Twelve22 Design & Colour Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07655417 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

TWELVE22 DESIGN & COLOUR LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K G M Gibb

REGISTERED OFFICE:

22 Churchfield Avenue

London

N12 0NT

REGISTERED NUMBER:

07655417 (England and Wales)

ACCOUNTANTS:

ELM Partners

Chartered Certified Accountants

Southgate Office Village

286a Chase Road

Southgate

London

N14 6HF

FIXED ASSETS

Tangible assets

4

3,678

5,467

CURRENT ASSETS

Debtors

5

5,410

277

Cash at bank

36,076

78,159

41,486

78,436

CREDITORS

Amounts falling due within one year

6

11,000

20,601

NET CURRENT ASSETS

30,486

57,835

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,164

63,302

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

34,162

63,300

SHAREHOLDERS' FUNDS

34,164

63,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 May 2026 and were signed by:

Mr K G M Gibb - Director

1.	STATUTORY INFORMATION

Twelve22 Design & Colour Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced provision of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2025

1,454

45,157

46,611

Additions

-

858

At 31 March 2026

1,454

46,015

47,469

DEPRECIATION

At 1 April 2025

1,454

39,690

41,144

Charge for year

-

2,647

At 31 March 2026

1,454

42,337

43,791

NET BOOK VALUE

At 31 March 2026

-

3,678

At 31 March 2025

-

5,467

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

5,196

-

VAT

-

69

Prepayments

214

208

5,410

277

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Tax

3,200

7,017

Social security and other taxes

-

90

VAT

806

-

Directors' current accounts

6,994

13,494

11,000

20,601

7.	RELATED PARTY DISCLOSURES

Included in "Creditors: amounts falling due within one year" is an amount of £6,994 (2025: £13,494) due to the director of the company, Mr K Gibb. The loan is interest free.