Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11623711 Mr Scott Pemberton Mr Stephen Pemberton Ms Tania Hepworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11623711 2023-10-31 11623711 2024-10-31 11623711 2023-11-01 2024-10-31 11623711 frs-core:CurrentFinancialInstruments 2024-10-31 11623711 frs-core:FurnitureFittings 2024-10-31 11623711 frs-core:FurnitureFittings 2023-11-01 2024-10-31 11623711 frs-core:FurnitureFittings 2023-10-31 11623711 frs-core:ShareCapital 2024-10-31 11623711 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11623711 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11623711 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11623711 frs-bus:SmallEntities 2023-11-01 2024-10-31 11623711 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11623711 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11623711 frs-bus:Director1 2023-11-01 2024-10-31 11623711 frs-bus:Director2 2023-11-01 2024-10-31 11623711 frs-bus:Director3 2023-11-01 2024-10-31 11623711 frs-countries:EnglandWales 2023-11-01 2024-10-31 11623711 2022-10-31 11623711 2023-10-31 11623711 2022-11-01 2023-10-31 11623711 frs-core:CurrentFinancialInstruments 2023-10-31 11623711 frs-core:ShareCapital 2023-10-31 11623711 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11623711
Twelve Monkeys LTD
Unaudited Financial Statements
For The Year Ended 31 October 2024
McLen & Co Accountancy Ltd
AAT
19 Jolly Avenue
Waverley
Rotherham
South Yorkshire
S60 8BF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11623711
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,049 11,086
9,049 11,086
CURRENT ASSETS
Stocks 5 4,087 3,795
Debtors 6 802 802
Cash at bank and in hand 745 2,149
5,634 6,746
Creditors: Amounts Falling Due Within One Year 7 (67,743 ) (78,301 )
NET CURRENT ASSETS (LIABILITIES) (62,109 ) (71,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,060 ) (60,469 )
NET LIABILITIES (53,060 ) (60,469 )
CAPITAL AND RESERVES
Called up share capital 8 6 4
Profit and Loss Account (53,066 ) (60,473 )
SHAREHOLDERS' FUNDS (53,060) (60,469)
Page 1
Page 2
For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Tania Hepworth
Director
21/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Twelve Monkeys LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11623711 . The registered office is The Tavern, Beech House Road, Barnsley, S73 0PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 34,987
Additions 980
As at 31 October 2024 35,967
Depreciation
As at 1 November 2023 23,901
Provided during the period 3,017
As at 31 October 2024 26,918
Net Book Value
As at 31 October 2024 9,049
As at 1 November 2023 11,086
5. Stocks
2024 2023
£ £
Stock 4,087 3,795
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 802 802
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,987 23,823
Bank loans and overdrafts 17,005 25,517
Other creditors 12,463 12,465
Taxation and social security 17,288 16,496
67,743 78,301
Page 4
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 4
Page 5