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Company Registration No. 13051188 (England and Wales)
The Thread Connect Ltd Unaudited accounts for the year ended 30 November 2023
The Thread Connect Ltd Unaudited accounts Contents
Page
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The Thread Connect Ltd Company Information for the year ended 30 November 2023
Director
Mr Drew Bussey
Company Number
13051188 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
Accountants
DB Accountancy Ltd 15 Owlscastle Close Horsham West Sussex RH12 5YA
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The Thread Connect Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
171 
Current assets
Inventories
14,000 
21,875 
Debtors
- 
1,922 
Cash at bank and in hand
1,343 
2,084 
15,343 
25,881 
Creditors: amounts falling due within one year
(7,486)
(20,557)
Net current assets
7,857 
5,324 
Total assets less current liabilities
7,857 
5,495 
Creditors: amounts falling due after more than one year
(7,854)
(3,591)
Net assets
3 
1,904 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2 
1,903 
Shareholders' funds
3 
1,904 
For the year ending 30 November 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 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 6 March 2024 and were signed on its behalf by
Mr Drew Bussey Director Company Registration No. 13051188
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The Thread Connect Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
The Thread Connect Ltd is a private company, limited by shares, registered in England and Wales, registration number 13051188. The registered office is 124 City Road, London, EC1V 2NX.
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:
Computer equipment
straight line - 33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
502 
At 30 November 2023
502 
Depreciation
At 1 December 2022
331 
Charge for the year
171 
At 30 November 2023
502 
Net book value
At 30 November 2023
- 
At 30 November 2022
171 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,922 
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The Thread Connect Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,433 
17,181 
VAT
1,874 
- 
Taxes and social security
3,179 
3,226 
Accruals
- 
150 
7,486 
20,557 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
7,854 
3,591 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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