Twenty Twenty Agency Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06354580 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

TWENTY TWENTY AGENCY LIMITED

Page

Company Information

1

Chartered Certified Accountant's Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

F Spencer

SECRETARY:

Ms T Bonakdar

REGISTERED OFFICE:

28 Alexandra Grove

London

N4 2LF

REGISTERED NUMBER:

06354580 (England and Wales)

ACCOUNTANT:

Lescott Courts Limited

Chartered Certified Accountants

49 High Street

Burnham on Crouch

Essex

CM0 8AG

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements

of Twenty Twenty Agency Limited for the year ended 31 August 2016 which comprise the Profit and Loss Account, the Balance

Sheet, and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Twenty Twenty Agency Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Twenty Twenty Agency Limited and state those matters that I have agreed to state to the director of Twenty Twenty Agency Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Twenty Twenty Agency Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Twenty Twenty Agency Limited. You consider that Twenty Twenty Agency Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Twenty Twenty Agency Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Lescott Courts Limited

Chartered Certified Accountants

49 High Street

Burnham on Crouch

Essex

CM0 8AG

31 May 2017

FIXED ASSETS

Tangible assets

2

2,186

2,042

CURRENT ASSETS

Debtors

3

181,086

472,714

Cash at bank

49,091

93,421

230,177

566,135

CREDITORS

Amounts falling due within one year

101,608

346,983

NET CURRENT ASSETS

128,569

219,152

TOTAL ASSETS LESS CURRENT
LIABILITIES

130,755

221,194

PROVISIONS FOR LIABILITIES

437

408

NET ASSETS

130,318

220,786

CAPITAL AND RESERVES

Called up share capital

4

100

1

Profit and loss account

130,218

220,785

SHAREHOLDERS' FUNDS

130,318

220,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 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 director on 31 May 2017 and were signed by:

F Spencer - 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.

Turnover is recognised from the date a photo shoot has taken place and includes all associated reimbursed expenditure in

producing the photo shoot.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

5,148

Additions

1,208

At 31 August 2016

6,356

DEPRECIATION

At 1 September 2015

3,106

Charge for year

1,064

At 31 August 2016

4,170

NET BOOK VALUE

At 31 August 2016

2,186

At 31 August 2015

2,042

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2015 - £ 23,863 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

1

99 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.