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REGISTERED NUMBER: 06744309 (England and Wales)











TWIFM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2023 TO 22ND APRIL 2024






TWIFM LIMITED (REGISTERED NUMBER: 06744309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 22ND APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


TWIFM LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JANUARY 2023 TO 22ND APRIL 2024







DIRECTORS: D J P Hesketh
J S Hepworth





REGISTERED OFFICE: Lancaster House
Ackhurst Business Park
Foxhole Road
Chorley
PR7 1NY





REGISTERED NUMBER: 06744309 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

TWIFM LIMITED (REGISTERED NUMBER: 06744309)

BALANCE SHEET
22ND APRIL 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 164 197
164 197

CURRENT ASSETS
Debtors 6 - 1,490
Cash at bank 31,967 84,494
31,967 85,984
CREDITORS
Amounts falling due within one year 7 20,193 28,303
NET CURRENT ASSETS 11,774 57,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,938

57,878

PROVISIONS FOR LIABILITIES 41 37
NET ASSETS 11,897 57,841

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 11,597 57,541
SHAREHOLDERS' FUNDS 11,897 57,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22nd April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22nd April 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.

TWIFM LIMITED (REGISTERED NUMBER: 06744309)

BALANCE SHEET - continued
22ND APRIL 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 26th November 2024 and were signed on its behalf by:





D J P Hesketh - Director


TWIFM LIMITED (REGISTERED NUMBER: 06744309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 22ND APRIL 2024


1. STATUTORY INFORMATION

TWIFM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's accounting period has been extended, from 1 January 2023 to 22 April 2024. These accounts therefore cover a 15 month and 22 day period, as a result the comparatives are not entirely comparable. The period was extended to coincide with the date of sale of the company.

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 2008, is being amortised evenly over its estimated useful life. Its estimated useful life was previously estimated to be twenty years, but this estimate has been changed in 2015 to five years.

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 each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the period 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.


TWIFM LIMITED (REGISTERED NUMBER: 06744309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 22ND APRIL 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

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 period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 22nd April 2024 18,000
AMORTISATION
At 1st January 2023
and 22nd April 2024 18,000
NET BOOK VALUE
At 22nd April 2024 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023
and 22nd April 2024 1,731 3,956 5,687
DEPRECIATION
At 1st January 2023 1,553 3,937 5,490
Charge for period 27 6 33
At 22nd April 2024 1,580 3,943 5,523
NET BOOK VALUE
At 22nd April 2024 151 13 164
At 31st December 2022 178 19 197

TWIFM LIMITED (REGISTERED NUMBER: 06744309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 22ND APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors - 1,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Taxation and social security 18,578 16,752
Other creditors 1,615 11,551
20,193 28,303

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
300 300