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Registered Number: 09678421
England and Wales

 

 

 

TWENTY 10 DESIGNS LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Director Iram Husain
Registered Number 09678421
Registered Office 178 Merton High Street
London
SW19 1AY
Accountants ASK ACCOUNTANTS UK LTD
178
Merton High Street
London
SW19 1AY
1
  2024   2023
    £ £   £ £
Fixed assets   22,959      15,684 
Current assets 458,962      436,703   
Creditors: amount falling due within one year (248,317)     (122,328)  
Net current assets   210,645      314,375 
Total assets less current liabilities   233,604      330,059 
Creditors: amount falling due after more than one year   (166,564)     (279,167)
Provisions for liabilities   (3,396)    
Net assets   63,644      50,892 
 

         
Capital and reserves   63,644      50,892 
 
NOTES TO THE ACCOUNTS

General Information
TWENTY 10 DESIGNS LTD is a private company, limited by shares, registered in England and Wales, registration number 09678421, registration address 178 Merton High Street, London, SW19 1AY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over 10 years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 August 2023 19,180    19,180 
Additions 10,200    10,200 
Disposals  
At 31 July 2024 29,380    29,380 
Amortisation
At 01 August 2023 5,296    5,296 
Charge for year 2,938    2,938 
On disposals  
At 31 July 2024 8,234    8,234 
Net book values
At 31 July 2024 21,146    21,146 
At 31 July 2023 13,884    13,884 


3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 August 2023 6,124    3,000    9,124 
Additions   766    766 
Disposals (6,124)     (6,124)
At 31 July 2024   3,766    3,766 
Depreciation
At 01 August 2023 6,124    1,200    7,324 
Charge for year   753    753 
On disposals (6,124)     (6,124)
At 31 July 2024   1,953    1,953 
Net book values
Closing balance as at 31 July 2024   1,813    1,813 
Opening balance as at 01 August 2023   1,800    1,800 


4.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 25 July 2025 and were signed by:


--------------------------------
Iram Husain
Director
2