Company Registration No. 11109294 (England and Wales)
Thomascuts Limited
Unaudited accounts
for the year ended 31 December 2023
Thomascuts Limited
Unaudited accounts
Contents
Thomascuts Limited
Company Information
for the year ended 31 December 2023
Company Number
11109294 (England and Wales)
Registered Office
7 Goldcrest Close
London
SE28 8JA
Accountants
Total Accounting Solutions Limited
68 Habgood Road
Loughton
Essex
IG10 1HE
Thomascuts Limited
Statement of financial position
as at 31 December 2023
Tangible assets
9,643
15,169
Cash at bank and in hand
7,645
1,401
Creditors: amounts falling due within one year
(14,400)
(14,187)
Net current liabilities
(6,755)
(12,786)
Total assets less current liabilities
2,888
2,383
Provisions for liabilities
Deferred tax
(1,832)
(2,750)
Net assets/(liabilities)
1,056
(367)
Called up share capital
100
100
Profit and loss account
956
(467)
Shareholders' funds
1,056
(367)
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 13 September 2024 and were signed on its behalf by
Nathan Thomas
Director
Company Registration No. 11109294
Thomascuts Limited
Notes to the Accounts
for the year ended 31 December 2023
Thomascuts Limited is a private company, limited by shares, registered in England and Wales, registration number 11109294. The registered office is 7 Goldcrest Close, London, SE28 8JA.
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.
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. Turnover from the rendering of services is recognised by reference to the date the work is performed.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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% Straight Line
Motor vehicles
25% Straight Line
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 director has indicated his willingness to continue to support the business for 12 months from the date of signing.
Thomascuts Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
9,962
20,700
30,662
At 31 December 2023
12,183
20,700
32,883
At 1 January 2023
5,143
10,350
15,493
Charge for the year
2,572
5,175
7,747
At 31 December 2023
7,715
15,525
23,240
At 31 December 2023
4,468
5,175
9,643
At 31 December 2022
4,819
10,350
15,169
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,710
806
Other creditors
8,250
11,000
Loans from directors
307
56
6
Deferred taxation
2023
2022
Accelerated capital allowances
1,832
2,750
Provision at start of year
2,750
-
(Credited)/charged to the profit and loss account
(918)
2,750
Provision at end of year
1,832
2,750
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Average number of employees
During the year the average number of employees was 3 (2022: 4).