 core:ShareCapital 2024-01-31 07441991 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07441991 core:PatentsTrademarksLicencesConcessionsSimilar 2024-01-31 07441991 bus:FRS102 2023-02-01 2024-01-31 07441991 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07441991 bus:FullAccounts 2023-02-01 2024-01-31 07441991 bus:RegisteredOffice 2023-02-01 2024-01-31 07441991 bus:CompanySecretary1 2023-02-01 2024-01-31 07441991 bus:Director1 2023-02-01 2024-01-31 07441991 bus:Director2 2023-02-01 2024-01-31 07441991 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07441991 bus:EntityNoLongerTradingButTradedInPast 2023-02-01 2024-01-31 07441991 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07441991 core:PatentsTrademarksLicencesConcessionsSimilar 2023-02-01 2024-01-31 07441991 countries:EnglandWales 2023-02-01 2024-01-31 07441991 2023-01-31 07441991 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 07441991 2022-02-01 2023-01-31 07441991 2023-01-31 07441991 bus:OrdinaryShareClass1 2023-01-31 07441991 core:ShareCapital 2023-01-31 07441991 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07441991 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07441991

Twenty Twenty Vision Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Twenty Twenty Vision Limited

Profit and Loss Account for the Year Ended 31 January 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Twenty Twenty Vision Limited

(Registration number: 07441991)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

35,627

35,627

Current assets

 

Cash at bank and in hand

 

3

3

Creditors: Amounts falling due within one year

6

(35,627)

(35,627)

Net current liabilities

 

(35,624)

(35,624)

Net assets

 

3

3

Capital and reserves

 

Called up share capital

7

3

3

Shareholders' funds

 

3

3

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................

Mr A R Smith

Director

 

Twenty Twenty Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3
Clump Farm Industrial Estate
Blandford
Dorset
DT11 7TE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling (£).

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents

Over the useful life of the patent

 

Twenty Twenty Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

 

Twenty Twenty Vision Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 February 2023

35,627

35,627

At 31 January 2024

35,627

35,627

Amortisation

Carrying amount

At 31 January 2024

35,627

35,627

At 31 January 2023

35,627

35,627

5

Cash and cash equivalents

2024
£

2023
£

Cash on hand

3

3

6

Creditors

2024
£

2023
£

Due within one year

Accruals

35,627

35,627

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3