1 April 2023 false No description of principal activity Taxfiler 2024.6 07502857business:PrivateLimitedCompanyLtd2023-04-012024-03-31 075028572023-03-31 075028572023-04-012024-03-31 07502857business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 07502857business:AbridgedAccounts2023-04-012024-03-31 075028572024-03-31 075028572023-03-31 07502857core:WithinOneYear2024-03-31 07502857core:WithinOneYear2023-03-31 07502857core:AfterOneYear2024-03-31 07502857core:AfterOneYear2023-03-31 07502857core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 07502857core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07502857core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 07502857core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07502857core:PreviouslyStatedAmount2024-03-31 07502857core:PreviouslyStatedAmount2023-03-31 07502857business:SmallEntities2023-04-012024-03-31 07502857business:Director12023-04-012024-03-31 07502857countries:EnglandWales2023-04-012024-03-31 07502857business:RegisteredOffice2023-04-012024-03-31 07502857core:LandBuildings2023-04-012024-03-31 07502857core:PlantMachinery2023-04-012024-03-31 075028572022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07502857 (England and Wales)
TWELVERS LINK LTD Unaudited accounts for the year ended 31 March 2024
TWELVERS LINK LTD Unaudited accounts Contents
Page
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TWELVERS LINK LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
600,103 
600,101 
Tangible assets
161,517 
176,158 
761,620 
776,259 
Current assets
Inventories
124,488 
115,935 
Debtors
202,942 
200,213 
Cash at bank and in hand
143,313 
146,788 
470,743 
462,936 
Creditors: amounts falling due within one year
(562,018)
(616,748)
Net current liabilities
(91,275)
(153,812)
Total assets less current liabilities
670,345 
622,447 
Creditors: amounts falling due after more than one year
(662,602)
(699,746)
Net assets/(liabilities)
7,743 
(77,299)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,643 
(77,399)
Shareholders' funds
7,743 
(77,299)
For the year ending 31 March 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Jamil Bandali Director Company Registration No. 07502857
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TWELVERS LINK LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TWELVERS LINK LTD is a private company, limited by shares, registered in England and Wales, registration number 07502857. The registered office is 111A HIGH STREET, WEALDSTONE, MIDDLESEX, HA3 5DL, UK.
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 remained unchanged from the previous year, and also 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:
Land & buildings
2% on cost
Plant & machinery
25% on cost, 25% on reducing balance and 10% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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TWELVERS LINK LTD Notes to the Accounts for the year ended 31 March 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
612,602 
Additions
2 
At 31 March 2024
612,604 
Amortisation
At 1 April 2023
12,501 
At 31 March 2024
12,501 
Net book value
At 31 March 2024
600,103 
At 31 March 2023
600,101 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
271,202 
At 31 March 2024
271,202 
Depreciation
At 1 April 2023
95,044 
Charge for the year
14,641 
At 31 March 2024
109,685 
Net book value
At 31 March 2024
161,517 
At 31 March 2023
176,158 
6
Average number of employees
During the year the average number of employees was 25 (2023: 30).
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