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Company Registration No. 11109294 (England and Wales)
Thomascuts Limited Unaudited accounts for the year ended 31 December 2022
Thomascuts Limited Unaudited accounts Contents
Page
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Thomascuts Limited Company Information for the year ended 31 December 2022
Director
Nathan Thomas
Company Number
11109294 (England and Wales)
Registered Office
7 Goldcrest Close London SE28 8JA
Accountants
Total Accounting Solutions Limited 68 Habgood Road Loughton Essex IG10 1HE
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Thomascuts Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,169 
17,859 
Current assets
Debtors
- 
245 
Cash at bank and in hand
1,401 
5,599 
1,401 
5,844 
Creditors: amounts falling due within one year
(14,187)
(25,594)
Net current liabilities
(12,786)
(19,750)
Total assets less current liabilities
2,383 
(1,891)
Provisions for liabilities
Deferred tax
(2,750)
- 
Net liabilities
(367)
(1,891)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(467)
(1,991)
Shareholders' funds
(367)
(1,891)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 13 November 2023 and were signed on its behalf by
Nathan Thomas Director Company Registration No. 11109294
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Thomascuts Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Thomascuts Limited is a private company, limited by shares, registered in England and Wales, registration number 11109294. The registered office is 7 Goldcrest Close, London, SE28 8JA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers. Turnover from the rendering of services is recognised by reference to the date the work is performed.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
Motor vehicles
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The director has indicated his willingness to continue to support the business for 12 months from the date of signing.
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Thomascuts Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
5,091 
20,700 
25,791 
Additions
4,871 
- 
4,871 
At 31 December 2022
9,962 
20,700 
30,662 
Depreciation
At 1 January 2022
2,757 
5,175 
7,932 
Charge for the year
2,386 
5,175 
7,561 
At 31 December 2022
5,143 
10,350 
15,493 
Net book value
At 31 December 2022
4,819 
10,350 
15,169 
At 31 December 2021
2,334 
15,525 
17,859 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
245 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,225 
1,313 
Taxes and social security
806 
304 
Other creditors
11,000 
20,204 
Loans from directors
56 
2,788 
Accruals
1,100 
985 
14,187 
25,594 
7
Average number of employees
During the year the average number of employees was 4 (2021: 3).
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