Company Registration No. 11336950 (England and Wales)
TWELVE PERCENTERS LIMITED
Unaudited accounts
for the year ended 30 April 2024
TWELVE PERCENTERS LIMITED
Unaudited accounts
Contents
TWELVE PERCENTERS LIMITED
Company Information
for the year ended 30 April 2024
Director
Edmund Philip John Vause
Company Number
11336950 (England and Wales)
Registered Office
UNIT 1 LINES FARM ESTATE
PARROCK LANE
COLEMANS HATCH
EAST SUSSEX
TN7 4HT
ENGLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
TWELVE PERCENTERS LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
2,636
2,636
Tangible assets
146,659
18,704
Cash at bank and in hand
(12,345)
8,505
Creditors: amounts falling due within one year
(15,719)
(9,628)
Net current assets
11,468
10,388
Total assets less current liabilities
160,763
31,728
Creditors: amounts falling due after more than one year
(133,319)
(18,163)
Called up share capital
100
100
Profit and loss account
27,344
13,465
Shareholders' funds
27,444
13,565
For the year ending 30 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 his 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 27 January 2025 and were signed on its behalf by
Edmund Philip John Vause
Director
Company Registration No. 11336950
TWELVE PERCENTERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
TWELVE PERCENTERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11336950. The registered office is UNIT 1 LINES FARM ESTATE, PARROCK LANE, COLEMANS HATCH, EAST SUSSEX, TN7 4HT, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
25% Straight Line
Motor vehicles
10% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
TWELVE PERCENTERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
9,933
20,543
3,369
33,845
Additions
135,929
10,244
928
147,101
At 30 April 2024
145,862
30,787
4,297
180,946
At 1 May 2023
4,442
8,034
2,665
15,141
Charge for the year
16,712
2,054
380
19,146
At 30 April 2024
21,154
10,088
3,045
34,287
At 30 April 2024
124,708
20,699
1,252
146,659
At 30 April 2023
5,491
12,509
704
18,704
Amounts falling due within one year
Trade debtors
13,379
10,763
Amounts due from group undertakings etc.
-
748
TWELVE PERCENTERS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,480
3,485
Trade creditors
17,637
11,114
Taxes and social security
5,172
6,060
Loans from directors
(11,289)
(11,955)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
93,206
-
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).