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Company Registration No. 14522982 (England and Wales)
Twelve Percent Ltd Statutory accounts for the period from 5 December 2022 to 21 April 2024
Twelve Percent Ltd Statutory accounts Contents
Page
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Twelve Percent Ltd Company Information for the period from 5 December 2022 to 21 April 2024
Director
Catherine Parker
Company Number
14522982 (England and Wales)
Registered Office
105 St. Stephens Road Canterbury CT2 7JT England
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Twelve Percent Ltd Statement of financial position as at 21 April 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
32,337 
Current assets
Inventories
21,882 
Debtors
22,195 
Cash at bank and in hand
5,068 
49,145 
Creditors: amounts falling due within one year
(6,642)
Net current assets
42,503 
Net assets
74,840 
Capital and reserves
Called up share capital
130,300 
Profit and loss account
(55,460)
Shareholders' funds
74,840 
For the period ending 21 April 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2024 and were signed on its behalf by
Catherine Parker Director Company Registration No. 14522982
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Twelve Percent Ltd Notes to the Accounts for the period from 5 December 2022 to 21 April 2024
1
Statutory information
Twelve Percent Ltd is a private company, limited by shares, registered in England and Wales, registration number 14522982. The registered office is 105 St. Stephens Road, Canterbury, CT2 7JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 5 December 2022
- 
- 
- 
Additions
48,421 
475 
48,896 
At 21 April 2024
48,421 
475 
48,896 
Depreciation
Charge for the period
16,171 
388 
16,559 
At 21 April 2024
16,171 
388 
16,559 
Net book value
At 21 April 2024
32,250 
87 
32,337 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
355 
Trade debtors
5,403 
Accrued income and prepayments
4,000 
9,758 
Amounts falling due after more than one year
Accrued income and prepayments
12,437 
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Twelve Percent Ltd Notes to the Accounts for the period from 5 December 2022 to 21 April 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
6,642 
7
Average number of employees
During the period the average number of employees was 3.
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