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REGISTERED NUMBER: 12026642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TWOMUCH STUDIO LIMITED

TWOMUCH STUDIO LIMITED (REGISTERED NUMBER: 12026642)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TWOMUCH STUDIO LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mr B S M Chan
Mr M Chen





REGISTERED OFFICE: 10 Coldbath Square
London
EC1R 5HL





REGISTERED NUMBER: 12026642 (England and Wales)





ACCOUNTANTS: ADJ Business Solutions Limited
10 Coldbath Square
London
EC1R 5HL

TWOMUCH STUDIO LIMITED (REGISTERED NUMBER: 12026642)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,240 14,891

CURRENT ASSETS
Debtors 5 28,036 9,750
Cash at bank 154,760 144,396
182,796 154,146
CREDITORS
Amounts falling due within one year 6 (68,745 ) (79,957 )
NET CURRENT ASSETS 114,051 74,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,291

89,080

PROVISIONS FOR LIABILITIES (2,969 ) (2,969 )
NET ASSETS 122,322 86,111

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,222 86,011
122,322 86,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

TWOMUCH STUDIO LIMITED (REGISTERED NUMBER: 12026642)

BALANCE SHEET - continued
31 May 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 17 January 2025 and were signed on its behalf by:





Mr M Chen - Director


TWOMUCH STUDIO LIMITED (REGISTERED NUMBER: 12026642)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Twomuch Studio 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation
Taxation for the year 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TWOMUCH STUDIO LIMITED (REGISTERED NUMBER: 12026642)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 27,919
Additions 1,642
At 31 May 2024 29,561
DEPRECIATION
At 1 June 2023 13,028
Charge for year 5,293
At 31 May 2024 18,321
NET BOOK VALUE
At 31 May 2024 11,240
At 31 May 2023 14,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 26,436 6,350
Other debtors 1,600 1,600
Prepayments - 1,800
28,036 9,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 42 -
Tax 32,864 39,775
Directors' current accounts 34,879 39,222
Accrued expenses 960 960
68,745 79,957