Company Overview
Twenty Light Spirits Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 09 October 2019. Twenty Light Spirits Ltd has been in business for 6 years and 5 months. The accounts status is unaudited abridged and the accounts are next due on Friday 31 July 2026.
Registered Address

48 West George Street, Suite 2/3, 2Nd Floor, Glasgow, G2 1BP
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Companies House Data
Company NameTWENTY LIGHT SPIRITS LTD
Company NumberSC644017
Registered Office Address48 West George Street
 Suite 2/3, 2nd Floor
 G2 1BP
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/10/2019
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date06/11/2020
Previous Company NameChanged Date
ALMOST SPIRIT CO LTD21 Aug 2020
Directors & Members
Grant Neave - Director
(British, 45 years old, born March 1981)
Appointed 09 October 2019
Active
Adam Papa - Director
(American, 52 years old, born February 1974)
Appointed 19 January 2022
Active
Secretaries
No Secretaries Appointed
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 3,986 3,986 0
Current Assets 3,173 3,173 13,052
Creditors Due Within One Year 989 989 1,737
Working Cap 2,184 2,184 11,315
Total Assets Less Current Liabilities 6,170 6,170 11,315
Long-term Liabilities 0 0 0
Net Assets 6,170 6,170 11,315
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 6,170 6,170 11,315
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 55.7% 55.7% 0.0%
Stocks Inventory - - -
Debtors 42.3% 42.3% 21.2%
Cash Bank In Hand 2.0% 2.0% 78.8%
Current Assets 44.3% 44.3% 100.0%
Creditors Due Within One Year 13.8% 13.8% 13.3%
Net Current Assets Liabilities 30.5% 30.5% 86.7%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 86.2% 86.2% 86.7%
Capital Employed - - -
Total Assets Less Current Liabilities 86.2% 86.2% 86.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 3.2 3.2 7.5
Solvency Ratio 7.2 7.2 7.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 7,159 7,159 13,052
Debt 989 989 1,737
Net Assets/Debt 6,170 6,170 11,315

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from 272 Bath Street Glasgow G2 4JR Scotland to 48 West George Street Suite 2/3, 2nd Floor Glasgow G2 1BP on 20 March 2026
Replacement filing of PSC01 for Mrs Sophie Papa
Replacement filing of SH01 - 18/05/21 Statement of Capital gbp 6000
Statement of capital following an allotment of shares on 25 July 2025
Statement of capital following an allotment of shares on 20 August 2024
Confirmation statement made on
Confirmation statement made on 8 October 2024 with no updates
Director's details changed for Mr Adam Gregory Papa on 24 July 2024
Change of details for Mr Henry Buchanan as a person with significant control on 24 July 2024
Change of details for Mrs Sophie Elinor Papa as a person with significant control on 24 July 2024
Registered office address changed from 39/15 Gardner's Crescent Edinburgh EH3 8DG Scotland to 272 Bath Street Glasgow G2 4JR on 1 July 2024
Confirmation statement made on 8 October 2023 with updates
Confirmation statement made on 8 October 2022 with updates
Withdrawal of a person with significant control statement on 21 June 2022
Withdrawal of a person with significant control statement on 21 June 2022
Appointment of Mr Adam Gregory Papa as a director on 19 January 2022
Confirmation statement made on 8 October 2021 with updates
Director's details changed for Mr Grant Carnegy Neave on 1 June 2021
Change of details for Mr Grant Carnegy Neave as a person with significant control on 1 June 2021

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