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REGISTERED NUMBER: SC690008 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

2WIRE INNOVATIONS LTD

2WIRE INNOVATIONS LTD (REGISTERED NUMBER: SC690008)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


2WIRE INNOVATIONS LTD

Company Information
for the Year Ended 28 February 2025







DIRECTORS: S A Ware
J A Ware





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC690008 (Scotland)






2WIRE INNOVATIONS LTD (REGISTERED NUMBER: SC690008)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,736 24,817
Tangible assets 5 242 -
30,978 24,817

CURRENT ASSETS
Debtors 6 104,671 719
Cash at bank 4,069 6,050
108,740 6,769
CREDITORS
Amounts falling due within one year 7 128,934 22,195
NET CURRENT LIABILITIES (20,194 ) (15,426 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,784

9,391

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 8,784 7,391
10,784 9,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:



J A Ware - Director


2WIRE INNOVATIONS LTD (REGISTERED NUMBER: SC690008)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. STATUTORY INFORMATION

2wire Innovations Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

2WIRE INNOVATIONS LTD (REGISTERED NUMBER: SC690008)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2024 24,817
Additions 5,919
At 28 February 2025 30,736
NET BOOK VALUE
At 28 February 2025 30,736
At 29 February 2024 24,817

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 311
At 28 February 2025 311
DEPRECIATION
Charge for year 69
At 28 February 2025 69
NET BOOK VALUE
At 28 February 2025 242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 103,799 -
Other debtors 872 719
104,671 719

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,541 194
Amounts owed to participating interests - 44
Other creditors 127,393 21,957
128,934 22,195

2WIRE INNOVATIONS LTD (REGISTERED NUMBER: SC690008)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


8. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.