Company Registration No. 15106048 (England and Wales)
Two Circles Design Ltd
Unaudited accounts
for the year ended 31 March 2026
Two Circles Design Ltd
Unaudited accounts
Contents
Two Circles Design Ltd
Company Information
for the year ended 31 March 2026
Company Number
15106048 (England and Wales)
Registered Office
1 Lawrence Gardens
Horley
West Sussex
RH6 8SZ
Two Circles Design Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
2,081
4,149
Cash at bank and in hand
4,581
60,126
Creditors: amounts falling due within one year
(16,815)
(48,327)
Net current assets
40,281
62,706
Total assets less current liabilities
42,362
66,855
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
41,965
65,786
Shareholders' funds
41,966
65,787
For the year ending 31 March 2026 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 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 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 and authorised for issue on 15 June 2026 and were signed on its behalf by
G Arthur
Director
Company Registration No. 15106048
Two Circles Design Ltd
Notes to the Accounts
for the year ended 31 March 2026
Two Circles Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 15106048. The registered office is 1 Lawrence Gardens, Horley, West Sussex, RH6 8SZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
3 years on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Two Circles Design Ltd
Notes to the Accounts
for the year ended 31 March 2026
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Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
31,200
30,300
Accrued income and prepayments
1,966
7,547
Other debtors
17,321
9,974
Amounts falling due after more than one year
Accrued income and prepayments
2,028
3,086
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Creditors: amounts falling due within one year
2026
2025
Taxes and social security
16,226
47,656
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Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
5,278
5,278
Later than one year and not later than five years
10,556
15,835
Two Circles Design Ltd
Notes to the Accounts
for the year ended 31 March 2026
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Included in other debtors
9,974
11,386
4,039
17,321
9,974
11,386
4,039
17,321
The director's loan was cleared within 9 months of the yearend.
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Average number of employees
During the year the average number of employees was 1 (2025: 1).