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REGISTERED NUMBER: 09818481 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Twelveten Limited

Twelveten Limited (Registered number: 09818481)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Twelveten Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P E Barrett
Mrs K C Barrett



REGISTERED OFFICE: Folly Farm
Tewkesbury Road
Coombe Hill
Gloucester
GL19 4AN



REGISTERED NUMBER: 09818481 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: National Westminster Bank Plc
31 The Promenade
Cheltenham
GL50 1EH

Twelveten Limited (Registered number: 09818481)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,246 8,192

CURRENT ASSETS
Debtors 5 116,234 63,250
Cash at bank 43,273 46,038
159,507 109,288
CREDITORS
Amounts falling due within one year 6 48,653 35,871
NET CURRENT ASSETS 110,854 73,417
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,100

81,609

PROVISIONS FOR LIABILITIES 1,351 1,265
NET ASSETS 117,749 80,344

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 117,739 80,334
SHAREHOLDERS' FUNDS 117,749 80,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 22 July 2024 and were signed on its behalf by:



P E Barrett - Director


Twelveten Limited (Registered number: 09818481)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Twelveten 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.

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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Office equipment - 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 2 (2023 - 1 ) .

Twelveten Limited (Registered number: 09818481)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office
property machinery equipment Totals
£    £    £    £   
Cost
At 1 April 2023 3,120 8,743 2,160 14,023
Additions - 2,284 - 2,284
At 31 March 2024 3,120 11,027 2,160 16,307
Depreciation
At 1 April 2023 312 4,270 1,249 5,831
Charge for year 312 1,690 228 2,230
At 31 March 2024 624 5,960 1,477 8,061
Net book value
At 31 March 2024 2,496 5,067 683 8,246
At 31 March 2023 2,808 4,473 911 8,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 81,658 52,846
Other debtors 34,576 10,404
116,234 63,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Taxation and social security 45,793 35,871
Other creditors 2,860 -
48,653 35,871

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
P E Barrett and Mrs K C Barrett
Balance outstanding at start of year 10,404 5,091
Amounts advanced 34,576 73,815
Amounts repaid (10,404 ) (68,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,576 10,404

Twelveten Limited (Registered number: 09818481)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

During the year ended 31 March 2024 a loan was advanced to the directors P Barrett & Mrs K Barrett. This loan was repaid in full within 9 months of the year end and interest has been charged at HMRCs official rate of interest.