Company Registration No. 10988333 (England and Wales)
ThreadBear Design Ltd
Unaudited accounts
for the year ended 29 March 2023
ThreadBear Design Ltd
Unaudited accounts
Contents
ThreadBear Design Ltd
Company Information
for the year ended 29 March 2023
Directors
Mr N Shirley
Mrs D Hanson
Company Number
10988333 (England and Wales)
Registered Office
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
Accountants
Direct Peak Ltd
Eventus Sunderland Road
Market Deeping
Peterborough
PE6 8FD
ThreadBear Design Ltd
Statement of financial position
as at 29 March 2023
Intangible assets
3,284
4,379
Tangible assets
9,687
10,838
Inventories
1,618,058
1,394,620
Cash at bank and in hand
25,673
20,898
Creditors: amounts falling due within one year
(1,795,146)
(1,231,341)
Net current assets
174,128
376,497
Total assets less current liabilities
187,099
391,714
Creditors: amounts falling due after more than one year
(24,851)
(33,597)
Provisions for liabilities
Net assets
160,925
357,186
Called up share capital
100
100
Profit and loss account
160,825
357,086
Shareholders' funds
160,925
357,186
For the year ending 29 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
Mr N Shirley
Director
Company Registration No. 10988333
ThreadBear Design Ltd
Notes to the Accounts
for the year ended 29 March 2023
ThreadBear Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 10988333. The registered office is Eventus Sunderland Road, Market Deeping, Peterborough, PE6 8FD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is 25% Reducing Balalnce
4
Intangible fixed assets
Other
ThreadBear Design Ltd
Notes to the Accounts
for the year ended 29 March 2023
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 30 March 2022
16,050
6,425
22,475
At 29 March 2023
16,525
10,520
27,045
At 30 March 2022
8,614
3,023
11,637
Charge for the year
3,794
1,927
5,721
At 29 March 2023
12,408
4,950
17,358
At 29 March 2023
4,117
5,570
9,687
At 29 March 2022
7,436
3,402
10,838
Amounts falling due within one year
Trade debtors
120,685
119,312
Accrued income and prepayments
150,978
33,149
Other debtors
53,880
39,859
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,482
9,861
Trade creditors
1,674,019
1,092,210
Taxes and social security
111,422
128,167
Other creditors
1,223
1,103
8
Creditors: amounts falling due after more than one year
2023
2022
ThreadBear Design Ltd
Notes to the Accounts
for the year ended 29 March 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
19,857
74,000
61,138
32,719
Directors Loan
20,002
33,323
34,890
18,435
39,859
107,323
96,028
51,154
The loans were repaid within 9 months of year-end.
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Average number of employees
During the year the average number of employees was 8 (2022: 8).