24TWELVE LIMITED

24TWELVE LIMITED

24TWELVE LIMITED - Company Information

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1 November 2020 false No description of principal activity Taxfiler 2022.4.1 12260511business:PrivateLimitedCompanyLtd2020-11-012021-10-31 122605112020-10-31 122605112020-11-012021-10-31 12260511business:AuditExemptWithAccountantsReport2020-11-012021-10-31 12260511business:FullAccounts2020-11-012021-10-31 122605112021-10-31 12260511business:Director12020-11-012021-10-31 12260511business:RegisteredOffice2020-11-012021-10-31 122605112020-10-31 12260511core:WithinOneYear2021-10-31 12260511core:WithinOneYear2020-10-31 12260511core:AfterOneYear2021-10-31 12260511core:AfterOneYear2020-10-31 12260511core:ShareCapital2021-10-31 12260511core:ShareCapital2020-10-31 12260511core:RetainedEarningsAccumulatedLosses2021-10-31 12260511core:RetainedEarningsAccumulatedLosses2020-10-31 12260511business:SmallEntities2020-11-012021-10-31 12260511countries:EnglandWales2020-11-012021-10-31 12260511core:PlantMachinery2020-11-012021-10-31 12260511core:FurnitureFittings2020-11-012021-10-31 12260511core:LandBuildings2020-10-31 12260511core:FurnitureFittings2020-10-31 12260511core:ComputerEquipment2020-10-31 12260511core:LandBuildings2020-11-012021-10-31 12260511core:ComputerEquipment2020-11-012021-10-31 12260511core:LandBuildings2021-10-31 12260511core:FurnitureFittings2021-10-31 12260511core:ComputerEquipment2021-10-31 122605112019-10-142020-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12260511 (England and Wales)
24TWELVE LIMITED Unaudited accounts for the year ended 31 October 2021
24TWELVE LIMITED Unaudited accounts Contents
Page
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24TWELVE LIMITED Company Information for the year ended 31 October 2021
Director
Gareth Hill
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
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24TWELVE LIMITED Statement of financial position as at 31 October 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
31,392 
1,523 
Current assets
Debtors
5
71,213 
24,768 
Cash at bank and in hand
46,605 
17,839 
117,818 
42,607 
Creditors: amounts falling due within one year
6
(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
7
(10,400)
(13,000)
Provisions for liabilities
Deferred tax
(6,345)
(289)
Net assets
67,247 
15,409 
Capital and reserves
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
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24TWELVE LIMITED Notes to the Accounts for the year ended 31 October 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 October 2021
24,825 
2,453 
4,114 
31,392 
At 31 October 2020
- 
1,523 
- 
1,523 
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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 
Other debtors
29,660 
- 
71,213 
24,768 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
2,600 
- 
VAT
7,790 
4,880 
Trade creditors
29,020 
- 
Taxes and social security
22,336 
7,003 
Other creditors
- 
1,554 
Loans from directors
3,472 
1,995 
65,218 
15,432 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
10,400 
13,000 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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