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Company Registration No. 13480329 (England and Wales)
Twelve Bit Ltd Unaudited accounts for the year ended 30 June 2025
Twelve Bit Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Twelve Bit Ltd Company Information for the year ended 30 June 2025
Director
Olegs Mihailovs
Company Number
13480329 (England and Wales)
Registered Office
Flat 3, 45 Sussex Square Brighton BN2 1GE United Kingdom
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Twelve Bit Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,754
2,666
Current assets
Debtors
5
7,125
1,860
Cash at bank and in hand
60,919
57,722
68,044
59,582
Creditors: amounts falling due within one year
6
(39,396)
(27,358)
Net current assets
28,648
32,224
Net assets
31,402
34,890
Capital and reserves
Called up share capital
7
10
10
Profit and loss account
31,392
34,880
Shareholders' funds
31,402
34,890
For the year ending 30 June 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 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 12 March 2026 and were signed on its behalf by
Olegs Mihailovs Director Company Registration No. 13480329
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Twelve Bit Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Twelve Bit Ltd is a private company, limited by shares, registered in England and Wales, registration number 13480329. The registered office is Flat 3, 45 Sussex Square, Brighton, BN2 1GE, United Kingdom.
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:
Fixtures & fittings
reducing balance basis at 20%
Computer equipment
reducing balance basis at 33.3%
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
1,656
3,406
5,062
Additions
1,098
-
1,098
At 30 June 2025
2,754
3,406
6,160
Depreciation
At 1 July 2024
504
1,892
2,396
Charge for the year
505
505
1,010
At 30 June 2025
1,009
2,397
3,406
Net book value
At 30 June 2025
1,745
1,009
2,754
At 30 June 2024
1,152
1,514
2,666
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Twelve Bit Ltd Notes to the Accounts for the year ended 30 June 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
7,125
1,860
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
5,480
7,946
Loans from directors
33,660
19,156
Accruals
256
256
39,396
27,358
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10
10
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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