REGISTERED NUMBER: 09289435 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

FOR

TWELVE OAKS SOFTWARE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P N Jervis

REGISTERED OFFICE:

20 Saviourgate

York

North Yorkshire

REGISTERED NUMBER:

09289435 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

5,928

10,229

CURRENT ASSETS

Stocks

-

16,003

Debtors

5

287,735

361,577

Investments

6

-

2,126

Cash at bank and in hand

4,254

23,412

291,989

403,118

CREDITORS

Amounts falling due within one year

7

56,061

41,074

NET CURRENT ASSETS

235,928

362,044

TOTAL ASSETS LESS CURRENT LIABILITIES

241,856

372,273

PROVISIONS FOR LIABILITIES

-

1,944

NET ASSETS

241,856

370,329

CAPITAL AND RESERVES

Called up share capital

8

120

120

Retained earnings

241,736

370,209

SHAREHOLDERS' FUNDS

241,856

370,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 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 9 September 2026 and were signed by:

P N Jervis - Director

1.	STATUTORY INFORMATION

Twelve Oaks Software 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 is derived from software development and is recognised when the service is provided.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Taxation

Taxation for the period 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Pension costs and other post-retirement benefits

The company has implemented an auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

38,959

Additions

514

Disposals

(1,675

)

At 30 April 2025

37,798

DEPRECIATION

At 1 November 2023

28,730

Charge for period

3,454

Eliminated on disposal

(314

)

At 30 April 2025

31,870

NET BOOK VALUE

At 30 April 2025

5,928

At 31 October 2023

10,229

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.10.23

£

£

Trade debtors

63,577

123,870

Amounts owed by associates

215,330

207,906

Other debtors

8,828

29,801

287,735

361,577

6.	CURRENT ASSET INVESTMENTS

30.4.25

31.10.23

£

£

Shares in group undertakings

-

2,126

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

31.10.23

£

£

Trade creditors

10,329

3,736

Taxation and social security

39,442

24,188

Other creditors

6,290

13,150

56,061

41,074

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

31.10.23

value:

£

£

120

Ordinary

£1

120

120

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2025 and the year ended 31 October 2023:

30.4.25

31.10.23

£

£

P N Jervis

Balance outstanding at start of period

4,780

-

Amounts advanced

233

4,780

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

5,013

4,780