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Registered Number: SC713079


 

 

 

THRIV LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 31 October 2022

End date: 29 October 2023
 
 
Notes
 
2023
£
  2022
£
Current assets      
Stocks 3 75,997    95,209 
Debtors 4   8,948 
Cash at bank and in hand 95,735    14,201 
171,732    118,358 
Creditors: amount falling due within one year 5 (140,980)   (102,621)
Net current assets 30,752    15,737 
 
Total assets less current liabilities 30,752    15,737 
Net assets 30,752    15,737 
 

Capital and reserves
     
Called up share capital 6 1    1 
Profit and loss account 30,751    15,736 
Shareholders' funds 30,752    15,737 
 


For the period ended 29 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 October 2024 and were signed by:


-------------------------------
ALAVALA Charishma
Director
1
General Information
THRIV LTD is a private company, limited by shares, registered in , registration number SC713079, registration address 34D CASTLEGATE, JEDBURGH SCOTTISH BORDERS, TD8 6BB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 7 (2022 : 18).
3.

Stocks

2023
£
  2022
£
Stocks 75,997    95,209 
75,997    95,209 

4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Amount Owed by Group Undertakings   8,948 
  8,948 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 116,310    76,358 
Corporation Tax 7,213    3,691 
PAYE & Social Security 1,325    4,283 
Accrued Expenses 1,310    900 
Wages & Salaries Control Account 7,003   
Directors' Current Accounts 6,106    15,500 
VAT 1,713    1,889 
140,980    102,621 

6.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

2