20 Sixteen Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07134387 (England and Wales)

Financial Statements

for the Year Ended 31 December 2022

for

20 SIXTEEN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A Steinberg

Mrs A Steinberg

SECRETARY:

Mrs A Steinberg

REGISTERED OFFICE:

Third Floor

207 Regent Street

London

W1B 3HH

REGISTERED NUMBER:

07134387 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

418

882

CURRENT ASSETS

Debtors

5

47,432

31,386

Cash at bank

27,563

84,860

74,995

116,246

CREDITORS

Amounts falling due within one year

6

29,819

43,326

NET CURRENT ASSETS

45,176

72,920

TOTAL ASSETS LESS CURRENT LIABILITIES

45,594

73,802

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

45,494

73,702

SHAREHOLDERS' FUNDS

45,594

73,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2023 and were signed on its behalf by:

Mr J A Steinberg - Director

1.	STATUTORY INFORMATION

20 Sixteen 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 value added tax.

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

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2022

and 31 December 2022

8,558

3,019

11,577

DEPRECIATION

At 1 January 2022

8,558

2,137

10,695

Charge for year

-

464

464

At 31 December 2022

8,558

2,601

11,159

NET BOOK VALUE

At 31 December 2022

-

418

418

At 31 December 2021

-

882

882

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

47,432

31,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Tax

12,101

28,423

VAT

16,682

12,699

Directors' current accounts

1,036

867

Accruals and deferred income

-

1,337

29,819

43,326

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

45

Ordinary A

£1

45

45

45

Ordinary B

£1

45

45

5

Ordinary C

£1

5

5

5

Ordinary D

£1

5

5

100

100

8.	RELATED PARTY DISCLOSURES

At the balance sheet date included within creditors due within one year is £1,036 (2021: £867) due and payable to the director .The directors loan account is interest free and repayable upon demand.