1 January 2024 false Taxfiler 2024.6 07471969business:PrivateLimitedCompanyLtd2024-01-012024-12-31 074719692023-12-31 074719692024-01-012024-12-31 07471969business:AuditExemptWithAccountantsReport2024-01-012024-12-31 07471969business:AbridgedAccounts2024-01-012024-12-31 074719692024-12-31 074719692023-12-31 07471969core:WithinOneYear2024-12-31 07471969core:WithinOneYear2023-12-31 07471969core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 07471969core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07471969core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 07471969core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07471969core:PreviouslyStatedAmount2024-12-31 07471969core:PreviouslyStatedAmount2023-12-31 07471969business:SmallEntities2024-01-012024-12-31 07471969business:Director12024-01-012024-12-31 07471969countries:EnglandWales2024-01-012024-12-31 07471969business:RegisteredOffice2024-01-012024-12-31 07471969core:ComputerEquipment2024-01-012024-12-31 074719692023-01-012023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07471969 (England and Wales)
Twisted Ideas Ltd Unaudited accounts for the year ended 31 December 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Twisted Ideas Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Twisted Ideas Ltd for the year ended 31 December 2024 as set out on pages 3 - 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Sigma Chartered Accountants Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB 21 January 2025
- 2 -
Twisted Ideas Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
953 
2,471 
Current assets
Debtors
264,493 
25,920 
Cash at bank and in hand
121,696 
241,770 
386,189 
267,690 
Creditors: amounts falling due within one year
(149,481)
(18,824)
Net current assets
236,708 
248,866 
Total assets less current liabilities
237,661 
251,337 
Provisions for liabilities
Deferred tax
(239)
(581)
Net assets
237,422 
250,756 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
237,412 
250,746 
Shareholders' funds
237,422 
250,756 
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 21 January 2025 and were signed on its behalf by
Mr Christian Aires Pugliese Director Company Registration No. 07471969
- 3 -
Twisted Ideas Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Twisted Ideas Ltd is a private company, limited by shares, registered in England and Wales, registration number 07471969. The registered office is J O Hunter House, 409 Bradford Road, Huddersfield, West Yorkshire, HD2 2RB, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Computer equipment
25% on cost.
- 4 -
Twisted Ideas Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
24,245 
Additions
786 
At 31 December 2024
25,031 
Depreciation
At 1 January 2024
21,774 
Charge for the year
2,304 
At 31 December 2024
24,078 
Net book value
At 31 December 2024
953 
At 31 December 2023
2,471 
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -