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Company No: 13891052 (England and Wales)

# TWMISCO LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2026
Pages for filing with the registrar

TWMISCO LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2026

Contents

TWMISCO LIMITED

## BALANCE SHEET

As at 30 April 2026
TWMISCO LIMITED

## BALANCE SHEET (continued)

As at 30 April 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 62,603 |  | 66,439
Tangible assets | 4 | 44,965 |  | 52,166
|  | 107,568 |  | 118,605
Current assets |  |  |  |
Stocks |  | 204,818 |  | 150,817
Debtors | 5 | 647,038 |  | 684,935
Cash at bank and in hand |  | 375,513 |  | 300,073
|  | 1,227,369 |  | 1,135,825
Creditors: amounts falling due within one year | 6 | ( 786,343) |  | ( 905,493)
Net current assets |  | 441,026 |  | 230,332
Total assets less current liabilities |  | 548,594 |  | 348,937
Net assets |  | 548,594 |  | 348,937
Capital and reserves |  |  |  |
Called-up share capital | 7 | 10 |  | 10
Profit and loss account |  | 548,584 |  | 348,927
Total shareholders' funds |  | 548,594 |  | 348,937

For the financial year ending 30 April 2026 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 financial statements for the financial year 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 financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of TWMISCO Limited (registered number: 13891052) were approved and authorised for issue by the Board of Directors on 23 June 2026. They were signed on its behalf by:

Leyla Truscott Director |

TWMISCO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2026
TWMISCO LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

TWMISCO Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 7-8 King Charles Business Park, Heathfield, Newton Abbot, TQ12 6UT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings | 5 years straight line
Plant and machinery | 5 years straight line
Fixtures and fittings | 7 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 9 |  | 9

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 May 2025 | 76,717 |  | 76,717
At 30 April 2026 | 76,717 |  | 76,717
Accumulated amortisation |  |  |
At 01 May 2025 | 10,278 |  | 10,278
Charge for the financial year | 3,836 |  | 3,836
At 30 April 2026 | 14,114 |  | 14,114
Net book value |  |  |
At 30 April 2026 | 62,603 |  | 62,603
At 30 April 2025 | 66,439 |  | 66,439

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 May 2025 | 414 |  | 64,756 |  | 1,454 |  | 18,087 |  | 84,711
Additions | 0 |  | 2,003 |  | 0 |  | 8,779 |  | 10,782
At 30 April 2026 | 414 |  | 66,759 |  | 1,454 |  | 26,866 |  | 95,493
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 May 2025 | 249 |  | 21,295 |  | 482 |  | 10,519 |  | 32,545
Charge for the financial year | 83 |  | 13,252 |  | 218 |  | 4,430 |  | 17,983
At 30 April 2026 | 332 |  | 34,547 |  | 700 |  | 14,949 |  | 50,528
Net book value |  |  |  |  |  |  |  |  |
At 30 April 2026 | 82 |  | 32,212 |  | 754 |  | 11,917 |  | 44,965
At 30 April 2025 | 165 |  | 43,461 |  | 972 |  | 7,568 |  | 52,166

#### 5. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 556,855 |  | 455,362
Prepayments | 38,498 |  | 33,091
VAT recoverable | 43,872 |  | 188,669
Other debtors | 7,813 |  | 7,813
| 647,038 |  | 684,935

#### 6. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Trade creditors | 445,802 |  | 649,563
Amounts owed to directors | 211,714 |  | 181,661
Accruals | 4,670 |  | 9,710
Taxation and social security | 116,572 |  | 60,843
Other creditors | 7,585 |  | 3,716
| 786,343 |  | 905,493

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 0.01 each | 10 |  | 10

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 |  | 2025
| £ |  | £
within one year | 33,290 |  | 31,250
between one and five years | 49,935 |  | 78,125
Total future minimum lease payments under non-cancellable operating leases | 83,225 |  | 109,375