TWOPLUSTWO COMMERCIAL SERVICES LIMITED

TWOPLUSTWO COMMERCIAL SERVICES LIMITED - Company Information

2022-11-012023-10-312023-10-31false06318842TWOPLUSTWO COMMERCIAL SERVICES LIMITED2024-06-1982990iso4217:GBPxbrli:pure063188422022-11-01063188422023-10-31063188422022-11-012023-10-31063188422021-11-01063188422022-10-31063188422021-11-012022-10-3106318842bus:SmallEntities2022-11-012023-10-3106318842bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3106318842bus:FullAccounts2022-11-012023-10-3106318842bus:PrivateLimitedCompanyLtd2022-11-012023-10-3106318842core:WithinOneYear2023-10-3106318842core:AfterOneYear2023-10-3106318842core:WithinOneYear2022-10-3106318842core:AfterOneYear2022-10-3106318842core:ShareCapital2023-10-3106318842core:SharePremium2023-10-3106318842core:RevaluationReserve2023-10-3106318842core:OtherReservesSubtotal2023-10-3106318842core:RetainedEarningsAccumulatedLosses2023-10-3106318842core:ShareCapital2022-10-3106318842core:SharePremium2022-10-3106318842core:RevaluationReserve2022-10-3106318842core:OtherReservesSubtotal2022-10-3106318842core:RetainedEarningsAccumulatedLosses2022-10-3106318842core:LandBuildings2023-10-3106318842core:PlantMachinery2023-10-3106318842core:Vehicles2023-10-3106318842core:FurnitureFittings2023-10-3106318842core:OfficeEquipment2023-10-3106318842core:NetGoodwill2023-10-3106318842core:IntangibleAssetsOtherThanGoodwill2023-10-3106318842core:ListedExchangeTraded2023-10-3106318842core:UnlistedNon-exchangeTraded2023-10-3106318842core:LandBuildings2022-10-3106318842core:PlantMachinery2022-10-3106318842core:Vehicles2022-10-3106318842core:FurnitureFittings2022-10-3106318842core:OfficeEquipment2022-10-3106318842core:NetGoodwill2022-10-3106318842core:IntangibleAssetsOtherThanGoodwill2022-10-3106318842core:ListedExchangeTraded2022-10-3106318842core:UnlistedNon-exchangeTraded2022-10-3106318842core:LandBuildings2022-11-012023-10-3106318842core:PlantMachinery2022-11-012023-10-3106318842core:Vehicles2022-11-012023-10-3106318842core:FurnitureFittings2022-11-012023-10-3106318842core:OfficeEquipment2022-11-012023-10-3106318842core:NetGoodwill2022-11-012023-10-3106318842core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106318842core:ListedExchangeTraded2022-11-012023-10-3106318842core:UnlistedNon-exchangeTraded2022-11-012023-10-3106318842core:MoreThanFiveYears2022-11-012023-10-3106318842core:Non-currentFinancialInstruments2023-10-3106318842core:Non-currentFinancialInstruments2022-10-3106318842dpl:CostSales2022-11-012023-10-3106318842dpl:DistributionCosts2022-11-012023-10-3106318842core:LandBuildings2022-11-012023-10-3106318842core:PlantMachinery2022-11-012023-10-3106318842core:Vehicles2022-11-012023-10-3106318842core:FurnitureFittings2022-11-012023-10-3106318842core:OfficeEquipment2022-11-012023-10-3106318842dpl:AdministrativeExpenses2022-11-012023-10-3106318842core:NetGoodwill2022-11-012023-10-3106318842core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3106318842dpl:GroupUndertakings2022-11-012023-10-3106318842dpl:ParticipatingInterests2022-11-012023-10-3106318842dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3106318842core:ListedExchangeTraded2022-11-012023-10-3106318842dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3106318842core:UnlistedNon-exchangeTraded2022-11-012023-10-3106318842dpl:CostSales2021-11-012022-10-3106318842dpl:DistributionCosts2021-11-012022-10-3106318842core:LandBuildings2021-11-012022-10-3106318842core:PlantMachinery2021-11-012022-10-3106318842core:Vehicles2021-11-012022-10-3106318842core:FurnitureFittings2021-11-012022-10-3106318842core:OfficeEquipment2021-11-012022-10-3106318842dpl:AdministrativeExpenses2021-11-012022-10-3106318842core:NetGoodwill2021-11-012022-10-3106318842core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3106318842dpl:GroupUndertakings2021-11-012022-10-3106318842dpl:ParticipatingInterests2021-11-012022-10-3106318842dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3106318842core:ListedExchangeTraded2021-11-012022-10-3106318842dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3106318842core:UnlistedNon-exchangeTraded2021-11-012022-10-3106318842core:NetGoodwill2023-10-3106318842core:IntangibleAssetsOtherThanGoodwill2023-10-3106318842core:LandBuildings2023-10-3106318842core:PlantMachinery2023-10-3106318842core:Vehicles2023-10-3106318842core:FurnitureFittings2023-10-3106318842core:OfficeEquipment2023-10-3106318842core:AfterOneYear2023-10-3106318842core:WithinOneYear2023-10-3106318842core:ListedExchangeTraded2023-10-3106318842core:UnlistedNon-exchangeTraded2023-10-3106318842core:ShareCapital2023-10-3106318842core:SharePremium2023-10-3106318842core:RevaluationReserve2023-10-3106318842core:OtherReservesSubtotal2023-10-3106318842core:RetainedEarningsAccumulatedLosses2023-10-3106318842core:NetGoodwill2022-10-3106318842core:IntangibleAssetsOtherThanGoodwill2022-10-3106318842core:LandBuildings2022-10-3106318842core:PlantMachinery2022-10-3106318842core:Vehicles2022-10-3106318842core:FurnitureFittings2022-10-3106318842core:OfficeEquipment2022-10-3106318842core:AfterOneYear2022-10-3106318842core:WithinOneYear2022-10-3106318842core:Liste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Registered Number
06318842
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

TWOPLUSTWO COMMERCIAL SERVICES LIMITED

Company Information
for the year from 1 November 2022 to 31 October 2023


Directors	Samantha Jane Langlands
	Ross William Mullane
	Stewart Arthur Murrell
	Joseph Matthew Woods


Registered Address	Suite 5, Corbridge Business Centre
	Tinklers Bank
	Corbridge
	NE45 5SB


Registered Number	06318842 (England and Wales)

TWOPLUSTWO COMMERCIAL SERVICES LIMITED

Statement of Financial Position
31 October 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		52,822		4,231
			52,822		4,231
Current assets
Debtors	4	959,918		874,168
Cash at bank and on hand		184,747		43,960
		1,144,665		918,128
Creditors amounts falling due within one year	5	(665,913)		(528,347)
Net current assets (liabilities)			478,752		389,781
Total assets less current liabilities			531,574		394,012
Creditors amounts falling due after one year	6		(193,593)		(240,000)
Provisions for liabilities	7		(13,205)		(1,322)
Net assets			324,776		152,690
Capital and reserves
Called up share capital			254		254
Profit and loss account			324,522		152,436
Shareholders' funds			324,776		152,690

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2024, and are signed on its behalf by:

Samantha Jane Langlands
Director
Registered Company No. 06318842

TWOPLUSTWO COMMERCIAL SERVICES LIMITED

Notes to the Financial Statements
for the year ended 31 October 2023

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2023		2022
	Average number of employees during the year	37		31

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 November 22	-	9,182	9,182
Additions	58,163	-	58,163
At 31 October 23	58,163	9,182	67,345
Depreciation and impairment
At 01 November 22	-	4,951	4,951
Charge for year	8,724	848	9,572
At 31 October 23	8,724	5,799	14,523
Net book value
At 31 October 23	49,439	3,383	52,822
At 31 October 22	-	4,231	4,231

4.	Debtors: amounts due within one year

	2023	2022
	£	£
Trade debtors / trade receivables	887,309	696,957
Amounts owed by group undertakings	14,491	70,593
Other debtors	5,324	5,003
Prepayments and accrued income	52,794	101,615
Total	959,918	874,168


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

5.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	132,460	57,113
Bank borrowings and overdrafts	90,000	90,000
Taxation and social security	415,707	371,537
Finance lease and HP contracts	7,755	-
Other creditors	1,709	2,929
Accrued liabilities and deferred income	18,282	6,768
Total	665,913	528,347


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Finance lease and HP contracts are secured by the asset to which they relate.

6.	Creditors: amounts due after one year

	2023	2022
	£	£
Bank borrowings and overdrafts	150,000	240,000
Other creditors	43,593	-
Total	193,593	240,000


	Other creditors includes Finance lease and Hire Purchase contracts amounting to £43,593 (2022 - £nil) which are secured on the assets concerned.

7.	Provisions for liabilities
	The provision for deferred tax arises from the fair value adjustment on tangible assets.

	2023	2022
	£	£
Net deferred tax liability (asset)	13,205	1,322
Total	13,205	1,322

8.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £105,221 (2022 - £64,622).

9.	Other commitments
	At 31 October 2023 the Company had future minimum lease payments due under non-cancellable operating leases amounting to £335,271 (2022 - £30,460).

10.	Related party transactions
	At the balance sheet date, the company was owed £14,491 by the parent company WMB (Holdings) Limited (2022 - £9,546). No interest has been charged on the loans, which are unsecured and repayable on demand.

11.	Parent-subsidiary relationships
	The ultimate parent undertaking and controlling party was WMB (Holdings) Limited, a company incorporated in England and Wales.