1 September 2024 false No description of principal activity Taxfiler 2024.6 15106048business:PrivateLimitedCompanyLtd2024-09-012025-03-31 151060482024-08-31 151060482024-09-012025-03-31 15106048business:AuditExemptWithAccountantsReport2024-09-012025-03-31 15106048business:FilletedAccounts2024-09-012025-03-31 151060482025-03-31 15106048business:Director12024-09-012025-03-31 15106048business:RegisteredOffice2024-09-012025-03-31 151060482024-08-31 15106048core:WithinOneYear2025-03-31 15106048core:WithinOneYear2024-08-31 15106048core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 15106048core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 15106048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 15106048core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 15106048core:PreviouslyStatedAmount2025-03-31 15106048core:PreviouslyStatedAmount2024-08-31 15106048business:SmallEntities2024-09-012025-03-31 15106048countries:EnglandWales2024-09-012025-03-31 15106048core:ComputerEquipment2024-09-012025-03-31 15106048core:ComputerEquipment2024-08-31 15106048core:ComputerEquipment2025-03-31 15106048core:AfterOneYear2025-03-31 15106048core:AfterOneYear2024-08-31 15106048core:BetweenOneFiveYears2025-03-31 15106048core:BetweenOneFiveYears2024-08-31 15106048business:Director112024-09-012025-03-31 15106048business:Director112024-08-31 15106048business:Director112025-03-31 151060482023-08-302024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 15106048 (England and Wales)
Two Circles Design Ltd Unaudited accounts for the period from 1 September 2024 to 31 March 2025
Two Circles Design Ltd Unaudited accounts Contents
Page
- 2 -
Two Circles Design Ltd Company Information for the period from 1 September 2024 to 31 March 2025
Director
G Arthur
Company Number
15106048 (England and Wales)
Registered Office
1 Lawrence Gardens Horley West Sussex RH6 8SZ
- 3 -
Two Circles Design Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,149 
5,355 
Current assets
Debtors
50,907 
2,856 
Cash at bank and in hand
60,126 
34,144 
111,033 
37,000 
Creditors: amounts falling due within one year
(48,327)
(20,764)
Net current assets
62,706 
16,236 
Total assets less current liabilities
66,855 
21,591 
Provisions for liabilities
Deferred tax
(1,068)
(1,268)
Net assets
65,787 
20,323 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,786 
20,322 
Shareholders' funds
65,787 
20,323 
For the period ending 31 March 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 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 12 May 2025 and were signed on its behalf by
G Arthur Director Company Registration No. 15106048
- 4 -
Two Circles Design Ltd Notes to the Accounts for the period from 1 September 2024 to 31 March 2025
1
Statutory information
Two Circles Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 15106048. The registered office is 1 Lawrence Gardens, Horley, West Sussex, RH6 8SZ.
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 period, 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 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.
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
3 years on cost
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Two Circles Design Ltd Notes to the Accounts for the period from 1 September 2024 to 31 March 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2024
6,204 
At 31 March 2025
6,204 
Depreciation
At 1 September 2024
849 
Charge for the period
1,206 
At 31 March 2025
2,055 
Net book value
At 31 March 2025
4,149 
At 31 August 2024
5,355 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,300 
- 
Accrued income and prepayments
7,547 
353 
Other debtors
9,974 
2,503 
47,821 
2,856 
Amounts falling due after more than one year
Accrued income and prepayments
3,086 
- 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
273 
- 
Taxes and social security
47,656 
18,934 
Other creditors
398 
1,830 
48,327 
20,764 
7
Operating lease commitments
2025 
2024 
£ 
£ 
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,278 
- 
Later than one year and not later than five years
15,835 
- 
21,113 
- 
- 6 -
Two Circles Design Ltd Notes to the Accounts for the period from 1 September 2024 to 31 March 2025
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Included in other debtors
(5)
50,279 
40,300 
9,974 
(5)
50,279 
40,300 
9,974 
The director's loan was repaid within 9 months of the yearend.
9
Average number of employees
During the period the average number of employees was 1 (2024: 1).
- 7 -