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
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
UK Thrive Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
457,486
295,831
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
Net assets
423,697
321,028
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
UK Thrive Ltd
Notes to the Accounts
for the period from 1 April 2023 to 30 June 2024
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.
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.
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:
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
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.
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 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.
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 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 31 March 2023
83,185
8,110
91,295
Amounts falling due within one year
Trade debtors
82,758
13,666
Accrued income and prepayments
320
1,958
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
97,030
50,694
Loans from directors
3,125
5,075
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).