Company Registration No. 12260511 (England and Wales)
24TWELVE LIMITED
Unaudited accounts
for the year ended 31 October 2021
24TWELVE LIMITED
Unaudited accounts
Contents
24TWELVE LIMITED
Company Information
for the year ended 31 October 2021
Company Number
12260511 (England and Wales)
Registered Office
30 WESTERLANDS
STAPLEFORD
NOTTINGHAM
NG9 7JG
ENGLAND
Accountants
Cramar Ltd
40 Brookhill Street
Stapleford
Nottingham
NG9 7BS
24TWELVE LIMITED
Statement of financial position
as at
31 October 2021
Tangible assets
31,392
1,523
Cash at bank and in hand
46,605
17,839
Creditors: amounts falling due within one year
(65,218)
(15,432)
Net current assets
52,600
27,175
Total assets less current liabilities
83,992
28,698
Creditors: amounts falling due after more than one year
(10,400)
(13,000)
Provisions for liabilities
Deferred tax
(6,345)
(289)
Called up share capital
1
1
Profit and loss account
67,246
15,408
Shareholders' funds
67,247
15,409
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2021 and were signed on its behalf by
Gareth Hill
Director
Company Registration No. 12260511
24TWELVE LIMITED
Notes to the Accounts
for the year ended 31 October 2021
24TWELVE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12260511. The registered office is 30 WESTERLANDS, STAPLEFORD, NOTTINGHAM, NG9 7JG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 14 October 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
-
1,904
-
1,904
Additions
27,583
1,543
5,143
34,269
At 31 October 2021
27,583
3,447
5,143
36,173
At 1 November 2020
-
381
-
381
Charge for the year
2,758
613
1,029
4,400
At 31 October 2021
2,758
994
1,029
4,781
At 31 October 2021
24,825
2,453
4,114
31,392
At 31 October 2020
-
1,523
-
1,523
24TWELVE LIMITED
Notes to the Accounts
for the year ended 31 October 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
41,553
24,768
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
2,600
-
Taxes and social security
22,336
7,003
Loans from directors
3,472
1,995
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).