Twinlama Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09946102 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

12 JANUARY 2016 TO 31 JANUARY 2017

FOR

TWINLAMA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss L J Smith

Dr M A Burkitt

REGISTERED OFFICE:

26 Shining Bank

Sheffield

S13 9DJ

REGISTERED NUMBER:

09946102 (England and Wales)

ACCOUNTANTS:

Bucknell Whitehouse Limited

The Masters House

92a Arundel Street

Sheffield

S1 4RE

FIXED ASSETS

Tangible assets

4

5,710

CURRENT ASSETS

Stocks

4,882

Debtors

5

17,045

Cash at bank

7,319

29,246

CREDITORS

Amounts falling due within one year

6

11,282

NET CURRENT ASSETS

17,964

TOTAL ASSETS LESS CURRENT LIABILITIES

23,674

PROVISIONS FOR LIABILITIES

8

1,142

NET ASSETS

22,532

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

22,432

SHAREHOLDERS' FUNDS

22,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 October 2017 and were signed on its behalf by:

Miss L J Smith - Director

1.	STATUTORY INFORMATION

Twinlama Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

6,216

At 31 January 2017

6,216

DEPRECIATION

Charge for period

506

At 31 January 2017

506

NET BOOK VALUE

At 31 January 2017

5,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

11,965

Other debtors

5,080

17,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

14

Taxation and social security

9,816

Other creditors

1,452

11,282

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

£

Within one year

3,493

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

1,142

Deferred

tax

£

Charge to Income Statement during period

1,142

Balance at 31 January 2017

1,142

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100