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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
Page
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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
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ThreadBear Design Ltd Statement of financial position as at 29 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,284 
4,379 
Tangible assets
9,687 
10,838 
12,971 
15,217 
Current assets
Inventories
1,618,058 
1,394,620 
Debtors
325,543 
192,320 
Cash at bank and in hand
25,673 
20,898 
1,969,274 
1,607,838 
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
Deferred tax
(1,323)
(931)
Net assets
160,925 
357,186 
Capital and reserves
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
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ThreadBear Design Ltd Notes to the Accounts for the year ended 29 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost
At 30 March 2022
7,105 
At 29 March 2023
7,105 
Amortisation
At 30 March 2022
2,726 
Charge for the year
1,095 
At 29 March 2023
3,821 
Net book value
At 29 March 2023
3,284 
At 29 March 2022
4,379 
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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 
Additions
475 
4,095 
4,570 
At 29 March 2023
16,525 
10,520 
27,045 
Depreciation
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 
Net book value
At 29 March 2023
4,117 
5,570 
9,687 
At 29 March 2022
7,436 
3,402 
10,838 
6
Debtors
2023 
2022 
£ 
£ 
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 
325,543 
192,320 
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 
1,795,146 
1,231,341 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,851 
33,597 
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ThreadBear Design Ltd Notes to the Accounts for the year ended 29 March 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr N Shirley
Directors Loan
19,857 
74,000 
61,138 
32,719 
Mrs D Hanson
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.
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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