Company Registration No. 09781801 (England and Wales)
Thirsty Brands Ltd
Unaudited accounts
for the year ended 31 December 2023
Thirsty Brands Ltd
Unaudited accounts
Contents
Thirsty Brands Ltd
Company Information
for the year ended 31 December 2023
Director
David Evans McNabb
Company Number
09781801 (England and Wales)
Registered Office
310D, EW Sterling House
Langston Road
Loughton
IG10 3TS
United Kingdom
Accountants
Capital Talks LLP
Accountants & Tax consultants
310D - EW Sterling House
Langston Road
Loughton
IG10 3TS
Thirsty Brands Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
11,917
5,801
Creditors: amounts falling due within one year
(88,893)
(82,525)
Net current assets
50,487
56,422
Total assets less current liabilities
52,056
56,422
Creditors: amounts falling due after more than one year
(34,828)
(37,517)
Called up share capital
1
1
Profit and loss account
17,227
18,904
Shareholders' funds
17,228
18,905
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 18 February 2024 and were signed on its behalf by
David Evans McNabb
Director
Company Registration No. 09781801
Thirsty Brands Ltd
Notes to the Accounts
for the year ended 31 December 2023
Thirsty Brands Ltd is a private company, limited by shares, registered in England and Wales, registration number 09781801. The registered office is 310D, EW Sterling House, Langston Road, Loughton, IG10 3TS, United Kingdom.
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.
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.
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.
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
25% on cost.
Thirsty Brands Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
68,811
68,811
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,000
-
Obligations under finance leases and hire purchase contracts
433
-
Trade creditors
37,958
39,324
Taxes and social security
17,224
10,869
Loans from directors
4,170
9,209
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The Director D. McNabb controls the company as a result of controlling directly 100% of the issued share capital.
Thirsty Brands Ltd
Notes to the Accounts
for the year ended 31 December 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).