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Company Registration No. SC511679 (Scotland)
Thirst Craft Ltd Unaudited accounts for the year ended 31 July 2023
Thirst Craft Ltd Unaudited accounts Contents
Page
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Thirst Craft Ltd Company Information for the year ended 31 July 2023
Directors
Matthew Burns Christopher Black
Company Number
SC511679 (Scotland)
Registered Office
93 WEST GEORGE STREET GLASGOW G2 1PB SCOTLAND
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Thirst Craft Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
123,361 
92,853 
Current assets
Debtors
644,763 
442,833 
Cash at bank and in hand
577,961 
345,675 
1,222,724 
788,508 
Creditors: amounts falling due within one year
(500,227)
(257,564)
Net current assets
722,497 
530,944 
Total assets less current liabilities
845,858 
623,797 
Provisions for liabilities
Deferred tax
(23,590)
(17,822)
Net assets
822,268 
605,975 
Capital and reserves
Called up share capital
10,000 
10,000 
Capital redemption reserve
(9,895)
(9,895)
Profit and loss account
822,163 
605,870 
Shareholders' funds
822,268 
605,975 
For the year ending 31 July 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 2 January 2024 and were signed on its behalf by
Christopher Black Director Company Registration No. SC511679
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Thirst Craft Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Thirst Craft Ltd is a private company, limited by shares, registered in Scotland, registration number SC511679. The registered office is 93 WEST GEORGE STREET, GLASGOW, G2 1PB, SCOTLAND.
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:
Land & buildings
20% Straight Line
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
10,500 
At 31 July 2023
10,500 
Amortisation
At 1 August 2022
10,500 
At 31 July 2023
10,500 
Net book value
At 31 July 2023
- 
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Thirst Craft Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
10,845 
26,479 
45,181 
69,678 
152,183 
Additions
- 
1,614 
2,100 
53,194 
56,908 
At 31 July 2023
10,845 
28,093 
47,281 
122,872 
209,091 
Depreciation
At 1 August 2022
6,656 
4,293 
13,009 
35,372 
59,330 
Charge for the year
2,169 
2,692 
4,868 
16,671 
26,400 
At 31 July 2023
8,825 
6,985 
17,877 
52,043 
85,730 
Net book value
At 31 July 2023
2,020 
21,108 
29,404 
70,829 
123,361 
At 31 July 2022
4,189 
22,186 
32,172 
34,306 
92,853 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
600,474 
431,732 
Accrued income and prepayments
44,289 
11,101 
644,763 
442,833 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
57,715 
51,123 
Trade creditors
85,770 
40,593 
Taxes and social security
177,373 
134,206 
Other creditors
61,225 
- 
Loans from directors
495 
1,012 
Accruals
93,969 
30,630 
Deferred income
23,680 
- 
500,227 
257,564 
8
Average number of employees
During the year the average number of employees was 28 (2022: 23).
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