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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
Page
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Thor Fire Control Ltd Company Information for the year ended 31 December 2023
Director
A Budhram
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
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Thor Fire Control Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,480 
16,624 
Current assets
Debtors
54,016 
106,862 
Cash at bank and in hand
216,582 
253,541 
270,598 
360,403 
Creditors: amounts falling due within one year
(9,102)
(28,491)
Net current assets
261,496 
331,912 
Net assets
274,976 
348,536 
Capital and reserves
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
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Thor Fire Control Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
Turnover
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
Leased assets
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.
Financial instruments
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.
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Thor Fire Control Ltd Notes to the Accounts for the year ended 31 December 2023
Pension costs
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.
4
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 
Depreciation
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 
Net book value
At 31 December 2023
13,167 
(1)
- 
314 
13,480 
At 31 December 2022
15,996 
(1)
- 
629 
16,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,990 
85,436 
Amounts due from group undertakings etc.
19,123 
18,523 
Other debtors
2,903 
2,903 
54,016 
106,862 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
12,859 
4,030 
Trade creditors
3,423 
1,475 
Taxes and social security
(6,217)
23,948 
Other creditors
(963)
(962)
9,102 
28,491 
7
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.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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