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Registered Number: SC597155
Scotland

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 30 April 2024

for

EIGHTEEN TWENTY LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 3,012  3,766 
Current assets 4,855  6,496 
Creditors: amount falling due within one year (1)
Net current assets 4,855  6,495 
Total assets less current liabilities 7,867  10,261 
Accrued liabilities (1,259) (1,139)
Net assets 6,608  9,122 
 
Capital and reserves 6,608  9,122 
 
  1. For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Jamie Dickson Law
Director

Date approved: 20 November 2024
1
Statutory Information
EIGHTEEN TWENTY LTD is a private limited company, limited by shares, domiciled in Scotland, registration number SC597155, registration address 20 William Sinclair Street, Kirkcaldy, KY2 6ZT, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment20 Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Office Equipment   Total
  £   £
At 01 May 2023 5,537    5,537 
Additions  
Disposals  
At 30 April 2024 5,537    5,537 
Depreciation
At 01 May 2023 1,771    1,771 
Charge for year 754    754 
On disposals  
At 30 April 2024 2,525    2,525 
Net book values
Closing balance as at 30 April 2024 3,012    3,012 
Opening balance as at 01 May 2023 3,766    3,766 

3.

Average number of employees

Average number of employees during the year was 0  (2023: 0).
2