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Company Registration No. 14522982 (England and Wales)
Twelve Percent Ltd Statutory accounts for the year ended 21 April 2025
Twelve Percent Ltd Statutory accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Twelve Percent Ltd Company Information for the year ended 21 April 2025
Director
Catherine Parker
Company Number
14522982 (England and Wales)
Registered Office
105 St. Stephens Road Canterbury CT2 7JT England
- 3 -
Twelve Percent Ltd Statement of financial position as at 21 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
19,208
32,337
Current assets
Inventories
24,499
21,882
Debtors
5
27,153
22,195
Cash at bank and in hand
3,628
5,068
55,280
49,145
Creditors: amounts falling due within one year
6
(13,823)
(6,642)
Net current assets
41,457
42,503
Net assets
60,665
74,840
Capital and reserves
Called up share capital
130,300
130,300
Profit and loss account
(69,635)
(55,460)
Shareholders' funds
60,665
74,840
For the year ending 21 April 2025 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 her 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 November 2025 and were signed on its behalf by
Catherine Parker Director Company Registration No. 14522982
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Twelve Percent Ltd Notes to the Accounts for the year ended 21 April 2025
1
Statutory information
Twelve Percent Ltd is a private company, limited by shares, registered in England and Wales, registration number 14522982. The registered office is 105 St. Stephens Road, Canterbury, CT2 7JT, 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.
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:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 22 April 2024
48,421
475
48,896
Disposals
(344)
-
(344)
At 21 April 2025
48,077
475
48,552
Depreciation
At 22 April 2024
16,171
388
16,559
Charge for the year
12,856
(71)
12,785
At 21 April 2025
29,027
317
29,344
Net book value
At 21 April 2025
19,050
158
19,208
At 21 April 2024
32,250
87
32,337
- 5 -
Twelve Percent Ltd Notes to the Accounts for the year ended 21 April 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,653
355
Trade debtors
8,690
5,403
Accrued income and prepayments
4,373
4,000
14,716
9,758
Amounts falling due after more than one year
Accrued income and prepayments
12,437
12,437
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
6,823
6,642
Loans from directors
7,000
-
13,823
6,642
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 6 -