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REGISTERED NUMBER: 12587033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

THISTLE MASONRY LTD

THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THISTLE MASONRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A J Thistle





REGISTERED OFFICE: 94 Lackford Avenue
Totton
Southampton
SO40 9DH





REGISTERED NUMBER: 12587033 (England and Wales)





ACCOUNTANTS: Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE

THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,871 22,113

CURRENT ASSETS
Debtors 5 222,202 135,550
Cash in hand 49,145 94,808
271,347 230,358
CREDITORS
Amounts falling due within one year 6 65,545 33,660
NET CURRENT ASSETS 205,802 196,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,673

218,811

CREDITORS
Amounts falling due after more than one
year

7

-

(3,292

)

PROVISIONS FOR LIABILITIES (2,560 ) -
NET ASSETS 214,113 215,519

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 213,113 214,519
SHAREHOLDERS' FUNDS 214,113 215,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)

BALANCE SHEET - continued
31 MAY 2024


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 19 November 2024 and were signed by:





A J Thistle - Director


THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Thistle Masonry 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 on a going concern basis and 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. The supply of goods are recognised when the goods are delivered. The supply of services are recognised when the services are supplied.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 43,700
Additions 5,603
Disposals (9,000 )
At 31 May 2024 40,303
DEPRECIATION
At 1 June 2023 21,587
Charge for year 12,345
Eliminated on disposal (4,500 )
At 31 May 2024 29,432
NET BOOK VALUE
At 31 May 2024 10,871
At 31 May 2023 22,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 70,951 79,512
Other debtors 151,251 56,038
222,202 135,550

Other debtors includes a £13,000 insurance claim relating to year ending 31st May 2024 which was paid after the year end.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Finance leases 3,293 4,370
Trade creditors 6,649 336
Taxation and social security 29,991 28,954
Other creditors 25,612 -
65,545 33,660

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Finance leases - 3,292

THISTLE MASONRY LTD (REGISTERED NUMBER: 12587033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
A J Thistle
Balance outstanding at start of year - -
Amounts advanced 88,443 22,479
Amounts repaid (102,364 ) (22,479 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,921 ) -

Directors' loans have been charged interest at the official rate.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THISTLE MASONRY 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 Thistle Masonry Ltd for the year ended 31 May 2024 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 Thistle Masonry Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Thistle Masonry Ltd and state those matters that we have agreed to state to the director of Thistle Masonry 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 Thistle Masonry Ltd and its director for our work or for this report.

It is your duty to ensure that Thistle Masonry 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 Thistle Masonry Ltd. You consider that Thistle Masonry 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 Thistle Masonry 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.






Hamble Accountancy Ltd
9 Kingfisher Close
Hamble
Southampton
SO31 4PE


19 November 2024