REGISTERED NUMBER: 10656878 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Twenty Twenty Financial Solutions

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs E L Morley

REGISTERED OFFICE:

9 Duke of Wellington Gardens

Wynyard

Billingham

TS22 5FY

REGISTERED NUMBER:

10656878 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Intangible assets

4

53,333

61,933

Tangible assets

5

199

299

53,532

62,232

CURRENT ASSETS

Debtors

6

8,913

2,798

Cash at bank

12,164

5,094

21,077

7,892

CREDITORS

Amounts falling due within one year

7

35,517

36,148

NET CURRENT LIABILITIES

(14,440

)

(28,256

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,092

33,976

CREDITORS

Amounts falling due after more than one year

8

1,497

6,541

NET ASSETS

37,595

27,435

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,495

27,335

37,595

27,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2025 and were signed by:

Mrs E L Morley - Director

1.	STATUTORY INFORMATION

Twenty Twenty Financial Solutions Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

92,000

AMORTISATION

At 1 February 2024

30,067

Charge for year

8,600

At 31 January 2025

38,667

NET BOOK VALUE

At 31 January 2025

53,333

At 31 January 2024

61,933

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

399

DEPRECIATION

At 1 February 2024

100

Charge for year

100

At 31 January 2025

200

NET BOOK VALUE

At 31 January 2025

199

At 31 January 2024

299

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

7,977

2,548

Other debtors

936

250

8,913

2,798

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

3,508

3,508

Taxation and social security

11,139

6,433

Other creditors

20,870

26,207

35,517

36,148

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans

1,497

5,147

Other creditors

-

1,394

1,497

6,541