Company Registration No. 08333291 (England and Wales)
Thor Fire Control Ltd
Unaudited accounts
for the year ended 31 December 2023
Thor Fire Control Ltd
Unaudited accounts
Contents
Thor Fire Control Ltd
Company Information
for the year ended 31 December 2023
Company Number
08333291 (England and Wales)
Registered Office
160 CITY ROAD
LONDON
EC1V 2NX
ENGLAND
Accountants
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
Thor Fire Control Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
13,480
16,624
Cash at bank and in hand
216,582
253,541
Creditors: amounts falling due within one year
(9,102)
(28,491)
Net current assets
261,496
331,912
Net assets
274,976
348,536
Called up share capital
200
200
Profit and loss account
274,776
348,336
Shareholders' funds
274,976
348,536
For the year ending 31 December 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 7 June 2004 and were signed on its behalf by
A Budhram
Director
Company Registration No. 08333291
Thor Fire Control Ltd
Notes to the Accounts
for the year ended 31 December 2023
Thor Fire Control Ltd is a private company, limited by shares, registered in England and Wales, registration number 08333291. The registered office is 160 CITY ROAD, LONDON, EC1V 2NX, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
10% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Thor Fire Control Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
28,291
56,800
567
17,671
103,329
At 31 December 2023
28,291
56,800
567
17,671
103,329
At 1 January 2023
12,295
56,801
567
17,042
86,705
Charge for the year
2,829
-
-
315
3,144
At 31 December 2023
15,124
56,801
567
17,357
89,849
At 31 December 2023
13,167
(1)
-
314
13,480
At 31 December 2022
15,996
(1)
-
629
16,624
Amounts falling due within one year
Trade debtors
31,990
85,436
Amounts due from group undertakings etc.
19,123
18,523
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,423
1,475
Taxes and social security
(6,217)
23,948
Other creditors
(963)
(962)
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Transactions with related parties
Thor Consultancy Ltd (also owned by A Budhram) owes the company £21,673 (2022 - £18,523) at the year end, for assets transferred.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).