Twilight Years Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05409029 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TWILIGHT YEARS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M E J Geldart

REGISTERED OFFICE:

114 Rawlinson Street

Barrow in Furness

Cumbria

LA14 2DG

REGISTERED NUMBER:

05409029 (England and Wales)

BANKERS:

Barclays Bank plc

Leicestershire

LE87 2BB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,869

29

1,869

29

CURRENT ASSETS

Debtors

934,644

682,830

Cash at bank

243,472

86,704

1,178,116

769,534

CREDITORS

Amounts falling due within one year

429,528

284,539

NET CURRENT ASSETS

748,588

484,995

TOTAL ASSETS LESS CURRENT
LIABILITIES

750,457

485,024

CREDITORS

Amounts falling due after more than one
year

51,078

95,419

NET ASSETS

699,379

389,605

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

699,279

389,505

SHAREHOLDERS' FUNDS

699,379

389,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2026 and were signed by:

Mrs M E J Geldart - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been fully amortised in prior periods.

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employer financed retirement benefit scheme

The company has established an employer financed retirement benefit scheme for the benefit of its officers,

employees and their wider families: The Twilight Years Limited Employer Financed Retirement Benefit Scheme ("The Scheme").

In accordance with UITF abstract 32 "Employee Benefit Trusts and Other Intermediate Payment Arrangements" the company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or other access to those present economic benefits.

The Scheme is currently in the process of being settled with HM Revenue and Customs.

Employee benefit trust

The company has established an Employee Benefit Trust, a discretionary trust created to provide benefits to

employees of the company: The Twilight Years Limited 2016 Employee Benefit Trust ("The Scheme").

In accordance with UITF abstract 32 "Employee Benefit Trusts and Other Intermediate Payment Arrangements" the company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or other access to those present economic benefits.

The Scheme is currently in the process of being settled with HM Revenue and Customs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2025 - 72 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

and 31 March 2026

100,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

31,336

Additions

2,300

At 31 March 2026

33,636

DEPRECIATION

At 1 April 2025

31,307

Charge for year

460

At 31 March 2026

31,767

NET BOOK VALUE

At 31 March 2026

1,869

At 31 March 2025

29

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

90,882

133,255

Barclays Bank plc hold a Debenture and Legal Charge secured over all assets of the company. At the end of this financial year the company had outstanding obligations of £90,882 to Barclays Bank Plc. (Prior year £133,255).

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary

£1

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

Mrs M E J Geldart

Balance outstanding at start of year

69,373

44,961

Amounts advanced

39,505

69,373

Amounts repaid

(69,373

)

(44,961

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

39,505

69,373

During the financial year the director was charged £26,851 interest on the loan which is unsecured and repayable on demand.(2025 : £11,841)

9.	RELATED PARTY DISCLOSURES

Twilight Years Limited occupy premises owned by Mrs M E J Geldart and paid rent of £3,600 in the year.

(Prior year £3,600).

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M E J Geldart.