Twenty Two Tuning Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13387718

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,980		2,869

			21,980		2,869
CURRENT ASSETS
Debtors	5	13,903		8,954
Cash at bank and in hand		134,673		82,895

		148,576		91,849
Creditors: Amounts Falling Due Within One Year	6	(115,529 )		(71,901 )

NET CURRENT ASSETS (LIABILITIES)			33,047		19,948

TOTAL ASSETS LESS CURRENT LIABILITIES			55,027		22,817

Creditors: Amounts Falling Due After More Than One Year	7		(17,250 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,176 )		(545 )

NET ASSETS			33,601		22,272

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			33,600		22,271

SHAREHOLDERS' FUNDS			33,601		22,272

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Twenty Two Tuning Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Aaron Lightbown

Director

23/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Twenty Two Tuning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13387718 . The registered office is 86-90 Paul Street, London, EC2A 4NE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	Straight line basis over five years.
Fixtures & Fittings	Straight line basis over five years.
Computer Equipment	Straight line basis over five years.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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 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.

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Twenty Two Tuning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.7. Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from

impairment are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2024	-	-	4,597	4,597
Additions	22,999	2,039	-	25,038

As at 31 May 2025	22,999	2,039	4,597	29,635

Depreciation
As at 1 June 2024	-	-	1,728	1,728
Provided during the period	4,600	408	919	5,927

As at 31 May 2025	4,600	408	2,647	7,655

Net Book Value
As at 31 May 2025	18,399	1,631	1,950	21,980

As at 1 June 2024	-	-	2,869	2,869

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	13,903	8,954

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,750	-
Trade creditors	1,108	879
Other creditors	99,235	63,868
Taxation and social security	9,436	7,154

	115,529	71,901

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	17,250	-

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Twenty Two Tuning Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,750	-
Later than one year and not later than five years	17,250	-

	23,000	-

	23,000	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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