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REGISTERED NUMBER: 03324382 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THURSTON MANAGEMENT SERVICES LTD

THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THURSTON MANAGEMENT SERVICES LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr C K W Thurston





SECRETARY: Mr C K Thurston





REGISTERED OFFICE: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT





REGISTERED NUMBER: 03324382 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,877,348 1,704,556
Investments 6 272,150 106,150
2,149,499 1,810,707

CURRENT ASSETS
Stocks 140,000 113,974
Debtors 7 497,431 585,492
Cash at bank and in hand 543,582 761,163
1,181,013 1,460,629
CREDITORS
Amounts falling due within one year 8 (203,720 ) (481,810 )
NET CURRENT ASSETS 977,293 978,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,126,792

2,789,526

CREDITORS
Amounts falling due after more than
one year

9

(891,143

)

(798,418

)

PROVISIONS FOR LIABILITIES (165,000 ) (165,000 )
NET ASSETS 2,070,649 1,826,108

THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)

Balance Sheet - continued
31 DECEMBER 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 2,070,519 1,825,978
SHAREHOLDERS' FUNDS 2,070,649 1,826,108

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 director acknowledges his 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.

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 director and authorised for issue on 26 September 2024 and were signed by:





Mr C K W Thurston - Director


THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Thurston Management Services Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2022 - 15 ) .

THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 592,195 1,562,567 105,302 20,499 2,280,563
Additions - 186,800 - 126,137 312,937
At 31 December 2023 592,195 1,749,367 105,302 146,636 2,593,500
DEPRECIATION
At 1 January 2023 - 500,127 68,905 6,975 576,007
Charge for year - 125,145 10,000 5,000 140,145
At 31 December 2023 - 625,272 78,905 11,975 716,152
NET BOOK VALUE
At 31 December 2023 592,195 1,124,095 26,397 134,661 1,877,348
At 31 December 2022 592,195 1,062,440 36,397 13,524 1,704,556

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 106,150
Additions 166,000
At 31 December 2023 272,150
NET BOOK VALUE
At 31 December 2023 272,150
At 31 December 2022 106,150

THURSTON MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 03324382)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Inter co account 496,231 509,288
Trade debtors 1,200 -
VAT - 76,204
497,431 585,492

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 33,399
Hire purchase contracts 23,288 -
Trade creditors 104,932 247,556
Tax 29,176 66,930
VAT 38,324 -
Directors' current accounts - 22,311
Accrued expenses 8,000 111,614
203,720 481,810

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 46,000 18,995
Bank loans - 2-5 years 747,903 779,423
Hire purchase contracts 97,240 -
891,143 798,418

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Thurston Management Services Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thurston Management Services Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Thurston Management Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thurston Management Services Ltd and state those matters that we have agreed to state to the director of Thurston Management Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thurston Management Services Ltd and its director for our work or for this report.

It is your duty to ensure that Thurston Management Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Thurston Management Services Ltd. You consider that Thurston Management Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Thurston Management Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


26 September 2024