Abbreviated Company Accounts - TWELVE DESIGN LTD

07464186 TWELVE DESIGN LTD 2015-12-31 false 2015-01-01 2015-12-31 true 07464186 2015-01-01 2015-12-31 07464186 2015-12-31 07464186 2014-12-31 07464186 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07464186 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07464186

TWELVE DESIGN LTD

Abbreviated Accounts

31 December 2015

TWELVE DESIGN LTD Registered Number 07464186

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	16,612	16,790
		16,612	16,790
Current assets
Cash at bank and in hand		37,586	28,277
		37,586	28,277
Creditors: amounts falling due within one year		(53,812)	(26,196)
Net current assets (liabilities)		(16,226)	2,081
Total assets less current liabilities		386	18,871
Total net assets (liabilities)		386	18,871
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		286	18,771
Shareholders' funds		386	18,871

For the year ending 31 December 2015 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 22 September 2016

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 2015

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% and 20% per annum on cost

2Tangible fixed assets

	£
Cost
At 1 January 2015	21,511
Additions	2,604
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	24,115
Depreciation
At 1 January 2015	4,721
Charge for the year	2,782
On disposals	-
At 31 December 2015	7,503
Net book values
At 31 December 2015	16,612
At 31 December 2014	16,790

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100