Accounts filed on 31-01-2016

true12D (UK) Limited056794122016-01-31-155242-127050-155142-126950100100-155142-126950-155142-126950-155292-127138193009227076377179993826060709841165728954150188150188Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Turnover The turnover shown in the profit and loss account is the revenue from the performance of the exchange of transactions from the supply of goods and services during the year, exclusive of value added tax. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Fixtures & Fittingson cost and 20% reducing balance0.333317719177191756917531381771917719175691753138Ordinary1000001100000100000Ordinary1100100100Going concern The company meets its day to day working capital requirements through the support of the directors and its creditors.Controlling interest and related party transactions The company is under the control of the directors. Trade debtors includes £1,252 (2015: £nil) due from 12D Solutions Pty Limited, a company in common control and trade creditors includes £13,400 (2015: £44,810) due to 12D Solutions Pty Limited at the year end. Other creditors of £175,844 (2015: £175,844) represents a loan from 12D Solutions Pty Limited.2016-09-21L J Gregorytruetruetruetruexbrli:sharesiso4217:GBPxbrli:pure12D (UK) Limited2015-02-012016-01-3112D (UK) Limited2014-02-012015-01-3112D (UK) Limited2014-01-3112D (UK) Limited2015-01-3112D (UK) Limited2015-01-3112D (UK) Limited2016-01-31 2016-09-29