Twofold Spirits Limited

Twofold Spirits Limited
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £
Fixed assets
Intangible fixed assets	3	5,570
		5,570
Current assets
Stocks	4	27,520
Debtors	5	28,800
Cash at bank and in hand		7,746
		64,066
Creditors: amount falling due within one year	6	(74,608)
Net current assets		(10,542)

Total assets less current liabilities		(4,972)
Net assets		(4,972)

Capital and reserves
Called up share capital	7	100
Profit and loss account		(5,072)
Shareholders' funds		(4,972)

For the period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 29 October 2025 and were signed on its behalf by:

-------------------------------
C Shepherd
Director

Twofold Spirits Limited
Notes to the Financial Statements
For the Period 30 January 2024 to 31 January 2025

General Information

Twofold Spirits Limited is a private company, limited by shares, registered in England and Wales, registration number 15454594, registration address 23-25 Bore Street, Lichfield, Staffordshire, WS13 6NA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

The Company has transferred the significant risks and rewards of ownership to the buyer

The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

The amount of revenue can be measured reliably;

It is probable that the Company will receive the consideration due under the transaction; and

The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses.

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.	Average number of employees Average number of employees during the period was 2.

Intangible fixed assets

Cost	Other	Trade Mark	Total
	£	£	£
At 30 January 2024	-	-	-
Additions	4,120	2,860	6,980
Disposals	-	-	-
At 31 January 2025	4,120	2,860	6,980
Amortisation
At 30 January 2024	-	-	-
Charge for period	1,372	38	1,410
On disposals	-	-	-
At 31 January 2025	1,372	38	1,410
Net book values
At 31 January 2025	2,748	2,822	5,570
At 29 January 2024	-	-	-

Stocks

	2025 £
Stocks	27,520
	27,520

Debtors: amounts falling due within one year

	2025 £
Trade Debtors	806
Other Debtors	27,948
	28,754

Debtors: amounts falling due after one year

	2025 £
Other Debtors	46
	46

Creditors: amount falling due within one year

	2025 £
Other Creditors	74,608
	74,608

Creditors: amount falling due after more than one year

	2025 £
	0

Share Capital

Allotted, called up and fully paid	2025 £
100 Ordinary shares of £1.00 each	100
	100

Registered Number: 15454594
England and Wales
Unaudited Financial Statements

for the period ended 31 January 2025
for
TWOFOLD SPIRITS LIMITED