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REGISTERED NUMBER: 12744324 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Scratch 12 Limited

Scratch 12 Limited (Registered number: 12744324)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Scratch 12 Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J N Goolding
Mrs D Goolding





REGISTERED OFFICE: 15 Guildford Road
Aldershot
Hampshire
GU12 4BN





REGISTERED NUMBER: 12744324 (England and Wales)





ACCOUNTANTS: Sumner & Moore Limited
The Studio
2 Borelli Yard
Farnham
Surrey
GU9 7NU

Scratch 12 Limited (Registered number: 12744324)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,918 15,608

CURRENT ASSETS
Stocks 703,253 650,475
Debtors 5 195 228
Cash at bank 22,453 16,349
725,901 667,052
CREDITORS
Amounts falling due within one year 6 332,642 281,110
NET CURRENT ASSETS 393,259 385,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,177

401,550

CREDITORS
Amounts falling due after more than one
year

7

401,447

401,450
NET ASSETS 2,730 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,630 -
SHAREHOLDERS' FUNDS 2,730 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

Scratch 12 Limited (Registered number: 12744324)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 July 2024 and were signed on its behalf by:





J N Goolding - Director


Scratch 12 Limited (Registered number: 12744324)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Scratch 12 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 - 33% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Scratch 12 Limited (Registered number: 12744324)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 21,969
DEPRECIATION
At 1 August 2022 6,361
Charge for year 4,690
At 31 July 2023 11,051
NET BOOK VALUE
At 31 July 2023 10,918
At 31 July 2022 15,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 195 228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 97 -
Taxation and social security 334 334
Other creditors 332,211 280,776
332,642 281,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Other creditors 401,447 401,450

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 401,447 401,450

Scratch 12 Limited (Registered number: 12744324)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Other loans 401,447 401,450

The mortgage loan is secured on the company's development property. The loan is interest only and interest is charged at 3.2%.

9. RELATED PARTY DISCLOSURES

At the end of the year under review there was a loan from the directors of £331,066 (2022 £279,281). The loan is interest free and has no formal repayment terms and is presented within creditors falling due within one year.