Company registration number:
11722204
THERO9 LIMITED
Unaudited filleted financial statements
31 December 2022
THERO9 LIMITED
Directors and other information
Directors
Jacqueline Hughes
Alexandra Hughes
Company number
11722204
Registered office
Redholm Croft
Deans Lane
Walton On The Hill
KT20 7UA
THERO9 LIMITED
Statement of financial position
31 December 2022
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2022 |
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2021 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
14,928 |
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- |
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Cash at bank and in hand |
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197,210 |
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194,399 |
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_______ |
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_______ |
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212,138 |
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194,399 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
32,092) |
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(
52,096) |
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_______ |
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_______ |
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Net current assets |
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180,046 |
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142,303 |
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_______ |
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_______ |
Total assets less current liabilities |
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180,046 |
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142,303 |
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_______ |
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_______ |
Net assets |
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180,046 |
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142,303 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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179,946 |
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142,203 |
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_______ |
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_______ |
Shareholders funds |
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180,046 |
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142,303 |
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_______ |
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_______ |
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For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 September 2023
, and are signed on behalf of the board by:
Jacqueline Hughes
Director
Company registration number:
11722204
THERO9 LIMITED
Notes to the financial statements
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in ENGLAND & WALES. The address of the registered office is Redholm Croft, Deans Lane, Walton On The Hill, KT20 7UA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured as the fair value of the consideration received or receivable; excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- The amount of revenue can be measured reliably- It is probable that the company will receive the consideration due under the contract- The stage of completion of the contract at the end of the reporting period can be measured reliably; and- The costs incurred and the costs to complete the contract can be measured reliably
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in statement of comprehensive income.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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IT equipment |
- |
33.33 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of the financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Tangible assets
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Computer equipment |
Total |
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£ |
£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
950 |
950 |
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_______ |
_______ |
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Depreciation |
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At 1 January 2022 and 31 December 2022 |
950 |
950 |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2022 |
- |
- |
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_______ |
_______ |
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At 31 December 2021 |
- |
- |
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_______ |
_______ |
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6.
Debtors
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2022 |
2021 |
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£ |
£ |
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Trade debtors |
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7,428 |
- |
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Other debtors |
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7,500 |
- |
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_______ |
_______ |
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14,928 |
- |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2022 |
2021 |
|
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£ |
£ |
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Taxes |
|
9,783 |
14,154 |
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Other creditors |
|
22,309 |
37,942 |
|
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|
_______ |
_______ |
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32,092 |
52,096 |
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_______ |
_______ |
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