1 September 2023 false No description of principal activity Taxfiler 2024.6 SC573843business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC5738432023-08-31 SC5738432023-09-012024-08-31 SC573843business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC573843business:FilletedAccounts2023-09-012024-08-31 SC5738432024-08-31 SC573843business:Director12023-09-012024-08-31 SC573843business:RegisteredOffice2023-09-012024-08-31 SC5738432023-08-31 SC573843core:WithinOneYear2024-08-31 SC573843core:WithinOneYear2023-08-31 SC573843core:AfterOneYear2024-08-31 SC573843core:AfterOneYear2023-08-31 SC573843core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC573843core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC573843core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC573843core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC573843core:PreviouslyStatedAmount2024-08-31 SC573843core:PreviouslyStatedAmount2023-08-31 SC573843business:SmallEntities2023-09-012024-08-31 SC573843countries:Scotland2023-09-012024-08-31 SC573843core:ComputerEquipment2023-09-012024-08-31 SC573843core:PlantMachinery2023-08-31 SC573843core:ComputerEquipment2023-08-31 SC573843core:PlantMachinery2023-09-012024-08-31 SC573843core:PlantMachinery2024-08-31 SC573843core:ComputerEquipment2024-08-31 SC5738432022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
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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
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12 Inch Media Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,490 
3,405 
Current assets
Debtors
20,907 
14,218 
Cash at bank and in hand
16,126 
20,593 
37,033 
34,811 
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 
Net assets
29,552 
26,610 
Capital and reserves
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
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12 Inch Media Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 August 2024
2,331 
3,159 
5,490 
At 31 August 2023
- 
3,405 
3,405 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,907 
14,218 
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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 
£ 
£ 
VAT
1,098 
605 
Taxes and social security
11,873 
11,002 
12,971 
11,607 
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).
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