IRIS Accounts Production v25.1.4.42 11618862 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116188622023-10-31116188622024-10-31116188622023-11-012024-10-31116188622022-10-31116188622022-11-012023-10-31116188622023-10-3111618862ns15:EnglandWales2023-11-012024-10-3111618862ns14:PoundSterling2023-11-012024-10-3111618862ns10:Director12023-11-012024-10-3111618862ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3111618862ns10:SmallEntities2023-11-012024-10-3111618862ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3111618862ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3111618862ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3111618862ns10:FullAccounts2023-11-012024-10-3111618862ns10:CompanySecretary12023-11-012024-10-3111618862ns10:RegisteredOffice2023-11-012024-10-3111618862ns5:CurrentFinancialInstruments2024-10-3111618862ns5:CurrentFinancialInstruments2023-10-3111618862ns5:Non-currentFinancialInstruments2024-10-3111618862ns5:Non-currentFinancialInstruments2023-10-3111618862ns5:ShareCapital2024-10-3111618862ns5:ShareCapital2023-10-3111618862ns5:RetainedEarningsAccumulatedLosses2024-10-3111618862ns5:RetainedEarningsAccumulatedLosses2023-10-3111618862ns5:PlantMachinery2023-11-012024-10-3111618862ns5:ComputerEquipment2023-11-012024-10-3111618862ns5:PlantMachinery2023-10-3111618862ns5:ComputerEquipment2023-10-3111618862ns5:PlantMachinery2024-10-3111618862ns5:ComputerEquipment2024-10-3111618862ns5:PlantMachinery2023-10-3111618862ns5:ComputerEquipment2023-10-3111618862ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111618862ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111618862ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3111618862ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-31
















Twins Medical Services Ltd

Financial Statements for the Year Ended 31 October 2024






Twins Medical Services Ltd (Registered number: 11618862)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Twins Medical Services Ltd

Company Information
for the year ended 31 October 2024







DIRECTOR: Mr M McGuinness





SECRETARY: Mr M McGuinness





REGISTERED OFFICE: Unit D, The Granary
Fairclough Hall Farm
Halls Green
Weston, Hitchin
Hertfordshire
SG4 7DP





REGISTERED NUMBER: 11618862 (England and Wales)





ACCOUNTANTS: Hargreaves Owen Ltd
Chartered Certified Accountants
Red Sky House
Fairclough Hall, Halls Green
Weston
Hertfordshire
SG4 7DP

Twins Medical Services Ltd (Registered number: 11618862)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 103,060 117,055

CURRENT ASSETS
Debtors 5 284,414 100,129
Cash at bank 262,491 61,738
546,905 161,867
CREDITORS
Amounts falling due within one year 6 265,810 137,269
NET CURRENT ASSETS 281,095 24,598
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,155

141,653

CREDITORS
Amounts falling due after more than one
year

7

54,905

-
NET ASSETS 329,250 141,653

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 329,150 141,553
SHAREHOLDERS' FUNDS 329,250 141,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Twins Medical Services Ltd (Registered number: 11618862)

Balance Sheet - continued
31 October 2024


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 director and authorised for issue on 16 July 2025 and were signed by:





Mr M McGuinness - Director


Twins Medical Services Ltd (Registered number: 11618862)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Twins Medical Services Ltd is a private company, limited by shares , registered in England and Wales. 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.

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 - 25% on reducing balance
Computer equipment - 50% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 154,374 1,700 156,074
Additions 37,692 - 37,692
Disposals (13,000 ) - (13,000 )
At 31 October 2024 179,066 1,700 180,766
DEPRECIATION
At 1 November 2023 38,594 425 39,019
Charge for year 38,368 319 38,687
At 31 October 2024 76,962 744 77,706
NET BOOK VALUE
At 31 October 2024 102,104 956 103,060
At 31 October 2023 115,780 1,275 117,055

Twins Medical Services Ltd (Registered number: 11618862)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,914 93,701
Intercompany Debtor 100,000 -
VAT 3,950 5,878
Prepayments 550 550
284,414 100,129

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,300 17,442
Hire purchase contracts 10,074 -
Corporation tax 97,907 17,575
Directors' current accounts 153,629 102,252
Accrued expenses 1,900 -
265,810 137,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 12,842 -
Hire purchase contracts 42,063 -
54,905 -