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Company Registration No. 06010086 (England and Wales)
Thumbprint Embroidery Limited Unaudited accounts for the year ended 31 December 2023
Thumbprint Embroidery Limited Unaudited accounts Contents
Page
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Thumbprint Embroidery Limited Company Information for the year ended 31 December 2023
Director
Peter Rathbone
Company Number
06010086 (England and Wales)
Registered Office
Unit 2 Willowburn Industrial Estate Alnwick Northumberland NE66 2PF
Accountants
MGW Tax Services Ltd 124 City Road London EC1V 2NX
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Thumbprint Embroidery Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,427 
4,423 
Current assets
Inventories
1,719 
1,719 
Debtors
- 
719 
Cash at bank and in hand
12,142 
12,100 
13,861 
14,538 
Creditors: amounts falling due within one year
(14,171)
(22,735)
Net current liabilities
(310)
(8,197)
Total assets less current liabilities
2,117 
(3,774)
Creditors: amounts falling due after more than one year
(5,000)
(5,000)
Provisions for liabilities
Deferred tax
(186)
(282)
Net liabilities
(3,069)
(9,056)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,169)
(9,156)
Shareholders' funds
(3,069)
(9,056)
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 10 September 2024 and were signed on its behalf by
Peter Rathbone Director Company Registration No. 06010086
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Thumbprint Embroidery Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Thumbprint Embroidery Limited is a private company, limited by shares, registered in England and Wales, registration number 06010086. The registered office is Unit 2, Willowburn Industrial Estate, Alnwick, Northumberland, NE66 2PF.
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.
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 reducing balance
Fixtures & fittings
25% on reducing balance
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.
Deferred taxation
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.
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.
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Thumbprint Embroidery Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
12,773 
10,500 
3,770 
27,043 
At 31 December 2023
12,773 
10,500 
3,770 
27,043 
Depreciation
At 1 January 2023
12,590 
6,626 
3,404 
22,620 
Charge for the year
46 
968 
982 
1,996 
At 31 December 2023
12,636 
7,594 
4,386 
24,616 
Net book value
At 31 December 2023
137 
2,906 
(616)
2,427 
At 31 December 2022
183 
3,874 
366 
4,423 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
719 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,984 
15,800 
VAT
1,214 
- 
Trade creditors
- 
15,216 
Taxes and social security
3,235 
3,047 
Loans from directors
738 
(11,328)
14,171 
22,735 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Accruals
5,000 
5,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
During the year the company paid dividends of £5,000 to P Rathbone, the director of the company.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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