Twin Arch Consulting Ltd - Accounts to registrar (filleted) - small 22.3

Twin Arch Consulting Ltd - Accounts to registrar (filleted) - small 22.3

TWIN ARCH CONSULTING LTD - Company Information

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REGISTERED NUMBER: 11772191 (England and Wales)











Financial Statements

for the Year Ended 31 January 2022

for

Twin Arch Consulting Ltd
Twin Arch Consulting Ltd (Registered number: 11772191)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Twin Arch Consulting Ltd

Company Information
for the Year Ended 31 January 2022







DIRECTORS: N Quigley
Ms M McGoldrick





SECRETARY:





REGISTERED OFFICE: 135 Whipps Cross Road
London
E11 1NP





REGISTERED NUMBER: 11772191 (England and Wales)





ACCOUNTANTS: N R Bennett Ltd
The Wain House
Stretfordbury
Leominster
Hertfordshire
HR6 0LP
Page 1
Twin Arch Consulting Ltd (Registered number: 11772191)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,923 2,458

CURRENT ASSETS
Stocks 22,000 22,000
Debtors 5 21,450 16,500
Cash at bank 587,955 354,987
631,405 393,487
CREDITORS
Amounts falling due within one year 6 127,145 90,384
NET CURRENT ASSETS 504,260 303,103
TOTAL ASSETS LESS CURRENT
LIABILITIES
513,183
305,561

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 513,083 305,461
513,183 305,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 31 October 2022 and were signed on its behalf by:





N Quigley - Director


The notes form part of these financial statements

Page 2
Twin Arch Consulting Ltd (Registered number: 11772191)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Twin Arch Consulting Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% on cost, 20% on reducing balance and 15% on reducing balance

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 and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 3 continued...
Twin Arch Consulting Ltd (Registered number: 11772191)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2021 3,687
Additions 9,880
At 31 January 2022 13,567
DEPRECIATION
At 1 February 2021 1,229
Charge for year 3,415
At 31 January 2022 4,644
NET BOOK VALUE
At 31 January 2022 8,923
At 31 January 2021 2,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 21,450 16,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Taxation and social security 58,203 39,626
Other creditors 68,942 50,758
127,145 90,384

Page 4