Third Sense Limited - Accounts to registrar (filleted) - small 18.2

Third Sense Limited - Accounts to registrar (filleted) - small 18.2

THIRD SENSE LIMITED - Company Information

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REGISTERED NUMBER: 04644455 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2020

for

Third Sense Limited
Third Sense Limited (Registered number: 04644455)






Contents of the Financial Statements
for the Year Ended 31 January 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Third Sense Limited

Company Information
for the Year Ended 31 January 2020







DIRECTORS: Mrs. L Collinge
P Collinge





REGISTERED OFFICE: 9 Denmans Close
Lindfield
West Sussex
RH16 2JX





REGISTERED NUMBER: 04644455 (England and Wales)





ACCOUNTANTS: Pursglove & Brown
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS
Page 1
Third Sense Limited (Registered number: 04644455)

Balance Sheet
31 January 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25,271 24,802

CURRENT ASSETS
Stocks 2,224 -
Debtors 5 2,558 -
Cash at bank 251,806 240,440
256,588 240,440
CREDITORS
Amounts falling due within one year 6 5,913 8,304
NET CURRENT ASSETS 250,675 232,136
TOTAL ASSETS LESS CURRENT
LIABILITIES
275,946
256,938

PROVISIONS FOR LIABILITIES 1,710 1,710
NET ASSETS 274,236 255,228

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 274,136 255,128
SHAREHOLDERS' FUNDS 274,236 255,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2020 and were signed on its behalf by:





P Collinge - Director


The notes form part of these financial statements

Page 2
Third Sense Limited (Registered number: 04644455)

Notes to the Financial Statements
for the Year Ended 31 January 2020

1. STATUTORY INFORMATION

Third Sense 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 3 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2019 24,802
Additions 469
At 31 January 2020 25,271
NET BOOK VALUE
At 31 January 2020 25,271
At 31 January 2019 24,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade debtors 2,558 -

Page 3 continued...
Third Sense Limited (Registered number: 04644455)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Taxation and social security 5,084 8,184
Other creditors 829 120
5,913 8,304

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.20 31.1.19
value: £    £   
100 Ordinary £1 100 100

Page 4