Company Registration No. SC511679 (Scotland)
Thirst Craft Ltd
Unaudited accounts
for the year ended 31 July 2023
Thirst Craft Ltd
Unaudited accounts
Contents
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
Thirst Craft Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
123,361
92,853
Cash at bank and in hand
577,961
345,675
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
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
Thirst Craft Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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:
Land & buildings
20% Straight Line
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
600,474
431,732
Accrued income and prepayments
44,289
11,101
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
85,770
40,593
Taxes and social security
177,373
134,206
Loans from directors
495
1,012
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Average number of employees
During the year the average number of employees was 28 (2022: 23).