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Company Registration No. 14221071 (England and Wales)
Twiyo Limited Unaudited accounts for the year ended 31 July 2024
Twiyo Limited Unaudited accounts Contents
Page
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Twiyo Limited Company Information for the year ended 31 July 2024
Director
Gavin Shaun Preston
Company Number
14221071 (England and Wales)
Registered Office
Shift Works Royal House 14 Upper Northgate Street Chester Cheshire CH1 4EE England
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Twiyo Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
378,835 
378,835 
Current assets
Cash at bank and in hand
300 
300 
Creditors: amounts falling due within one year
(58,000)
(58,750)
Net current liabilities
(57,700)
(58,450)
Total assets less current liabilities
321,135 
320,385 
Creditors: amounts falling due after more than one year
(320,215)
(319,538)
Net assets
920 
847 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
720 
647 
Shareholders' funds
920 
847 
For the year ending 31 July 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.
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 25 April 2025 and were signed on its behalf by
Gavin Shaun Preston Director Company Registration No. 14221071
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Twiyo Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Twiyo Limited is a private company, limited by shares, registered in England and Wales, registration number 14221071. The registered office is Shift Works, Royal House, 14 Upper Northgate Street, Chester, Cheshire, CH1 4EE, 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.
Fixed Asset Investments
Investments in subsidiary undertakings are stated in the parent company’s balance sheet at cost, less any provision for impairment. Cost includes the purchase price and any directly attributable costs of investment. Where indicators of impairment exist, the carrying value of the investment is assessed against its recoverable amount. Any resulting impairment loss is recognised in the profit and loss account. Dividends received from subsidiaries are recognised in the profit and loss account when the right to receive payment is established.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible
Related party transactions
The Company is exempt from the requirement to disclose related party transactions under Section 1A of FRS 102, as it meets the definition of a small company in accordance with the Companies Act 2006. The directors confirm that there were no related party transactions during the year ended 31st July 2024 that are required to be disclosed under FRS 102.
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Twiyo Limited Notes to the Accounts for the year ended 31 July 2024
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
378,835 
Valuation at 31 July 2024
378,835 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
58,000 
58,000 
Accruals
- 
750 
58,000 
58,750 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
241,215 
239,538 
Other creditors
79,000 
80,000 
320,215 
319,538 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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