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COMPANY REGISTRATION NUMBER: 05608356
Thame One Stop Limited
Filleted Unaudited Financial Statements
31 March 2024
Thame One Stop Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,172
1,563
Current assets
Stocks
876
1,421
Debtors
6
1,242
2,787
Cash at bank and in hand
88,684
74,894
--------
--------
90,802
79,102
Creditors: amounts falling due within one year
7
27,673
43,735
--------
--------
Net current assets
63,129
35,367
--------
--------
Total assets less current liabilities
64,301
36,930
--------
--------
Net assets
64,301
36,930
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
64,201
36,830
--------
--------
Shareholders funds
64,301
36,930
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Thame One Stop Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Mr J Stanley
Director
Company registration number: 05608356
Thame One Stop Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
12,103
8,296
20,399
--------
-------
--------
Depreciation
At 1 April 2023
10,608
8,228
18,836
Charge for the year
374
17
391
--------
-------
--------
At 31 March 2024
10,982
8,245
19,227
--------
-------
--------
Carrying amount
At 31 March 2024
1,121
51
1,172
--------
-------
--------
At 31 March 2023
1,495
68
1,563
--------
-------
--------
6. Debtors
2024
2023
£
£
Other debtors
1,242
2,787
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,200
5,800
Corporation tax
13,561
11,926
Social security and other taxes
2,849
3,059
Other creditors
6,063
22,950
--------
--------
27,673
43,735
--------
--------