Acorah Software Products - Accounts Production 16.2.850 false true false 6 January 2024 31 January 2025 31 January 2025 15392556 Mr Lee Kirby Mr Jacob Crees-Cokayne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15392556 2024-01-05 15392556 2025-01-31 15392556 2024-01-06 2025-01-31 15392556 frs-core:CurrentFinancialInstruments 2025-01-31 15392556 frs-core:ComputerEquipment 2025-01-31 15392556 frs-core:ComputerEquipment 2024-01-06 2025-01-31 15392556 frs-core:ComputerEquipment 2024-01-05 15392556 frs-core:PlantMachinery 2025-01-31 15392556 frs-core:PlantMachinery 2024-01-06 2025-01-31 15392556 frs-core:PlantMachinery 2024-01-05 15392556 frs-core:ShareCapital 2024-01-05 15392556 frs-core:ShareCapital 2025-01-31 15392556 frs-core:RetainedEarningsAccumulatedLosses 2024-01-06 2025-01-31 15392556 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-01-05 15392556 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 15392556 frs-bus:PrivateLimitedCompanyLtd 2024-01-06 2025-01-31 15392556 frs-bus:FilletedAccounts 2024-01-06 2025-01-31 15392556 frs-bus:SmallEntities 2024-01-06 2025-01-31 15392556 frs-bus:AuditExemptWithAccountantsReport 2024-01-06 2025-01-31 15392556 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-06 2025-01-31 15392556 frs-bus:Director1 2024-01-06 2025-01-31 15392556 frs-bus:Director2 2024-01-06 2025-01-31 15392556 frs-countries:EnglandWales 2024-01-06 2025-01-31
Registered number: 15392556
Two's Company Films Limited
Unaudited Financial Statements
For the Period 6 January 2024 to 31 January 2025
Oxwich Accountancy Limited
ICAEW member firm number C006246679
Contents
Page
Accountants' Report 1
Balance Sheet 2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Two's Company Films Limited for the period 6 January 2024 to 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Two's Company Films Limited for the period 6 January 2024 to 31 January 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Two's Company Films Limited , as a body, in accordance with the terms of our engagement letter dated 11 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Two's Company Films Limited and state those matters that we have agreed to state to the directors of Two's Company Films Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Two's Company Films Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Two's Company Films Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Two's Company Films Limited . You consider that Two's Company Films Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Two's Company Films Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Dr. Ceri Rhys Williams
14/05/2025
Oxwich Accountancy Limited
ICAEW member firm number C006246679
113 Canalside
Redhill
Surrey
RH1 2FH
Page 1
Page 2
Balance Sheet
Registered number: 15392556
31 January 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 20,042
20,042
CURRENT ASSETS
Debtors 5 22,797
Cash at bank and in hand 25,203
48,000
Creditors: Amounts Falling Due Within One Year 6 (43,222 )
NET CURRENT ASSETS (LIABILITIES) 4,778
TOTAL ASSETS LESS CURRENT LIABILITIES 24,820
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (4,066 )
NET ASSETS 20,754
CAPITAL AND RESERVES
Called up share capital 8 2
Profit and Loss Account 20,752
SHAREHOLDERS' FUNDS 20,754
For the period 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 Lee Kirby
Director
Mr Jacob Crees-Cokayne
Director
16/05/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 6 January 2024 2 - 2
Profit for the period and total comprehensive income - 86,752 86,752
Dividends paid - (66,000) (66,000)
As at 31 January 2025 2 20,752 20,754
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Two's Company Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15392556 . The registered office is 29 Tormount Road, LONDON, SE18 1QD.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 5 years
Computer Equipment 3 years
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 6 January 2024 - - -
Additions 18,733 5,109 23,842
As at 31 January 2025 18,733 5,109 23,842
Depreciation
As at 6 January 2024 - - -
Provided during the period 2,147 1,653 3,800
As at 31 January 2025 2,147 1,653 3,800
Net Book Value
As at 31 January 2025 16,586 3,456 20,042
As at 6 January 2024 - - -
5. Debtors
31 January 2025
£
Due within one year
Trade debtors 18,565
Other debtors 4,232
22,797
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
31 January 2025
£
Trade creditors 396
Bank loans and overdrafts 55
Corporation tax 20,600
VAT 12,215
Accruals and deferred income 468
Directors' loan accounts 9,488
43,222
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 January 2025
£
Other timing differences 4,066
8. Share Capital
31 January 2025
£
Allotted, Called up and fully paid 2
9. Dividends
31 January 2025
£
On equity shares:
Interim dividend paid 66,000
10. Related Party Transactions
Included in other debtors are amounts owed to company directors as detailed below. These amounts are non interest bearing and repayable on demand. The directors do not intend to withdraw these amounts unless there is adequate working capital avilable in the company at the date of transfer.
On inception, the company purchased computer equipment and filming equipment from company directors, who had previously operated as sole traders. Equipment was purchased at fair market value at the date of transfer, taking into account the original purchase price, age and condition of equipment. Where possible the directors also considered prices of comparable items listed for sale on online auction sites. 
Mr. Jacob William Crees-CockayneCompany DirectorDirector loan at 31 Jan 2025 totalling £5,316.98. Equipment sold to the company, on inception, with total value £4,295.

Mr. Jacob William Crees-Cockayne

Company Director

Director loan at 31 Jan 2025 totalling £5,316.98. Equipment sold to the company, on inception, with total value £4,295.

Mr. Lee Matthew KirbyCompany DirectorDirector loan at 31 Jan 2025 totalling £4,171.08. Equipment sold to the company, on inception, with total value £2,759.

Mr. Lee Matthew Kirby

Company Director

Director loan at 31 Jan 2025 totalling £4,171.08. Equipment sold to the company, on inception, with total value £2,759.

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