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Registration number: 12798283

Twin Kingdom Consulting Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Twin Kingdom Consulting Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Twin Kingdom Consulting Ltd

Company Information

Directors

D Jackson

Mrs H Jackson

Registered office

Chartered Accountants
Suite 1 Armcon Business Park
London Road South Poynton
Stockport
Cheshire
SK12 1LQ

Accountants

Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South Poynton
Stockport
Cheshire
SK12 1LQ

 

Twin Kingdom Consulting Ltd

(Registration number: 12798283)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,452

13,980

Current assets

 

Debtors

5

6,393

940

Cash at bank and in hand

 

16,921

8,269

 

23,314

9,209

Creditors: Amounts falling due within one year

6

(16,024)

(6,994)

Net current assets

 

7,290

2,215

Net assets

 

16,742

16,195

Capital and reserves

 

Called up share capital

20

20

Retained earnings

16,722

16,175

Shareholders' funds

 

16,742

16,195

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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 December 2024 and signed on its behalf by:
 

.........................................
Mrs H Jackson
Director

 

Twin Kingdom Consulting Ltd

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 England and Wales. The company's registered number and registered office address can be found on the Company Information page.

These financial statements were authorised for issue by the Board on 13 December 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.

These financial statements are presented in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes
 

Tax

The tax expense for the period comprises current 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.

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful.
life.

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

Motor Vehicles

20% on Cost

Comp. equipment

25% on Cost

Fixtures & fittings

25% on Cost

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
 

 

Twin Kingdom Consulting Ltd

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

3

Staff numbers

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

4

Tangible assets

Plant and Machinery
£

Total
£

Cost or valuation

At 1 September 2023

33,424

33,424

Additions

2,556

2,556

At 31 August 2024

35,980

35,980

Depreciation

At 1 September 2023

19,444

19,444

Charge for the year

7,084

7,084

At 31 August 2024

26,528

26,528

Carrying amount

At 31 August 2024

9,452

9,452

At 31 August 2023

13,980

13,980

5

Debtors

Current

2024
£

2023
£

Trade debtors

5,688

-

Other debtors

705

940

 

6,393

940

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

10,341

6,172

Other creditors

5,683

822

16,024

6,994