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Registration number: 06840329

The Thirst Alternative Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 29 February 2024

 

The Thirst Alternative Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Notes to the Unaudited Abridged Financial Statements

6 to 9

 

The Thirst Alternative Limited

Company Information

Director

Mr C Daniels

Registered office

186 St Mary Street
Latchford
Warrington
Cheshire
WA4 1EL

Accountants

Braken Limited
28 Edward Gardens
Warrington
Cheshire
WA1 4QT

 

The Thirst Alternative Limited

Director's Report for the Year Ended 29 February 2024

The director presents his report and the abridged financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

Mr C Daniels

Principal activity

The principal activity of the company is is the provision and maintenance of water coolers.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 November 2024
 

.........................................
Mr C Daniels
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Thirst Alternative Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Thirst Alternative Limited for the year ended 29 February 2024 as set out on pages 4 to 9 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Thirst Alternative Limited, as a body, in accordance with the terms of our engagement letter dated 11 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of The Thirst Alternative Limited and state those matters that we have agreed to state to the Board of Directors of The Thirst Alternative Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Thirst Alternative Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Thirst Alternative Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Thirst Alternative Limited. You consider that The Thirst Alternative Limited 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 accounts of The Thirst Alternative Limited. 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 accounts.

......................................

Braken Limited
28 Edward Gardens
Warrington
Cheshire
WA1 4QT

27 November 2024

 

The Thirst Alternative Limited

(Registration number: 06840329)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

68,187

71,935

Current assets

 

Stocks

5

-

600

Debtors

31,474

21,604

Cash at bank and in hand

 

3,180

5,206

 

34,654

27,410

Prepayments and accrued income

 

2,488

1,790

Creditors: Amounts falling due within one year

6

(42,811)

(53,099)

Net current liabilities

 

(5,669)

(23,899)

Total assets less current liabilities

 

62,518

48,036

Creditors: Amounts falling due after more than one year

7

(3,750)

(6,750)

Accruals and deferred income

 

(780)

(740)

Net assets

 

57,988

40,546

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

56,988

39,546

Shareholders' funds

 

57,988

40,546

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

The Thirst Alternative Limited

(Registration number: 06840329)
Abridged Balance Sheet as at 29 February 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2024
 

.........................................

Mr C Daniels

Director

 

The Thirst Alternative Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
186 St Mary Street
Latchford
Warrington
Cheshire
WA4 1EL
United Kingdom

These financial statements were authorised for issue by the director on 27 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Fixtures and fittings

15% on reducing balance

Computer equipment

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

The Thirst Alternative Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

The Thirst Alternative Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

109,425

Additions

18,003

Disposals

(9,322)

At 29 February 2024

118,106

Depreciation

At 1 March 2023

37,490

Charge for the year

19,352

Eliminated on disposal

(6,923)

At 29 February 2024

49,919

Carrying amount

At 29 February 2024

68,187

At 28 February 2023

71,935

5

Stocks

2024
£

2023
£

Other inventories

-

600

6

Creditors: amounts falling due within one year

Included within Creditors amounts falling due within one year is a bounceback loan provided by the companies bank with a nominal interest rate of 2.5% p.a. The carrying amount at year end is £3,000 (2023 - £3,000).

 

The Thirst Alternative Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

7

Creditors: amounts falling due after more than one year

Included within Creditors amounts falling due after more than one year is a bounceback loan provided by the companies bank with a nominal interest rate of 2.5% p.a. The carrying amount at year end is £3,750 (2023 - £6,750).