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Company Registration No. 12640923 (England and Wales)
Twiggy Tags Ltd Unaudited accounts for the year ended 30 June 2024
Twiggy Tags Ltd Unaudited accounts Contents
Page
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Twiggy Tags Ltd Company Information for the year ended 30 June 2024
Directors
Lois Isabel Saunders Richard Holliday
Company Number
12640923 (England and Wales)
Registered Office
1st Floor Unit 4 Thornbury Office Park Midland Way, Thornbury Bristol BS35 2BS United Kingdom
Accountants
Williams Martin Limited 1st Floor, Unit 4, Thornbury Office Park Midland Way Thornbury Bristol South Glos BS35 2BS
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Twiggy Tags Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,208 
17,456 
Tangible assets
27,345 
31,668 
49,553 
49,124 
Current assets
Inventories
75,000 
75,000 
Debtors
36,274 
39,351 
Cash at bank and in hand
25,815 
6,434 
137,089 
120,785 
Creditors: amounts falling due within one year
(179,371)
(180,158)
Net current liabilities
(42,282)
(59,373)
Total assets less current liabilities
7,271 
(10,249)
Provisions for liabilities
Deferred tax
(1,843)
- 
Net assets/(liabilities)
5,428 
(10,249)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,426 
(10,251)
Shareholders' funds
5,428 
(10,249)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by
Lois Isabel Saunders Director Company Registration No. 12640923
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Twiggy Tags Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Twiggy Tags Ltd is a private company, limited by shares, registered in England and Wales, registration number 12640923. The registered office is 1st Floor Unit 4, Thornbury Office Park, Midland Way, Thornbury, Bristol, BS35 2BS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
25% on cost
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2023
25,727 
Additions
14,912 
At 30 June 2024
40,639 
Amortisation
At 1 July 2023
8,271 
Charge for the year
10,160 
At 30 June 2024
18,431 
Net book value
At 30 June 2024
22,208 
At 30 June 2023
17,456 
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Twiggy Tags Ltd Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
46,434 
Additions
9,715 
At 30 June 2024
56,149 
Depreciation
At 1 July 2023
14,766 
Charge for the year
14,038 
At 30 June 2024
28,804 
Net book value
At 30 June 2024
27,345 
At 30 June 2023
31,668 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,224 
31,646 
Deferred tax asset
2,358 
Accrued income and prepayments
12,050 
4,269 
Other debtors
- 
1,078 
36,274 
39,351 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,808 
8,108 
Trade creditors
- 
1,290 
Taxes and social security
997 
1,877 
Other creditors
46,761 
68,696 
Loans from directors
109,549 
99,642 
Accruals
1,256 
545 
179,371 
180,158 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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