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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

QUARTERLY REPORT UNDER SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the Three Months Ended March 31, 2004

Commission File No. 0-8488

TWENTY SERVICES, INC.

(Exact name of Registrant as specified in its Charter)

Registrant’s telephone number, including area code 205-884-7932

Former name, former address, and former fiscal year, if changed since last report.

Indicate by check market whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past ninety (90) days.    YES  x    NO  ¨

Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the period of this report.

WENTY SERVICES, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

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TWENTY SERVICES, INC.

STATEMENT OF OPERATIONS

(Unaudited)

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TWENTY SERVICES, INC.

CONDENSED STATEMENT OF CASH FLOWS

(Unaudited)

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MANAGEMENT’S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

LIQUIDITY AND CAPITAL RESOURCES

During the three months ended March 31, 2004, the Registrant’s liquidity remained stable. The Company has no notes payable nor long term debt and does not anticipate the need for borrowing in the near future. The Registrant has sufficient cash and temporary cash investments to meet its short term liquidity needs. Should long term liquidity needs exceed cash and temporary cash investments, then the Registrant would dispose of marketable securities as it deems appropriate. Current trends and known demands and commitments do not create a need for liquidity in excess of the Company’s current liabilities to generate liquidity.

The Company anticipates that its operating activities and its investing activities will generate net cash flows and that its financing activities will continue to use cash flows.

RESULTS OF OPERATIONS

The Registrant reported a net income of $12,205 for the three months ended March 31, 2004 as compared to the net income of $13,088 for the corresponding 2003 period.

REVENUES

Revenues for the three months ended March 31, 2004 of $38,872 was comparable to $46,393 for the corresponding 2003 period. The decrease was due primarily to a decrease in interest income.

EXPENSES

General and administrative expenses decreased from $33,305 in 2003 to $26,667 for the corresponding 2004 period.

The above financial statements include all the adjustments which, in the opinion of Management, are necessary for a fair presentation of such financial information in conformity with generally accepted accounting principles. All adjustments are of a normal recurring nature.

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PART II

OTHER INFORMATION

Item 5. Other Information:

On February 27,2004, the Board of Directors of the Registrant declared a cash dividend of SEVEN CENTS ($0.07) per share, payable March 31, 2004 to holders of record at February 27, 2004 of the Series A-1980, Series A-1981, Series A-1982 and Series A-1985 Preferred Stock, which dividend relates to the year ended December 31, 2003. On March 31, 2004, the dividend so declared was paid in the amount of approximately $32,500.

Item 6. EXHIBITS and Reports on Form 8-K

EXHIBITS

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TWENTY SERVICES, INC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned there unto duly authorized.

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