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Company Registration No. 11216036 (England and Wales)
TWIN3 LIMITED Unaudited accounts for the year ended 28 February 2025
TWIN3 LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TWIN3 LIMITED Company Information for the year ended 28 February 2025
Directors
Harry Rowland FAULKNER Keith Michael JACKSON Neil Murray PALETHORPE
Company Number
11216036 (England and Wales)
Registered Office
Room to Work 35-37 High Street Barrow upon Soar Loughborough LE12 8PY United Kingdom
Accountants
Accounts and Returns Ltd 26 Smith St Warwick CV34 4HS
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TWIN3 LIMITED Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,837
7,769
Current assets
Debtors
5
6,600
4,550
Cash at bank and in hand
18,049
3,924
24,649
8,474
Creditors: amounts falling due within one year
6
(11,142)
(14,257)
Net current assets/(liabilities)
13,507
(5,783)
Total assets less current liabilities
16,344
1,986
Creditors: amounts falling due after more than one year
7
(40,625)
(53,125)
Net liabilities
(24,281)
(51,139)
Capital and reserves
Called up share capital
99
99
Profit and loss account
(24,380)
(51,238)
Shareholders' funds
(24,281)
(51,139)
For the year ending 28 February 2025 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 8 September 2025 and were signed on its behalf by
Keith Michael JACKSON Director Company Registration No. 11216036
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TWIN3 LIMITED Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
TWIN3 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11216036. The registered office is Room to Work, 35-37 High Street, Barrow upon Soar, Loughborough, LE12 8PY, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Reducing Balance 25%
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 March 2024
18,395
Additions
399
Disposals
(12,379)
At 28 February 2025
6,415
Depreciation
At 1 March 2024
10,626
Charge for the year
946
On disposals
(7,994)
At 28 February 2025
3,578
Net book value
At 28 February 2025
2,837
At 29 February 2024
7,769
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TWIN3 LIMITED Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,600
4,536
Other debtors
-
14
6,600
4,550
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
6,099
7,238
Trade creditors
3,085
7,019
Loans from directors
1,958
-
11,142
14,257
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
40,625
53,125
8
Transactions with related parties
During the year, the company received a loan amounting to £1,958 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
9
Average number of employees
During the year the average number of employees was 4 (2024: 6).
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