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REGISTERED NUMBER: 05432278 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

16 INTERACTIVE LTD

16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


16 INTERACTIVE LTD

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A J Clough





SECRETARY: G B Clough





REGISTERED OFFICE: 6 Rockfield Business Park
Old Station Drive
CHELTENHAM
Gloucestershire
GL53 0AN





REGISTERED NUMBER: 05432278 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Statement of Financial Position
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,819 60,828
Investments 5 120,000 120,000
170,819 180,828

CURRENT ASSETS
Debtors 6 322,192 200,438
Cash at bank 39,826 66,880
362,018 267,318
CREDITORS
Amounts falling due within one year 7 227,419 194,805
NET CURRENT ASSETS 134,599 72,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,418

253,341

CREDITORS
Amounts falling due after more than
one year

8

(186,539

)

(235,039

)

PROVISIONS FOR LIABILITIES (12,704 ) (15,206 )
NET ASSETS 106,175 3,096

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings 106,168 3,089
SHAREHOLDERS' FUNDS 106,175 3,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Statement of Financial Position - continued
30 APRIL 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





A J Clough - Director


16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

16 Interactive Ltd 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
Revenue 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 cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Investments
Investments have been measured at cost less accumulated impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 11,253 28,727 30,041 78,428 148,449
Additions - 1,833 1,944 11,022 14,799
At 30 April 2024 11,253 30,560 31,985 89,450 163,248
DEPRECIATION
At 1 May 2023 5,625 18,802 15,255 47,939 87,621
Charge for year 1,125 3,767 5,731 14,185 24,808
At 30 April 2024 6,750 22,569 20,986 62,124 112,429
NET BOOK VALUE
At 30 April 2024 4,503 7,991 10,999 27,326 50,819
At 30 April 2023 5,628 9,925 14,786 30,489 60,828

5. FIXED ASSET INVESTMENTS
Investment
in
Happiness
Lab
Limited
£   
COST
At 1 May 2023
and 30 April 2024 120,000
NET BOOK VALUE
At 30 April 2024 120,000
At 30 April 2023 120,000

16 INTERACTIVE LTD (REGISTERED NUMBER: 05432278)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 248,264 170,758
Other debtors 73,928 29,680
322,192 200,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,965 13,181
Taxation and social security 77,520 89,982
Other creditors 136,934 91,642
227,419 194,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 186,539 235,039

9. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year, is a director's loan account in the sum of £42,864 (2023: £25.862) that has been provided by Mr AJ Clough. The account is unsecured, interest free and carries no fixed date of repayment.