Registered number
03531034
Twinwood Events Limited
Report and Accounts
31 March 2025
Twinwood Events Limited
Registered number: 03531034
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 463,369 429,981
Current assets
Stocks 1,500 1,500
Debtors 4 409,440 186,000
Cash at bank and in hand 836,292 1,014,375
1,247,232 1,201,875
Creditors: amounts falling due within one year 5 (502,266) (435,683)
Net current assets 744,966 766,192
Net assets 1,208,335 1,196,173
Capital and reserves
Called up share capital 347,276 347,276
Profit and loss account 861,059 848,897
Shareholders' funds 1,208,335 1,196,173
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Wooding
Director
Approved by the board on 3 June 2025
Twinwood Events Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Assets in course of construction over 30 years
Plant and machinery 25% reducing balance
Fixtures, fittings and equipment 33.33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery and fixtures and fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 760,247 169,139 77,922 1,007,308
Additions 32,792 46,199 - 78,991
At 31 March 2025 793,039 215,338 77,922 1,086,299
Depreciation
At 1 April 2024 379,947 140,190 57,190 577,327
Charge for the year 22,267 13,138 10,198 45,603
At 31 March 2025 402,214 153,328 67,388 622,930
Net book value
At 31 March 2025 390,825 62,010 10,534 463,369
At 31 March 2024 380,300 28,949 20,732 429,981
4 Debtors 2025 2024
£ £
Other debtors 409,440 186,000
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 107,835 71,730
Amounts owed to group undertakings and undertakings in which the company has a participating interest 343,055 292,698
Taxation and social security costs 35,187 38,500
Other creditors 16,189 32,755
502,266 435,683
6 Related party transactions
Included at note 5 above is £343,055 (2024: £292,698) due to Bedford Rentals Limited, a company under common control.
7 Other information
Twinwood Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Goldington Road
Bedford
MK40 3JY
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