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REGISTERED NUMBER: 05998577 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Harry Thursby Limited

Harry Thursby Limited (Registered number: 05998577)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Harry Thursby Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: P Thursby
J K Thursby
H Thursby





SECRETARY: J K Thursby





REGISTERED OFFICE: 8-10 Holmeside
Sunderland
SR1 3JE





REGISTERED NUMBER: 05998577 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Harry Thursby Limited (Registered number: 05998577)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316 438

CURRENT ASSETS
Stocks 16,249 6,985
Debtors 5 12,322 3,578
Cash at bank and in hand 171,870 201,282
200,441 211,845
CREDITORS
Amounts falling due within one year 6 59,375 64,130
NET CURRENT ASSETS 141,066 147,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,382

148,153

PROVISIONS FOR LIABILITIES 60 83
NET ASSETS 141,322 148,070

CAPITAL AND RESERVES
Called up share capital 7 62 72
Capital redemption reserve 38 28
Retained earnings 141,222 147,970
SHAREHOLDERS' FUNDS 141,322 148,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Harry Thursby Limited (Registered number: 05998577)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





H Thursby - Director


Harry Thursby Limited (Registered number: 05998577)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Harry Thursby Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at market rate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Harry Thursby Limited (Registered number: 05998577)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,492
DEPRECIATION
At 1 January 2023 2,054
Charge for year 122
At 31 December 2023 2,176
NET BOOK VALUE
At 31 December 2023 316
At 31 December 2022 438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,584 -
Other debtors 2,738 3,578
12,322 3,578

Harry Thursby Limited (Registered number: 05998577)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,531 20,846
Taxation and social security 17,721 29,571
Other creditors 21,123 13,713
59,375 64,130

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL A Ordinary £1 - 5
NIL B Ordinary £1 - 5
62 C Ordinary £1 62 62
62 72

8. ULTIMATE PARENT COMPANY

The ultimate parent company is Harry Thursby Holdings Limited (formerly Harry Thursby Limited) incorporated in the UK the registered office 8-10 Holmeside Sunderland SR1 3JE.