12 Advisors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04811958 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

12 ADVISORS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

F. E. A. Robyns

SECRETARY:

Mrs. K. M. Robyns

REGISTERED OFFICE:

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

04811958 (England and Wales)

ACCOUNTANTS:

NWN Blue Squared Ltd

Chartered Certified Accountants

7 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

4,641

6,221

Investments

3

1

4,642

6,222

CURRENT ASSETS

Stocks

2,186,446

2,714,209

Debtors

392,975

399,177

Cash at bank and in hand

23,506

4,330

2,602,927

3,117,716

CREDITORS

Amounts falling due within one year

180,462

147,407

NET CURRENT ASSETS

2,422,465

2,970,309

TOTAL ASSETS LESS CURRENT LIABILITIES

2,427,107

2,976,531

CREDITORS

Amounts falling due after more than one year

9,283

3,411

NET ASSETS

2,417,824

2,973,120

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

2,417,822

2,973,118

SHAREHOLDERS' FUNDS

2,417,824

2,973,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 July 2016 and were signed by:

F. E. A. Robyns - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and commission received, excluding value added tax. Financial

Reporting Standard 5 Application Note G has been adopted in order to recognize the turnover of the sale of goods

i.e. turnover on the sale of goods is only recorded when the full title of the goods has been passed to the buyer.

Any deposits received are being recorded as payments on account in creditors. Commission income from real

estate activities is recognized on exchange of contracts.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Short leasehold - 10% per annum on cost

Fixtures and equipment - 25% per annum on reducing balance basis

Computer equipment - 25% per annum on reducing balance basis

Stocks

Stocks are valued at the lower of cost and net realisable value.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date

of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Operating leases commitments

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged to profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

45,710

DEPRECIATION

At 1 November 2014

39,489

Charge for year

1,580

At 31 October 2015

41,069

NET BOOK VALUE

At 31 October 2015

4,641

At 31 October 2014

6,221

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2014

and 31 October 2015

1

NET BOOK VALUE

At 31 October 2015

1

At 31 October 2014

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2