TWO CENTS LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07523582 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2023

for

TWO CENTS LIMITED

Page

Balance Sheet

1

FIXED ASSETS

2,472

3,296

CURRENT ASSETS

1,571,877

1,155,663

PREPAYMENTS AND ACCRUED INCOME

40,716

29,700

CREDITORS

Amounts falling due within one year

(184,471

)

(146,132

)

NET CURRENT ASSETS

1,428,122

1,039,231

TOTAL ASSETS LESS CURRENT LIABILITIES

1,430,594

1,042,527

CAPITAL AND RESERVES

1,430,594

1,042,527

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

TWO CENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07523582

Registered office:

Nursery Cottage Burhill Park

Hersham

Walton-On-Thames

Surrey

KT12 4BE

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2022 - 2 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23

28.2.22

£

£

Mr Richard John Davis

Balance outstanding at start of year

464,852

333,840

Amounts advanced

279,835

276,962

Amounts repaid

(131,564

)

(145,950

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

613,123

464,852

This loan is unsecured and repayable on demand. Interest, at the rate of 2% per annum, has been charged on shareholders' overdrawn amount.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 18 August 2023 and were signed by:

Mr Richard John Davis - Director