Twisted Digital Limited 09737569 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is consultancy services Digita Accounts Production Advanced 6.30.9574.0 true true 09737569 2023-09-01 2024-08-31 09737569 2024-08-31 09737569 core:RetainedEarningsAccumulatedLosses 2024-08-31 09737569 core:ShareCapital 2024-08-31 09737569 core:CurrentFinancialInstruments 2024-08-31 09737569 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 09737569 core:FurnitureFittingsToolsEquipment 2024-08-31 09737569 bus:SmallEntities 2023-09-01 2024-08-31 09737569 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09737569 bus:FullAccounts 2023-09-01 2024-08-31 09737569 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09737569 bus:RegisteredOffice 2023-09-01 2024-08-31 09737569 bus:Director1 2023-09-01 2024-08-31 09737569 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09737569 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 09737569 core:OfficeEquipment 2023-09-01 2024-08-31 09737569 countries:UnitedKingdom 2023-09-01 2024-08-31 09737569 2023-08-31 09737569 core:FurnitureFittingsToolsEquipment 2023-08-31 09737569 2022-09-01 2023-08-31 09737569 2023-08-31 09737569 core:RetainedEarningsAccumulatedLosses 2023-08-31 09737569 core:ShareCapital 2023-08-31 09737569 core:CurrentFinancialInstruments 2023-08-31 09737569 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09737569 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 09737569

Twisted Digital Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Twisted Digital Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Twisted Digital Limited

(Registration number: 09737569)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

700

1,732

Current assets

 

Debtors

6

9,510

7,848

Cash at bank and in hand

 

24,932

94,278

 

34,442

102,126

Creditors: Amounts falling due within one year

7

(34,942)

(102,568)

Net current liabilities

 

(500)

(442)

Total assets less current liabilities

 

200

1,290

Provisions for liabilities

(133)

(329)

Net assets

 

67

961

Capital and reserves

 

Called up share capital

1

1

Retained earnings

66

960

Shareholders' funds

 

67

961

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director on 15 November 2024
 

Mr T Taylor
Director

   
     
 

Twisted Digital Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Twisted Digital Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,032

1,704

 

Twisted Digital Limited

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

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

8,565

8,565

Disposals

(599)

(599)

At 31 August 2024

7,966

7,966

Depreciation

At 1 September 2023

6,833

6,833

Charge for the year

1,032

1,032

Eliminated on disposal

(599)

(599)

At 31 August 2024

7,266

7,266

Carrying amount

At 31 August 2024

700

700

At 31 August 2023

1,732

1,732

6

Debtors

Current

2024
£

2023
£

Trade debtors

9,510

7,848

 

9,510

7,848

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

31,503

98,853

Trade creditors

 

168

168

Taxation and social security

 

3,271

3,547

 

34,942

102,568

 

Twisted Digital Limited

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

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

31,503

98,853