IRIS Accounts Production v26.1.10.61 SC651517 Board of Directors 1.2.25 31.10.25 31.10.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC651517 2025-01-31 SC651517 2025-10-31 SC651517 2025-02-01 2025-10-31 SC651517 2024-01-31 SC651517 2024-02-01 2025-01-31 SC651517 2025-01-31 SC651517 ns15:Scotland 2025-02-01 2025-10-31 SC651517 ns14:PoundSterling 2025-02-01 2025-10-31 SC651517 ns10:Director1 2025-02-01 2025-10-31 SC651517 ns10:PrivateLimitedCompanyLtd 2025-02-01 2025-10-31 SC651517 ns10:SmallEntities 2025-02-01 2025-10-31 SC651517 ns10:AuditExempt-NoAccountantsReport 2025-02-01 2025-10-31 SC651517 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2025-10-31 SC651517 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2025-10-31 SC651517 ns10:FullAccounts 2025-02-01 2025-10-31 SC651517 1 2025-02-01 2025-10-31 SC651517 ns10:Director2 2025-02-01 2025-10-31 SC651517 ns10:RegisteredOffice 2025-02-01 2025-10-31 SC651517 ns5:CurrentFinancialInstruments 2025-10-31 SC651517 ns5:CurrentFinancialInstruments 2025-01-31 SC651517 ns5:Non-currentFinancialInstruments 2025-10-31 SC651517 ns5:Non-currentFinancialInstruments 2025-01-31 SC651517 ns5:ShareCapital 2025-10-31 SC651517 ns5:ShareCapital 2025-01-31 SC651517 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 SC651517 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC651517 ns5:NetGoodwill 2025-02-01 2025-10-31 SC651517 ns5:IntangibleAssetsOtherThanGoodwill 2025-02-01 2025-10-31 SC651517 ns5:LeaseholdImprovements 2025-02-01 2025-10-31 SC651517 ns5:PlantMachinery 2025-02-01 2025-10-31 SC651517 ns5:ComputerEquipment 2025-02-01 2025-10-31 SC651517 ns5:NetGoodwill 2025-01-31 SC651517 ns5:NetGoodwill 2025-10-31 SC651517 ns5:NetGoodwill 2025-01-31 SC651517 ns5:LeaseholdImprovements 2025-01-31 SC651517 ns5:PlantMachinery 2025-01-31 SC651517 ns5:ComputerEquipment 2025-01-31 SC651517 ns5:LeaseholdImprovements 2025-10-31 SC651517 ns5:PlantMachinery 2025-10-31 SC651517 ns5:ComputerEquipment 2025-10-31 SC651517 ns5:LeaseholdImprovements 2025-01-31 SC651517 ns5:PlantMachinery 2025-01-31 SC651517 ns5:ComputerEquipment 2025-01-31 SC651517 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 SC651517 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31

REGISTERED NUMBER: SC651517 (Scotland)

Unaudited Financial Statements

for the Period 1 February 2025 to 31 October 2025

for

12t Limited

12t Limited (Registered number: SC651517)

Contents of the Financial Statements

for the Period 1 February 2025 to 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

12t Limited

Company Information

for the Period 1 February 2025 to 31 October 2025

| DIRECTORS: | Miss R A Morgan

| Miss E Cuddeford

| REGISTERED OFFICE: | 90 Brunswick Street

| Edinburgh

| EH7 5HU

| REGISTERED NUMBER: | SC651517 (Scotland)

| ACCOUNTANTS: | Cowan & Partners Limited

| 60 Constitution Street

| Edinburgh

| EH6 6RR

12t Limited (Registered number: SC651517)

Balance Sheet

31 October 2025

| 31.10.25 | 31.1.25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 12,000 |  | 14,000 |  |

Tangible assets | 5 | 119,929 |  | 79,852 |  |

131,929 |  | 93,852 |  |

CURRENT ASSETS

Stocks | 60,000 |  | 45,000 |  |

Debtors | 6 | 7,448 |  | 55,973 |  |

Cash at bank | 34,083 |  | 15,546 |  |

101,531 |  | 116,519 |  |

CREDITORS

Amounts falling due within one year | 7 | 251,711 |  | 234,457 |  |

NET CURRENT LIABILITIES | (150,180 | ) | (117,938 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (18,251 | ) | (24,086 | ) |

CREDITORS

Amounts falling due after more than one year | 8 | (22,738 | ) | (36,161 | ) |

PROVISIONS FOR LIABILITIES | (29,982 | ) | (19,963 | ) |

NET LIABILITIES | (70,971 | ) | (80,210 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (71,071 | ) | (80,310 | ) |

(70,971 | ) | (80,210 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

12t Limited (Registered number: SC651517)

Balance Sheet - continued

31 October 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2026 and were signed on its behalf by:

Miss R A Morgan - Director

12t Limited (Registered number: SC651517)

Notes to the Financial Statements

for the Period 1 February 2025 to 31 October 2025

1. | STATUTORY INFORMATION

| 12t Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The company has made a trading loss, with net current liabilities and an overall negative balance sheet. The directors have, however, confirmed that the company will continue to receive the support of the directors, until such time as profits are made and there are positive reserves. The directors will provide such assistance as may be required to enable the company to meet liabilities as they fall due. Accordingly, the directors believe it is appropriate that these accounts are prepared on a going concern basis.

| Turnover

| Turnover represents net invoiced sales of goods, excluding value added tax. The company's policy is to

| recognise a sale when substantially all the risks and rewards in connection with the goods have been passed to the buyer.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Improvements to property | - | 5% on cost

| Plant and machinery | - | 20% on cost

| Computer equipment | - | 25% on cost

| Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

| Stocks

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

12t Limited (Registered number: SC651517)

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 17 (2025 - 20 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2025

| and 31 October 2025 | 20,000 |  |

| AMORTISATION

| At 1 February 2025 | 6,000 |  |

| Charge for period | 2,000 |  |

| At 31 October 2025 | 8,000 |  |

| NET BOOK VALUE

| At 31 October 2025 | 12,000 |  |

| At 31 January 2025 | 14,000 |  |

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

| less any accumulated amortisation and any accumulated impairment losses.

12t Limited (Registered number: SC651517)

Notes to the Financial Statements - continued

for the Period 1 February 2025 to 31 October 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Computer |

| property |  | machinery |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 February 2025 | 83,790 |  | 24,651 |  | 506 |  | 108,947 |  |

| Additions | 46,322 |  | 2,699 |  | 257 |  | 49,278 |  |

| At 31 October 2025 | 130,112 |  | 27,350 |  | 763 |  | 158,225 |  |

| DEPRECIATION

| At 1 February 2025 | 10,564 |  | 18,112 |  | 419 |  | 29,095 |  |

| Charge for period | 6,505 |  | 2,588 |  | 108 |  | 9,201 |  |

| At 31 October 2025 | 17,069 |  | 20,700 |  | 527 |  | 38,296 |  |

| NET BOOK VALUE

| At 31 October 2025 | 113,043 |  | 6,650 |  | 236 |  | 119,929 |  |

| At 31 January 2025 | 73,226 |  | 6,539 |  | 87 |  | 79,852 |  |

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

| accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.1.25

£ | £ |

| Trade debtors | - |  | 9,487 |  |

| Amounts owed by participating interests | - |  | 36,350 |  |

| Other debtors | 7,448 |  | 10,136 |  |

7,448 |  | 55,973 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.25 |  | 31.1.25

£ | £ |

| Bank loans and overdrafts | 17,014 |  | 20,000 |  |

| Amounts owed to participating interests | 6,653 |  | - |  |

| Taxation and social security | 23,770 |  | 5,458 |  |

| Other creditors | 204,274 |  | 208,999 |  |

251,711 |  | 234,457 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.25 |  | 31.1.25

£ | £ |

| Bank loans | 22,738 |  | 36,161 |  |