1 April 2023 false No description of principal activity Taxfiler 2024.5 08372297business:PrivateLimitedCompanyLtd2023-04-012024-06-30 083722972023-03-31 08372297business:EntityNoLongerTradingButTradedInPast2023-04-012024-06-30 083722972023-04-012024-06-30 08372297business:AuditExempt-NoAccountantsReport2023-04-012024-06-30 08372297business:FilletedAccounts2023-04-012024-06-30 083722972024-06-30 08372297business:Director12023-04-012024-06-30 08372297business:Director22023-04-012024-06-30 08372297business:RegisteredOffice2023-04-012024-06-30 083722972023-03-31 08372297core:WithinOneYear2024-06-30 08372297core:WithinOneYear2023-03-31 08372297core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 08372297core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08372297core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 08372297core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08372297core:PreviouslyStatedAmount2024-06-30 08372297core:PreviouslyStatedAmount2023-03-31 08372297business:SmallEntities2023-04-012024-06-30 08372297countries:EnglandWales2023-04-012024-06-30 08372297core:MotorVehicles2023-04-012024-06-30 08372297core:FurnitureFittings2023-04-012024-06-30 08372297core:MotorVehicles2023-03-31 08372297core:FurnitureFittings2023-03-31 08372297core:MotorVehicles2024-06-30 08372297core:FurnitureFittings2024-06-30 083722972022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08372297 (England and Wales)
UK Thrive Ltd Unaudited accounts for the period from 1 April 2023 to 30 June 2024
UK Thrive Ltd Unaudited accounts Contents
Page
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UK Thrive Ltd Company Information for the period from 1 April 2023 to 30 June 2024
Directors
Mr L A Bailey Mrs M Bailey
Company Number
08372297 (England and Wales)
Registered Office
PHOENIX HOUSE TURNPIKE HILL WITHERSFIELD SUFFOLK CB9 7RY ENGLAND
Accountants
First Cloud Accounting Ltd 12 Sheene Grove BRAINTREE Essex CM7 9FS
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UK Thrive Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
91,295 
Current assets
Debtors
83,438 
15,984 
Cash at bank and in hand
457,486 
295,831 
540,924 
311,815 
Creditors: amounts falling due within one year
(117,227)
(60,015)
Net current assets
423,697 
251,800 
Total assets less current liabilities
423,697 
343,095 
Provisions for liabilities
Deferred tax
- 
(22,067)
Net assets
423,697 
321,028 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
423,597 
320,928 
Shareholders' funds
423,697 
321,028 
For the period ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by
Mr L A Bailey Director Company Registration No. 08372297
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UK Thrive Ltd Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
1
Statutory information
UK Thrive Ltd is a private company, limited by shares, registered in England and Wales, registration number 08372297. The registered office is PHOENIX HOUSE, TURNPIKE HILL, WITHERSFIELD, SUFFOLK, CB9 7RY, ENGLAND. The company is in the process of being wound up.
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 period, 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:
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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UK Thrive Ltd Notes to the Accounts for the period from 1 April 2023 to 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
110,913 
24,791 
135,704 
Disposals
(110,913)
(24,791)
(135,704)
At 30 June 2024
- 
- 
- 
Depreciation
At 1 April 2023
27,728 
16,681 
44,409 
Charge for the period
32,350 
2,365 
34,715 
On disposals
(60,078)
(19,046)
(79,124)
At 30 June 2024
- 
- 
- 
Net book value
At 30 June 2024
- 
- 
- 
At 31 March 2023
83,185 
8,110 
91,295 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,758 
13,666 
Accrued income and prepayments
320 
1,958 
Other debtors
360 
360 
83,438 
15,984 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,915 
3,961 
Trade creditors
- 
110 
Taxes and social security
97,030 
50,694 
Other creditors
- 
175 
Loans from directors
3,125 
5,075 
Accruals
1,157 
- 
117,227 
60,015 
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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