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REGISTERED NUMBER: 08418561 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Thunderbolt Digital Limited

Thunderbolt Digital Limited (Registered number: 08418561)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thunderbolt Digital Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Delilkhan





REGISTERED OFFICE: Suite 4A
Victoria House
South Street
Farnham
Surrey
GU9 7QU





REGISTERED NUMBER: 08418561 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Thunderbolt Digital Limited (Registered number: 08418561)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,550 2,242

CURRENT ASSETS
Debtors 5 153,189 143,342
Cash at bank 26,350 13,790
179,539 157,132
CREDITORS
Amounts falling due within one year 6 132,203 121,896
NET CURRENT ASSETS 47,336 35,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,886

37,478

CREDITORS
Amounts falling due after more than one
year

7

58,013

67,343
NET LIABILITIES (9,127 ) (29,865 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (9,129 ) (29,867 )
SHAREHOLDERS' FUNDS (9,127 ) (29,865 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 29 November 2024 and were signed by:





S Delilkhan - Director


Thunderbolt Digital Limited (Registered number: 08418561)

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

1. STATUTORY INFORMATION

Thunderbolt Digital Limited 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 under the historical cost convention.

Te balance sheet currently shows the company is unable to meet its liabilities as they fall due therefore the director has undertaken to support the company for a period of at least 12 months as such the accounts have been prepared on the going concern basis.

Turnover
Turnover represents income derived from the ordinary activities of the business less discounts and VAT.

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 etc - 25% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Material events effecting trading during and after reporting date
The COVID-19 pandemic is a non-adjusting event as at the period end date, for the purposes of these financial statements - The company has assessed the impact of COVID-19 on its ability to continue as a going concern. The COVID-19 outbreak developed rapidly in 2020 and has caused disruption to business, economic activities and impacted global markets.

Management continues to consider the potential implications of the COVID-19 pandemic, however at this stage it has not had a material impact on any of the balances in the company's financial statements, or the company's ability to trade into the future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

Thunderbolt Digital Limited (Registered number: 08418561)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 17,248
Additions 345
At 29 February 2024 17,593
DEPRECIATION
At 1 March 2023 15,006
Charge for year 1,037
At 29 February 2024 16,043
NET BOOK VALUE
At 29 February 2024 1,550
At 28 February 2023 2,242

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 29,283 34,760
Other debtors 123,906 108,582
153,189 143,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 58,645 64,014
Trade creditors 20,868 28,255
Taxation and social security 43,755 21,059
Other creditors 8,935 8,568
132,203 121,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 58,013 67,343

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Delilkhan.