Company Registration No. 13530651 (England and Wales)
TERM2TERM LTD
Unaudited accounts
for the year ended 31 July 2024
TERM2TERM LTD
Unaudited accounts
Contents
TERM2TERM LTD
Company Information
for the year ended 31 July 2024
Company Number
13530651 (England and Wales)
Registered Office
SUITE 2 PEGASUS HOUSE
TILSON ROAD
MANCHESTER
LANCASHIRE
M23 9GF
UNITED KINGDOM
Accountants
Accology Limited
Bolton Arena
Arena Approach
Horwich
Lancashire
BL6 6LB
TERM2TERM LTD
Statement of financial position
as at 31 July 2024
Tangible assets
5,933
3,980
Cash at bank and in hand
31,600
21,095
Creditors: amounts falling due within one year
(28,061)
(15,434)
Net current assets
7,606
12,221
Called up share capital
100
100
Profit and loss account
13,439
16,101
Shareholders' funds
13,539
16,201
For the year ending 31 July 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 August 2024 and were signed on its behalf by
Mr A.J. Torr
Director
Company Registration No. 13530651
TERM2TERM LTD
Notes to the Accounts
for the year ended 31 July 2024
TERM2TERM LTD is a private company, limited by shares, registered in England and Wales, registration number 13530651. The registered office is SUITE 2 PEGASUS HOUSE, TILSON ROAD, MANCHESTER, LANCASHIRE, M23 9GF, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Computer equipment
33 1/3% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2023
2,055
3,717
5,772
Additions
2,042
2,578
4,620
At 31 July 2024
4,097
6,295
10,392
At 1 August 2023
308
1,484
1,792
Charge for the year
568
2,099
2,667
At 31 July 2024
876
3,583
4,459
At 31 July 2024
3,221
2,712
5,933
At 31 July 2023
1,747
2,233
3,980
Amounts falling due within one year
TERM2TERM LTD
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
5,507
7,866
Loans from directors
1,370
800
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).