Company Registration No. 04903013 (England and Wales)
TWISTER SOLUTIONS LIMITED
Unaudited accounts
for the year ended 30 September 2018
TWISTER SOLUTIONS LIMITED
Unaudited accounts
Contents
TWISTER SOLUTIONS LIMITED
Company Information
for the year ended 30 September 2018
Directors
Aaron Preston
Fraser Massey
Company Number
04903013 (England and Wales)
Registered Office
FIRST FLOOR AUDIT HOUSE
151 HIGH STREET
BILLERICAY
ESSEX
CM12 9AB
Accountants
First Call Accounting Ltd
1st Floor Audit House
151 High Street
Billericay
Essex
CM12 9AB
TWISTER SOLUTIONS LIMITED
Statement of financial position
as at 30 September 2018
Cash at bank and in hand
25,567
4,157
Creditors: amounts falling due within one year
(60,856)
(38,410)
Net current assets
18,387
13,345
Total assets less current liabilities
23,726
13,735
Creditors: amounts falling due after more than one year
(17,527)
(12,660)
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
4,185
1
Shareholders' funds
5,185
1,001
For the year ending 30 September 2018 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 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 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.
Approved by the Board on 6 March 2019.
Aaron Preston
Director
Company Registration No. 04903013
TWISTER SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2018
TWISTER SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04903013. The registered office is FIRST FLOOR AUDIT HOUSE, 151 HIGH STREET, BILLERICAY, ESSEX, CM12 9AB.
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.
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:
Plant & machinery
20% Straight Line
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
TWISTER SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2018
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
At 30 September 2018
9,609
At 30 September 2018
4,270
At 30 September 2018
5,339
Trade debtors
48,406
32,468
Accrued income and prepayments
1,654
488
Other debtors
3,616
14,642
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
8,434
4,652
Trade creditors
14,485
5,886
Taxes and social security
37,920
25,572
7
Creditors: amounts falling due after more than one year
2018
2017
There is a balance owed by the directors at the year end of £3,616 in respect of a short-term loan, which was repaid shortly after the year end. There were no fixed repayment terms and no interest charged on this loan. This is shown in the other debtors account.
TWISTER SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 September 2018
9
Average number of employees
During the year the average number of employees was 8 (2017: 8).
