Twenty 885 Limited
Twenty 885 Limited
Financial Statements
For The Year Ended 31 July 2023
Twenty 885 Limited
Contents
Contents
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| Accountants' Report | 1 |
| Statement of Financial Position | 2—3 |
| Notes to the Financial Statements | 4—6 |
Twenty 885 Limited
Accountants' Report
For The Year Ended 31 July 2023
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of
Twenty 885 Limited
For The Year Ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Twenty 885 Limited
For The Year Ended 31 July 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of
Twenty 885 Limited
, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
Twenty 885 Limited
and state those matters that we have agreed to state to the director of
Twenty 885 Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Twenty 885 Limited
and its director, as a body, for our work or for this report.
It is your duty to ensure that
Twenty 885 Limited
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Twenty 885 Limited
. You consider that
Twenty 885 Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
Twenty 885 Limited
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Twenty 885 Limited
Statement of Financial Position
As At
31 July 2023
Statement of Financial Position
Registered number:
12758715
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 7 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 96,090 | 122,479 | |||
Twenty 885 Limited
Statement of Financial Position (continued)
As At
31 July 2023
On behalf of the board
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Director
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The notes on pages 4 to 6 form part of these financial statements.
Twenty 885 Limited
Notes to the Financial Statements
For The Year Ended 31 July 2023
Notes to the Financial Statements
1.
General Information
Twenty 885 Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
12758715
. The registered office is Fairways, Chester Road, Gayton, Wirral, CH60 3RZ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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| Fixtures & fittings |
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| Computer equipment |
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2.4.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
Twenty 885 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2023
4.
Tangible assets
| Motor vehicles | Fixtures & fittings | Computer equipment | Total | |
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| Cost | ||||
| As at 1 August 2022 |
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| Additions |
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| As at 31 July 2023 |
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| Depreciation | ||||
| As at 1 August 2022 |
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| Provided during the period |
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| As at 31 July 2023 |
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| Net Book Value | ||||
| As at 31 July 2023 |
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| As at 1 August 2022 |
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5.
Investments
| Unlisted | |
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| Cost | |
| As at 1 August 2022 |
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| Disposals |
( |
| As at 31 July 2023 |
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| Provision | |
| As at 1 August 2022 |
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| As at 31 July 2023 |
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| Net Book Value | |
| As at 31 July 2023 |
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| As at 1 August 2022 |
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Twenty 885 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2023
6.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| Net obligations under finance lease and hire purchase contracts |
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| Trade creditors | - |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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7.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
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| Net obligations under finance lease and hire purchase contracts |
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8.
Obligations Under Finance Leases and Hire Purchase
| 2023 | 2022 | ||
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| £ | £ | ||
| The future minimum finance lease payments are as follows: | |||
| Not later than one year |
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| Later than one year and not later than five years |
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10.
Dividends
| 2023 | 2022 | ||
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| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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