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REGISTERED NUMBER: 01340480 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THAMAL LIMITED

THAMAL LIMITED (REGISTERED NUMBER: 01340480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THAMAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: P M Fry
T E P Fry
Mrs J A Pascall





SECRETARY: Mrs J A Pascall





REGISTERED OFFICE: A Simmonds
102 County Square
ASHFORD
Kent
TN23 1AE





REGISTERED NUMBER: 01340480 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

THAMAL LIMITED (REGISTERED NUMBER: 01340480)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,228 525,191
Investments 5 8,247 7,913
530,475 533,104

CURRENT ASSETS
Stocks 1,722,217 1,464,623
Debtors 6 66,627 66,790
Cash at bank and in hand 707,330 1,289,044
2,496,174 2,820,457
CREDITORS
Amounts falling due within one year 7 299,608 448,138
NET CURRENT ASSETS 2,196,566 2,372,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,727,041

2,905,423

PROVISIONS FOR LIABILITIES 9 - 5,535
NET ASSETS 2,727,041 2,899,888

CAPITAL AND RESERVES
Called up share capital 10 69 69
Capital redemption reserve 21 21
Retained earnings 2,726,951 2,899,798
SHAREHOLDERS' FUNDS 2,727,041 2,899,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

THAMAL LIMITED (REGISTERED NUMBER: 01340480)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:





P M Fry - Director


THAMAL LIMITED (REGISTERED NUMBER: 01340480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Thamal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - Over the period of the lease
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Fixed asset investments have been stated at their fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THAMAL LIMITED (REGISTERED NUMBER: 01340480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme. Consequently the annual instalments charged to the profit and loss account are fixed under the terms of the scheme and the company has no potential liability other than for the payment of those instalments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold Short and Motor
property leasehold equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 467,483 270,829 315,543 72,311 1,126,166
Additions - - 17,644 81,940 99,584
Disposals - - (46,099 ) (70,215 ) (116,314 )
At 30 September 2023 467,483 270,829 287,088 84,036 1,109,436
DEPRECIATION
At 1 October 2022 121,934 187,880 250,566 40,595 600,975
Charge for year 9,350 25,601 11,509 20,485 66,945
Eliminated on disposal - - (40,118 ) (40,594 ) (80,712 )
At 30 September 2023 131,284 213,481 221,957 20,486 587,208
NET BOOK VALUE
At 30 September 2023 336,199 57,348 65,131 63,550 522,228
At 30 September 2022 345,549 82,949 64,977 31,716 525,191

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 3,113 4,800 7,913
Additions 336 - 336
Revaluations (2 ) - (2 )
At 30 September 2023 3,447 4,800 8,247
NET BOOK VALUE
At 30 September 2023 3,447 4,800 8,247
At 30 September 2022 3,113 4,800 7,913

THAMAL LIMITED (REGISTERED NUMBER: 01340480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2001 - (2,500 ) (2,500 )
Valuation in 2015 1,760 - 1,760
Valuation in 2016 (726 ) - (726 )
Valuation in 2017 1,507 - 1,507
Valuation in 2018 (2,429 ) - (2,429 )
Valuation in 2019 (199 ) - (199 )
Valuation in 2020 (1,145 ) - (1,145 )
Valuation in 2021 583 - 583
Valuation in 2022 (2,559 ) - (2,559 )
Valuation in 2023 (2 ) - (2 )
Cost 6,657 7,300 13,957
3,447 4,800 8,247

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors and prepayments 66,627 66,790

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 101,864 122,875
Tax - 94,061
Social security and other taxes 165,145 145,034
Other creditors and accrued expenses 32,326 84,036
Director's current account 273 2,132
299,608 448,138

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 87,500 119,583
Between one and five years 337,500 350,000
In more than five years 25,000 100,000
450,000 569,583

THAMAL LIMITED (REGISTERED NUMBER: 01340480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,854 5,535
Losses available for future
relief (4,854 ) -
- 5,535

Deferred
tax
£   
Balance at 1 October 2022 5,535
Movement in year (5,535 )
Balance at 30 September 2023 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
69 Ordinary £1 69 69