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COMPANY REGISTRATION NUMBER: 06261300
12 Bar Engineering Limited
Filleted Unaudited Financial Statements
31 May 2024
12 Bar Engineering Limited
Financial Statements
Year ended 31 May 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
12 Bar Engineering Limited
Balance Sheet
31 May 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
6
2,105
5,236
Cash at bank and in hand
3,404
3,297
-------
-------
5,509
8,533
Creditors: amounts falling due within one year
7
4,967
6,731
-------
-------
Net current assets
542
1,802
----
-------
Total assets less current liabilities
542
1,802
----
-------
Net assets
542
1,802
----
-------
12 Bar Engineering Limited
Balance Sheet (continued)
31 May 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
442
1,702
----
-------
Shareholders funds
542
1,802
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 February 2025 , and are signed on behalf of the board by:
Mr R A W Barber
Director
Company registration number: 06261300
12 Bar Engineering Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 June 2023 and 31 May 2024
1,000
-------
Depreciation
At 1 June 2023 and 31 May 2024
1,000
-------
Carrying amount
At 31 May 2024
-------
At 31 May 2023
-------
6. Debtors
2024
2023
£
£
Trade debtors
2,105
5,236
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,940
2,846
Social security and other taxes
348
342
Other creditors
2,679
3,543
-------
-------
4,967
6,731
-------
-------
8. Director's advances, credits and guarantees
The director had an interest-free loan during the year. The loan is repayable on demand. At the beginning of the year the company owed him £1,923 and at the end of the year the company owed him £999.