TwistedPair Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05069606 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

TWISTEDPAIR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A M Glyde

T F Woodfine

SECRETARY:

T F Woodfine

REGISTERED OFFICE:

21a London Road

Widley

Hampshire

PO7 5AS

REGISTERED NUMBER:

05069606 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

2

20,926

22,918

CURRENT ASSETS

Debtors

817,815

741,872

Cash at bank and in hand

63,655

40,261

881,470

782,133

CREDITORS

Amounts falling due within one year

812,291

633,214

NET CURRENT ASSETS

69,179

148,919

TOTAL ASSETS LESS CURRENT
LIABILITIES

90,105

171,837

PROVISIONS FOR LIABILITIES

4,185

4,583

NET ASSETS

85,920

167,254

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

85,820

167,154

SHAREHOLDERS' FUNDS

85,920

167,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 October 2016 and were signed on its behalf by:

A M Glyde - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

69,992

Additions

4,396

At 31 January 2016

74,388

DEPRECIATION

At 1 February 2015

47,074

Charge for year

6,388

At 31 January 2016

53,462

NET BOOK VALUE

At 31 January 2016

20,926

At 31 January 2015

22,918

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

75

'A' ordinary

£1

75

25

'B' ordinary

£1

25

100