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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
Page
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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
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TWELVE PERCENTERS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,636 
2,636 
Tangible assets
146,659 
18,704 
149,295 
21,340 
Current assets
Debtors
39,532 
11,511 
Cash at bank and in hand
(12,345)
8,505 
27,187 
20,016 
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)
Net assets
27,444 
13,565 
Capital and reserves
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
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TWELVE PERCENTERS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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TWELVE PERCENTERS LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
2,636 
At 30 April 2024
2,636 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
2,636 
At 30 April 2023
2,636 
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 
Depreciation
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 
Net book value
At 30 April 2024
124,708 
20,699 
1,252 
146,659 
At 30 April 2023
5,491 
12,509 
704 
18,704 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,379 
10,763 
Amounts due from group undertakings etc.
- 
748 
Other debtors
26,153 
- 
39,532 
11,511 
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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 
Other creditors
- 
140 
Loans from directors
(11,289)
(11,955)
Accruals
719 
784 
15,719 
9,628 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
40,113 
18,163 
Obligations under finance leases and hire purchase contracts
93,206 
- 
133,319 
18,163 
9
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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