Company Registration No. 12260511 (England and Wales)
24TWELVE LIMITED
Unaudited accounts
for the year ended 31 October 2022
24TWELVE LIMITED
Unaudited accounts
Contents
24TWELVE LIMITED
Company Information
for the year ended 31 October 2022
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 2022
Tangible assets
34,062
31,392
Cash at bank and in hand
61,866
46,605
Creditors: amounts falling due within one year
(34,600)
(65,218)
Net current assets
70,336
52,600
Total assets less current liabilities
104,398
83,992
Creditors: amounts falling due after more than one year
(7,800)
(10,400)
Provisions for liabilities
Deferred tax
(5,116)
(6,345)
Called up share capital
1
1
Profit and loss account
91,481
67,246
Shareholders' funds
91,482
67,247
For the year ending 31 October 2022 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 23 January 2023 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 2022
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
10% straight Line
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 2021
27,583
3,447
5,143
36,173
At 31 October 2022
27,583
3,447
13,569
44,599
At 1 November 2021
2,758
994
1,029
4,781
Charge for the year
2,758
490
2,508
5,756
At 31 October 2022
5,516
1,484
3,537
10,537
At 31 October 2022
22,067
1,963
10,032
34,062
At 31 October 2021
24,825
2,453
4,114
31,392
24TWELVE LIMITED
Notes to the Accounts
for the year ended 31 October 2022
Amounts falling due within one year
Trade debtors
18,129
41,553
Other debtors
24,941
29,660
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,600
2,600
Trade creditors
3,344
29,020
Taxes and social security
20,930
22,336
Loans from directors
-
3,472
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
