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REGISTERED NUMBER: 12330648 (England and Wales)















Financial Statements for the Year Ended 31 December 2022

for

THE THIRSTY FARRIER LTD

THE THIRSTY FARRIER LTD (Registered number: 12330648)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE THIRSTY FARRIER LTD

Company Information
for the Year Ended 31 December 2022







DIRECTORS: D S Trainer
J P Trainer





SECRETARY:





REGISTERED OFFICE: Britcher Farm
Green Hill Lane
Egerton
Ashford
Kent
TN27 9HA





REGISTERED NUMBER: 12330648 (England and Wales)





ACCOUNTANTS: Ashbourne Self-Assessment Services Ltd
Unit 3 Stanley Court
Shearway Business Park
Shearway Road
Folkestone
Kent
CT19 4FJ

THE THIRSTY FARRIER LTD (Registered number: 12330648)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,357 10,129

CURRENT ASSETS
Stocks 10,500 -
Debtors 1,525 -
Cash at bank 48,119 16,525
60,144 16,525
CREDITORS
Amounts falling due within one year 25,234 10,994
NET CURRENT ASSETS 34,910 5,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,267

15,660

PROVISIONS FOR LIABILITIES 5 2,538 1,925
NET ASSETS 45,729 13,735

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 45,727 13,733
SHAREHOLDERS' FUNDS 45,729 13,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

THE THIRSTY FARRIER LTD (Registered number: 12330648)

Abridged Balance Sheet - continued
31 December 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 September 2023 and were signed on its behalf by:




D S Trainer - Director



J P Trainer - Director


THE THIRSTY FARRIER LTD (Registered number: 12330648)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

THE THIRSTY FARRIER 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

THE THIRSTY FARRIER LTD (Registered number: 12330648)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 12,652
Additions 10,080
Disposals (3,250 )
At 31 December 2022 19,482
DEPRECIATION
At 1 January 2022 2,523
Charge for year 3,873
Eliminated on disposal (271 )
At 31 December 2022 6,125
NET BOOK VALUE
At 31 December 2022 13,357
At 31 December 2021 10,129

5. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 2,538 1,925

Deferred
tax
£   
Balance at 1 January 2022 1,925
Provided during year 613
Balance at 31 December 2022 2,538

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 January 2022 13,733
Profit for the year 35,994
Dividends (4,000 )
At 31 December 2022 45,727