Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-304false2023-07-01falseOther sports activitiestrue4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11997980 2023-07-01 2024-06-30 11997980 2022-07-01 2023-06-30 11997980 2024-06-30 11997980 2023-06-30 11997980 c:Director2 2023-07-01 2024-06-30 11997980 d:OfficeEquipment 2023-07-01 2024-06-30 11997980 d:OfficeEquipment 2024-06-30 11997980 d:OfficeEquipment 2023-06-30 11997980 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11997980 d:ComputerEquipment 2023-07-01 2024-06-30 11997980 d:ComputerEquipment 2024-06-30 11997980 d:ComputerEquipment 2023-06-30 11997980 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11997980 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11997980 d:CurrentFinancialInstruments 2024-06-30 11997980 d:CurrentFinancialInstruments 2023-06-30 11997980 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11997980 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11997980 d:ShareCapital 2024-06-30 11997980 d:ShareCapital 2023-06-30 11997980 d:RetainedEarningsAccumulatedLosses 2024-06-30 11997980 d:RetainedEarningsAccumulatedLosses 2023-06-30 11997980 c:OrdinaryShareClass1 2023-07-01 2024-06-30 11997980 c:OrdinaryShareClass1 2024-06-30 11997980 c:OrdinaryShareClass1 2023-06-30 11997980 c:FRS102 2023-07-01 2024-06-30 11997980 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11997980 c:FullAccounts 2023-07-01 2024-06-30 11997980 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11997980 2 2023-07-01 2024-06-30 11997980 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11997980









TWO TOUCH AGENCY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
TWO TOUCH AGENCY LTD
REGISTERED NUMBER: 11997980

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,639
4,505

  
5,639
4,505

Current assets
  

Debtors: amounts falling due within one year
 5 
112,628
131,510

Cash at bank and in hand
 6 
403,853
5,118

  
516,481
136,628

Creditors: amounts falling due within one year
 7 
(149,008)
(42,397)

Net current assets
  
 
 
367,473
 
 
94,231

Total assets less current liabilities
  
373,112
98,736

Provisions for liabilities
  

Deferred tax
  
(1,410)
(1,126)

  
 
 
(1,410)
 
 
(1,126)

Net assets
  
371,702
97,610


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
371,602
97,510

  
371,702
97,610


Page 1

 
TWO TOUCH AGENCY LTD
REGISTERED NUMBER: 11997980
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R RS Lee
Director

Date: 18 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Two Touch Agency Ltd is a private company, limited by shares, registered in England and Wales,
registration number 11997980. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the comapny.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
6,486
5,920
12,406


Additions
686
4,507
5,193



At 30 June 2024

7,172
10,427
17,599



Depreciation


At 1 July 2023
3,295
4,606
7,901


Charge for the year on owned assets
2,244
1,815
4,059



At 30 June 2024

5,539
6,421
11,960



Net book value



At 30 June 2024
1,633
4,006
5,639



At 30 June 2023
3,191
1,314
4,505


5.


Debtors

2024
2023
£
£


Trade debtors
66,170
52,479

Other debtors
42,680
76,985

Prepayments and accrued income
3,778
2,046

112,628
131,510



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
403,853
5,118

403,853
5,118


Page 7

 
TWO TOUCH AGENCY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,800

Corporation tax
143,932
-

Other creditors
-
35,523

Accruals and deferred income
5,076
5,074

149,008
42,397



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 8