Company Registration No. SC573843 (Scotland)
12 Inch Media Ltd
Unaudited accounts
for the year ended 31 August 2024
12 Inch Media Ltd
Unaudited accounts
Contents
12 Inch Media Ltd
Company Information
for the year ended 31 August 2024
Director
Craig John Gowans
Company Number
SC573843 (Scotland)
Registered Office
10 Beechwood Drive
Stonehouse
South Lanarkshire
ML9 3EY
Accountants
Dead Simple Accounting
Suite 30, 105 London Street
Reading
Berkshire
RG1 4QD
12 Inch Media Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
5,490
3,405
Cash at bank and in hand
16,126
20,593
Creditors: amounts falling due within one year
(12,971)
(11,607)
Net current assets
24,062
23,204
Total assets less current liabilities
29,552
26,609
Creditors: amounts falling due after more than one year
-
1
Called up share capital
1
1
Profit and loss account
29,551
26,609
Shareholders' funds
29,552
26,610
For the year ending 31 August 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 17 March 2025 and were signed on its behalf by
Craig John Gowans
Director
Company Registration No. SC573843
12 Inch Media Ltd
Notes to the Accounts
for the year ended 31 August 2024
12 Inch Media Ltd is a private company, limited by shares, registered in Scotland, registration number SC573843. The registered office is 10 Beechwood Drive, Stonehouse, South Lanarkshire, ML9 3EY.
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.
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:
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
-
4,540
4,540
Additions
3,107
1,185
4,292
At 31 August 2024
3,107
5,725
8,832
At 1 September 2023
-
1,135
1,135
Charge for the year
776
1,431
2,207
At 31 August 2024
776
2,566
3,342
At 31 August 2024
2,331
3,159
5,490
At 31 August 2023
-
3,405
3,405
Amounts falling due within one year
Trade debtors
20,907
14,218
12 Inch Media Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,873
11,002
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
(1)
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).