Company Registration No. 11012113 (England and Wales)
Twentyco Limited
Unaudited accounts
for the year ended 31 January 2024
Twentyco Limited
Unaudited accounts
Contents
Twentyco Limited
Company Information
for the year ended 31 January 2024
Directors
D J L Harper
N A Merrey
Company Number
11012113 (England and Wales)
Registered Office
PANORAMIC HOUSE BANKSIDE
THE WATERMARK
GATESHEAD
NE11 9SY
ENGLAND
Accountants
Craven Professional Solutions
126 Monkswell House
Manse Lane
Knaresborough
North Yorkshire
HG5 8NQ
Twentyco Limited
Statement of financial position
as at 31 January 2024
Tangible assets
1,118
1,839
Investment property
61,867
61,867
Cash at bank and in hand
1,713
135,676
Creditors: amounts falling due within one year
(450,965)
(376,779)
Net current (liabilities)/assets
(67,460)
108,719
Net (liabilities)/assets
(4,475)
172,425
Called up share capital
100
100
Profit and loss account
(4,575)
172,325
Shareholders' funds
(4,475)
172,425
For the year ending 31 January 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
D J L Harper
Director
Company Registration No. 11012113
Twentyco Limited
Notes to the Accounts
for the year ended 31 January 2024
Twentyco Limited is a private company, limited by shares, registered in England and Wales, registration number 11012113. The registered office is PANORAMIC HOUSE BANKSIDE, THE WATERMARK, GATESHEAD, NE11 9SY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% p.a. on cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Twentyco Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 February 2023
61,867
Amounts falling due within one year
Other debtors
381,792
349,822
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
133,168
81,366
Other creditors
211,697
55,113
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Twentyco Limited
Notes to the Accounts
for the year ended 31 January 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Advances and credits
199,797
130,291
110,437
219,651
199,797
130,291
110,437
219,651
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).