REGISTERED NUMBER: 07109428 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TWO EARS ONE MOUTH LTD

T/A

SPARKMINDS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C E M Harwood

Mr D E Nealon

REGISTERED OFFICE:

3 & 4 Pegasus House, Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

REGISTERED NUMBER:

07109428 (England and Wales)

ACCOUNTANTS:

Pentlands Accountants and advisors Ltd

Chartered Certified Accountants

and Registered Auditors

3 & 4 Pegasus House

Pegasus Court

Olympus Avenue

Warwick

Warwickshire

CV34 6LW

FIXED ASSETS

Tangible assets

4

124,489

20,617

CURRENT ASSETS

Debtors

5

235,124

326,283

Cash at bank

348,501

236,058

583,625

562,341

CREDITORS

Amounts falling due within one year

6

352,624

334,760

NET CURRENT ASSETS

231,001

227,581

TOTAL ASSETS LESS CURRENT LIABILITIES

355,490

248,198

CREDITORS

Amounts falling due after more than one year

7

(103,648

)

(15,000

)

PROVISIONS FOR LIABILITIES

(13,326

)

(5,155

)

NET ASSETS

238,516

228,043

CAPITAL AND RESERVES

Called up share capital

40

40

Share premium

3,140

3,140

Retained earnings

235,336

224,863

SHAREHOLDERS' FUNDS

238,516

228,043

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 September 2025 and were signed on its behalf by:

Mrs C E M Harwood - Director

Mr D E Nealon - Director

1.	STATUTORY INFORMATION

Two Ears One Mouth 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

20% on cost

Website

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Buildings

property

Website

£

£

£

COST

At 1 January 2024

-

8,383

4,709

Additions

10,908

6,726

-

Disposals

-

(8,383

)

-

At 31 December 2024

10,908

6,726

4,709

DEPRECIATION

At 1 January 2024

-

2,081

1,342

Charge for year

1,091

673

942

Eliminated on disposal

-

(2,081

)

-

At 31 December 2024

1,091

673

2,284

NET BOOK VALUE

At 31 December 2024

9,817

6,053

2,425

At 31 December 2023

-

6,302

3,367

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

38,424

-

18,318

69,834

Additions

3,406

132,099

458

153,597

Disposals

-

-

-

(8,383

)

At 31 December 2024

41,830

132,099

18,776

215,048

DEPRECIATION

At 1 January 2024

31,401

-

14,393

49,217

Charge for year

4,478

33,025

3,214

43,423

Eliminated on disposal

-

-

-

(2,081

)

At 31 December 2024

35,879

33,025

17,607

90,559

NET BOOK VALUE

At 31 December 2024

5,951

99,074

1,169

124,489

At 31 December 2023

7,023

-

3,925

20,617

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

130,849

At 31 December 2024

130,849

DEPRECIATION

Charge for year

32,712

At 31 December 2024

32,712

NET BOOK VALUE

At 31 December 2024

98,137

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

206,855

314,884

Other debtors

28,269

11,399

235,124

326,283

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

15,312

-

Trade creditors

134,191

198,245

Taxation and social security

66,467

61,126

Other creditors

126,654

65,389

352,624

334,760

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,000

15,000

Hire purchase contracts

98,648

-

103,648

15,000

8.	ULTIMATE PARENT COMPANY

The ultimate parent company is Squirrels Field Ltd, registered number 14686030.