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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
Page
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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
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Thirsty Brands Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,569 
- 
Current assets
Inventories
51,758 
57,441 
Debtors
75,705 
75,705 
Cash at bank and in hand
11,917 
5,801 
139,380 
138,947 
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)
Net assets
17,228 
18,905 
Capital and reserves
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
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Thirsty Brands Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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.
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.
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.
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Thirsty Brands Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,000 
Additions
2,092 
At 31 December 2023
3,092 
Depreciation
At 1 January 2023
1,000 
Charge for the year
523 
At 31 December 2023
1,523 
Net book value
At 31 December 2023
1,569 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,811 
68,811 
Other debtors
6,894 
6,894 
75,705 
75,705 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
- 
VAT
26,108 
23,123 
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 
88,893 
82,525 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,828 
37,517 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
The Director D. McNabb controls the company as a result of controlling directly 100% of the issued share capital.
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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).
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