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Company registration number:
04634378
Thimbelina of York
Unaudited Filleted Financial Statements for the year ended
31 January 2023
Thimbelina of York
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Thimbelina of York
Year ended
31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Thimbelina of York
for the year ended
31 January 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Thimbelina of York
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Thimbelina of York
and state those matters that I have agreed to state to the Board of Directors of
Thimbelina of York
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Thimbelina of York
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Thimbelina of York
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Thimbelina of York
. You consider that
Thimbelina of York
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Thimbelina of York. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Jellybean Accounts
Wharfe House
Stretton Grandison
Ledbury
Herefordshire
HR8 2TN
United Kingdom
Date:
21 October 2023
Thimbelina of York
Statement of Financial Position
31 January 2023
20232022
Note££
Fixed assets    
Tangible assets 5
1,506
 
1,883
 
Current assets    
Stocks
750
 
500
 
Debtors 6
4,125
 
4,125
 
Cash at bank and in hand
13,660
 
29,730
 
18,535
 
34,355
 
Creditors: amounts falling due within one year 7
(18,653
)
(25,912
)
Net current (liabilities)/assets
(118
)
8,443
 
Total assets less current liabilities 1,388   10,326  
Creditors: amounts falling due after more than one year 8
(7,233
)
(10,207
)
Net (liabilities)/assets
(5,845
)
119
 
Capital and reserves    
Called up share capital
3
 
3
 
Profit and loss account
(5,848
)
116
 
Shareholders (deficit)/funds
(5,845
)
119
 
For the year ending
31 January 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
21 October 2023
, and are signed on behalf of the board by:
Ms Sarah Ashton
Director
Company registration number:
04634378
Thimbelina of York
Notes to the Financial Statements
Year ended
31 January 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
73 Walmgate
,
York
,
YO1 9TZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
20% reducing balance basis

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2022
and
31 January 2023
8,626
 
Depreciation  
At
1 February 2022
6,743
 
Charge
377
 
At
31 January 2023
7,120
 
Carrying amount  
At
31 January 2023
1,506
 
At 31 January 2022
1,883
 

6 Debtors

20232022
££
Other debtors
4,125
 
4,125
 

7 Creditors: amounts falling due within one year

20232022
££
Bank loans and overdrafts
2,974
 
2,900
 
Taxation and social security
2,617
 
3,095
 
Other creditors
13,062
 
19,917
 
18,653
 
25,912
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
7,233
 
10,207