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Company Registration No. 06555748 (England and Wales)
Thugg Carbon Composites Limited Unaudited accounts for the year ended 30 April 2024
Thugg Carbon Composites Limited Unaudited accounts Contents
Page
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Thugg Carbon Composites Limited Company Information for the year ended 30 April 2024
Director
Peter Hazlehurst
Company Number
06555748 (England and Wales)
Registered Office
Flat 1, Marsh Mead Glebe Road, Buriton Petersfield England GU31 5SB
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Thugg Carbon Composites Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,794 
7,992 
Current assets
Debtors
11,789 
4,653 
Cash at bank and in hand
1 
1,505 
11,790 
6,158 
Creditors: amounts falling due within one year
(14,053)
(7,742)
Net current liabilities
(2,263)
(1,584)
Total assets less current liabilities
4,531 
6,408 
Creditors: amounts falling due after more than one year
(4,452)
(6,175)
Net assets
79 
233 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21)
133 
Shareholders' funds
79 
233 
For the year ending 30 April 2024 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 July 2024 and were signed on its behalf by
Peter Hazlehurst Director Company Registration No. 06555748
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Thugg Carbon Composites Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Thugg Carbon Composites Limited is a private company, limited by shares, registered in England and Wales, registration number 06555748. The registered office is Flat 1, Marsh Mead, Glebe Road, Buriton, Petersfield, England, GU31 5SB.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
7,752 
8,237 
15,989 
At 30 April 2024
7,752 
8,237 
15,989 
Depreciation
At 1 May 2023
3,269 
4,728 
7,997 
Charge for the year
672 
526 
1,198 
At 30 April 2024
3,941 
5,254 
9,195 
Net book value
At 30 April 2024
3,811 
2,983 
6,794 
At 30 April 2023
4,483 
3,509 
7,992 
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Thugg Carbon Composites Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
11,789 
4,653 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,036 
1,845 
Other creditors
7,472 
5,897 
Accruals
545 
- 
14,053 
7,742 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,452 
6,175 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Peter Hazlehurst
Director Loan Account
4,506 
(12,463)
(16,662)
8,705 
4,506 
(12,463)
(16,662)
8,705 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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