Abbreviated Company Accounts - TWELVE DESIGN LTD

07464186 TWELVE DESIGN LTD 2014-12-31 false 2014-01-01 2014-12-31 true 07464186 2014-01-01 2014-12-31 07464186 2014-12-31 07464186 2013-12-31 07464186 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07464186 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 07464186

TWELVE DESIGN LTD

Abbreviated Accounts

31 December 2014

TWELVE DESIGN LTD Registered Number 07464186

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	12,589	13,874
		12,589	13,874
Current assets
Cash at bank and in hand		28,277	3,816
		28,277	3,816
Creditors: amounts falling due within one year		(28,288)	(10,763)
Net current assets (liabilities)		(11)	(6,947)
Total assets less current liabilities		12,578	6,927
Total net assets (liabilities)		12,578	6,927
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		12,478	6,827
Shareholders' funds		12,578	6,927

For the year ending 31 December 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Shi Yuan, Director

TWELVE DESIGN LTD Registered Number 07464186

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 10% per annum on cost

2Tangible fixed assets

	£
Cost
At 1 January 2014	16,444
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	16,444
Depreciation
At 1 January 2014	2,570
Charge for the year	1,285
On disposals	-
At 31 December 2014	3,855
Net book values
At 31 December 2014	12,589
At 31 December 2013	13,874

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100