Twelve Thirty Eight Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06195880 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

TWELVE THIRTY EIGHT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

P M Overton

H M Thompson

SECRETARY:

P M Overton

REGISTERED OFFICE:

71 Seymour Road

St. Albans

Hertfordshire

AL3 5HN

REGISTERED NUMBER:

06195880 (England and Wales)

ACCOUNTANTS:

Novitt Harris & Co Limited

Chartered Accountants

273-275 High Street

London Colney

St Albans

Hertfordshire

AL2 1HA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Twelve Thirty Eight Limited for the year ended 30 April 2018 which comprise the Abridged

Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Twelve Thirty Eight Limited, as a body, in accordance with the terms of our engagement letter dated 14 May 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Twelve Thirty Eight Limited and state those matters that we have agreed to state to the Board of Directors of Twelve Thirty Eight Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Twelve Thirty Eight Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Twelve Thirty Eight Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Twelve Thirty Eight Limited. You consider that Twelve Thirty Eight Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Twelve Thirty Eight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Novitt Harris & Co Limited

Chartered Accountants

273-275 High Street

London Colney

St Albans

Hertfordshire

AL2 1HA

24 October 2018

FIXED ASSETS

Tangible assets

4

17,157

8,829

CURRENT ASSETS

Debtors

83,272

29,883

Cash at bank

190,205

101,333

273,477

131,216

CREDITORS

Amounts falling due within one year

118,379

50,282

NET CURRENT ASSETS

155,098

80,934

TOTAL ASSETS LESS CURRENT LIABILITIES

172,255

89,763

PROVISIONS FOR LIABILITIES

3,190

1,674

NET ASSETS

169,065

88,089

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

168,965

87,989

SHAREHOLDERS' FUNDS

169,065

88,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 October 2018 and were signed on its behalf by:

P M Overton - Director

H M Thompson - Director

1.	STATUTORY INFORMATION

Twelve Thirty Eight Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2017

46,282

Additions

14,822

Disposals

(5,938

)

At 30 April 2018

55,166

DEPRECIATION

At 1 May 2017

37,453

Charge for year

6,494

Eliminated on disposal

(5,938

)

At 30 April 2018

38,009

NET BOOK VALUE

At 30 April 2018

17,157

At 30 April 2017

8,829

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.