Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 02319759 2000NET.COM LIMITED UNFORGETTABLE MANAGEMENT LIMITED Mr Darron Hartas Mr John Coleson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02319759 2024-01-31 02319759 2025-01-31 02319759 2024-02-01 2025-01-31 02319759 frs-core:CurrentFinancialInstruments 2025-01-31 02319759 frs-core:Non-currentFinancialInstruments 2025-01-31 02319759 frs-core:ComputerEquipment 2025-01-31 02319759 frs-core:ComputerEquipment 2024-02-01 2025-01-31 02319759 frs-core:ComputerEquipment 2024-01-31 02319759 frs-core:FurnitureFittings 2025-01-31 02319759 frs-core:FurnitureFittings 2024-02-01 2025-01-31 02319759 frs-core:FurnitureFittings 2024-01-31 02319759 frs-core:SharePremium 2025-01-31 02319759 frs-core:ShareCapital 2025-01-31 02319759 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 02319759 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02319759 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 02319759 frs-bus:SmallEntities 2024-02-01 2025-01-31 02319759 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02319759 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02319759 frs-bus:Director1 2024-02-01 2025-01-31 02319759 frs-bus:Director2 2024-02-01 2025-01-31 02319759 frs-bus:Director3 2024-02-01 2025-01-31 02319759 frs-bus:Director4 2024-02-01 2025-01-31 02319759 frs-countries:EnglandWales 2024-02-01 2025-01-31 02319759 2023-01-31 02319759 2024-01-31 02319759 2023-02-01 2024-01-31 02319759 frs-core:CurrentFinancialInstruments 2024-01-31 02319759 frs-core:Non-currentFinancialInstruments 2024-01-31 02319759 frs-core:SharePremium 2024-01-31 02319759 frs-core:ShareCapital 2024-01-31 02319759 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 02319759
Two Heads Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Tasker Osman & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02319759
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214 284
214 284
CURRENT ASSETS
Stocks 5 750 750
Debtors 6 3,623 13,426
Cash at bank and in hand 3,939 2,612
8,312 16,788
Creditors: Amounts Falling Due Within One Year 7 (6,241 ) (9,784 )
NET CURRENT ASSETS (LIABILITIES) 2,071 7,004
TOTAL ASSETS LESS CURRENT LIABILITIES 2,285 7,288
Creditors: Amounts Falling Due After More Than One Year 8 (20,346 ) (11,256 )
NET LIABILITIES (18,061 ) (3,968 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 62,421 62,421
Profit and Loss Account (81,482 ) (67,389 )
SHAREHOLDERS' FUNDS (18,061) (3,968)
Page 1
Page 2
For the year ending 31 January 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darron Hartas
Director
19/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Two Heads Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02319759 . The registered office is 11 Quorn Close, Attenborough, Nottingham, Nottinghamshire, NG9 6BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 34,101 2,732 36,833
As at 31 January 2025 34,101 2,732 36,833
Depreciation
As at 1 February 2024 33,962 2,587 36,549
Provided during the period 34 36 70
As at 31 January 2025 33,996 2,623 36,619
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 January 2025 105 109 214
As at 1 February 2024 139 145 284
5. Stocks
2025 2024
£ £
Stocks 750 750
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,623 13,426
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 706 1,611
VAT 735 3,138
Accruals and deferred income 530 530
Directors' loan accounts 4,270 4,505
6,241 9,784
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 5,932 11,256
Other loans 14,414 -
20,346 11,256
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4