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HOME COUNTIES MASTER THATCHERS LIMITED

Registered Number
04275465
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

HOME COUNTIES MASTER THATCHERS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

BIGGS, Barry John

Registered Address

20 Teal Close
West Hansbury
Northampton
NN4 9XF

Registered Number

04275465 (England and Wales)
HOME COUNTIES MASTER THATCHERS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets45,0666,674
5,0666,674
Current assets
Stocks57,28513,760
Debtors21,29814,563
Cash at bank and on hand14,99318,313
43,57646,636
Creditors amounts falling due within one year6(46,500)(36,309)
Net current assets (liabilities)(2,924)10,327
Total assets less current liabilities2,14217,001
Provisions for liabilities7(963)(1,268)
Net assets1,17915,733
Capital and reserves
Called up share capital1010
Profit and loss account1,16915,723
Shareholders' funds1,17915,733
The financial statements were approved and authorised for issue by the Director on 30 September 2024, and are signed on its behalf by:
BIGGS, Barry John
Director
Registered Company No. 04275465
HOME COUNTIES MASTER THATCHERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings20
Plant and machinery20
Fixtures and fittings20
Vehicles25
Office Equipment25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2314,00014,000
At 31 March 2414,00014,000
Amortisation and impairment
At 01 April 2314,00014,000
At 31 March 2414,00014,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 April 231,30840,56717,5124,0893,23366,709
At 31 March 241,30840,56717,5124,0893,23366,709
Depreciation and impairment
At 01 April 231,29339,44113,3564,0251,92060,035
Charge for year32251,039133281,608
At 31 March 241,29639,66614,3954,0382,24861,643
Net book value
At 31 March 24129013,117519855,066
At 31 March 23151,1264,156641,3136,674
5.Stocks

2024

2023

££
Finished goods7,28513,760
Total7,28513,760
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,1502,522
Bank borrowings and overdrafts23,74923,749
Taxation and social security9,523960
Other creditors9,0789,078
Total46,50036,309
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9631,268
Total9631,268