TWOPLUSTWO COMMERCIAL SERVICES LIMITED


Directors	Mr L R Childe
	Mr R W Mullane


Registered Address	The Greenhouse Meadowfield Industrial Estate
	Ponteland
	Newcastle Upon Tyne
	NE20 9SD


Registered Number	06318842 (England and Wales)

Statement of Financial Position
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		33,803		42,256
			33,803		42,256
Current assets
Debtors	4	1,211,310		1,051,032
Cash at bank and on hand		486,681		249,339
		1,697,991		1,300,371
Creditors amounts falling due within one year	5	(1,104,860)		(880,753)
Net current assets (liabilities)			593,131		419,618
Total assets less current liabilities			626,934		461,874
Creditors amounts falling due after one year	6		(28,084)		(95,838)
Provisions for liabilities	7		(8,451)		(10,563)
Net assets			590,399		355,473
Capital and reserves
Called up share capital			225		232
Other reserves			29		22
Profit and loss account			590,145		355,219
Shareholders' funds			590,399		355,473

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 June 2026, and are signed on its behalf by:

Mr R W Mullane
Director
Registered Company No. 06318842

TWOPLUSTWO COMMERCIAL SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Turnover policy

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 the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Finance lease and HP contracts are secured by the asset to which they relate.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	50		41

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 24	58,163	9,182	67,345
At 31 October 25	58,163	9,182	67,345
Depreciation and impairment
At 01 November 24	18,611	6,478	25,089
Charge for year	7,910	543	8,453
At 31 October 25	26,521	7,021	33,542
Net book value
At 31 October 25	31,642	2,161	33,803
At 31 October 24	39,552	2,704	42,256

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	1,128,375	908,117
Amounts owed by group undertakings	4,691	4,691
Other debtors	10,117	29,535
Prepayments and accrued income	68,127	108,689
Total	1,211,310	1,051,032

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	220,205	271,210
Bank borrowings and overdrafts	60,000	90,000
Taxation and social security	627,075	423,727
Finance lease and HP contracts	7,755	7,755
Other creditors	34,067	9,676
Accrued liabilities and deferred income	155,758	78,385
Total	1,104,860	880,753

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	60,000
Other creditors	28,084	35,838
Total	28,084	95,838


	Other creditors includes Finance lease and Hire Purchase contracts amounting to £28,084 (2024 - £35,838) which are secured on the assets concerned.

7.	Provisions for liabilities
	The provision for deferred tax arises from the fair value adjustment on tangible assets.

	2025	2024
	£	£
Net deferred tax liability (asset)	8,451	10,563
Total	8,451	10,563

8.	Other commitments
	At 31 October 2025 the Company had future minimum lease payments due under non-cancellable operating leases amounting to £410,894 (2024 - £500,256).

9.	Directors advances, credits and guarantees
	On 1 November 2024 a Director owed the Company £21,094. During the period this director was advanced a further £100,649.95 and repaid £121,744. As at 31 October 2025 this Director owed the Company £nil. No interest was charged on this loan.

10.	Related party transactions
	At the balance sheet date, the company was owed £4,691 by the parent company WMB (Holdings) Limited (2024 - £4,691). No interest has been charged on the loans, which are unsecured and repayable on demand.

11.	Parent-subsidiary relationships
	The ultimate parent undertaking and controlling party was WMB (Holdings) Limited, a company incorporated in England and Wales.