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REGISTERED NUMBER: 06855079 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

TWO DAY LIMITED

TWO DAY LIMITED (REGISTERED NUMBER: 06855079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TWO DAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mrs P D Day





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 06855079 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

TWO DAY LIMITED (REGISTERED NUMBER: 06855079)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 141,833 153,333
Tangible assets 5 4,163 5,330
145,996 158,663

CURRENT ASSETS
Debtors 6 18,556 59,083

CREDITORS
Amounts falling due within one year 7 163,583 218,424
NET CURRENT LIABILITIES (145,027 ) (159,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

969

(678

)

PROVISIONS FOR LIABILITIES 416 555
NET ASSETS/(LIABILITIES) 553 (1,233 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 453 (1,333 )
SHAREHOLDERS' FUNDS 553 (1,233 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 12 March 2025 and were signed by:



Mrs P D Day - Director


TWO DAY LIMITED (REGISTERED NUMBER: 06855079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Two Day 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.

Goodwill
The goodwill purchased with the acquisition of the business in 2009, has been amortised evenly over its estimated useful life of ten years.

The goodwill acquired on 1 July 2018 is being amortised evenly over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Vehicles - 33% on cost
Computer equipment - 33% on cost
Fixtures & fittings - 15% on reducing balance
Office equipment - 25% on reducing balance

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.

TWO DAY LIMITED (REGISTERED NUMBER: 06855079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 252,500
AMORTISATION
At 1 July 2023 99,167
Amortisation for year 11,500
At 30 June 2024 110,667
NET BOOK VALUE
At 30 June 2024 141,833
At 30 June 2023 153,333

Goodwill has been reviewed in the year and is now being amortised over the revised estimated useful life of 20 years.

TWO DAY LIMITED (REGISTERED NUMBER: 06855079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Short Computer
leasehold Vehicles equipment
£    £    £   
COST
At 1 July 2023 576 2,750 4,132
Additions - - 510
At 30 June 2024 576 2,750 4,642
DEPRECIATION
At 1 July 2023 576 2,750 2,694
Charge for year - - 889
At 30 June 2024 576 2,750 3,583
NET BOOK VALUE
At 30 June 2024 - - 1,059
At 30 June 2023 - - 1,438

Fixtures Office
& fittings equipment Totals
£    £    £   
COST
At 1 July 2023 5,217 9,763 22,438
Additions - - 510
At 30 June 2024 5,217 9,763 22,948
DEPRECIATION
At 1 July 2023 3,369 7,719 17,108
Charge for year 277 511 1,677
At 30 June 2024 3,646 8,230 18,785
NET BOOK VALUE
At 30 June 2024 1,571 1,533 4,163
At 30 June 2023 1,848 2,044 5,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 977 -
Other debtors 9,174 47,829
Prepayments & accrued income 8,405 11,254
18,556 59,083

TWO DAY LIMITED (REGISTERED NUMBER: 06855079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,872 16,700
Trade creditors 28,135 41,788
Corporation tax 4,843 8,744
Social security and other taxes 2,304 11,697
VAT 19,344 16,419
Other creditors 18,266 18,054
Director's current account 83,894 100,778
Accrued expenses 3,925 4,244
163,583 218,424

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,793 14,069
Between one and five years 4,202 6,800
17,995 20,869