Thakral Limited 08469687 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is orthopaedic surgery Digita Accounts Production Advanced 6.30.9574.0 true true 08469687 2023-04-01 2024-03-31 08469687 2024-03-31 08469687 core:RetainedEarningsAccumulatedLosses 2024-03-31 08469687 core:ShareCapital 2024-03-31 08469687 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08469687 core:FurnitureFittingsToolsEquipment 2024-03-31 08469687 bus:SmallEntities 2023-04-01 2024-03-31 08469687 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08469687 bus:FilletedAccounts 2023-04-01 2024-03-31 08469687 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08469687 bus:RegisteredOffice 2023-04-01 2024-03-31 08469687 bus:Director1 2023-04-01 2024-03-31 08469687 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08469687 core:ComputerEquipment 2023-04-01 2024-03-31 08469687 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08469687 countries:EnglandWales 2023-04-01 2024-03-31 08469687 2023-03-31 08469687 core:FurnitureFittingsToolsEquipment 2023-03-31 08469687 2022-04-01 2023-03-31 08469687 2023-03-31 08469687 core:RetainedEarningsAccumulatedLosses 2023-03-31 08469687 core:ShareCapital 2023-03-31 08469687 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08469687 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08469687

Thakral Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Thakral Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Thakral Limited

Company Information

Director

Mr H K Thakral

Registered office

Jabula
Whydown Road
Bexhill On Sea
East Sussex
TN39 4RB

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Thakral Limited

(Registration number: 08469687)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

1,233

Current assets

 

Stocks

5

1,125

985

Cash at bank and in hand

 

37,609

41,380

 

38,734

42,365

Creditors: Amounts falling due within one year

6

(40,244)

(22,830)

Net current (liabilities)/assets

 

(1,510)

19,535

Net (liabilities)/assets

 

(1,510)

20,768

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,610)

20,668

Shareholders' (deficit)/funds

 

(1,510)

20,768

For the financial 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.

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.

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 24 December 2024
 

.........................................
Mr H K Thakral
Director

 

Thakral Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Jabula
Whydown Road
Bexhill On Sea
East Sussex
TN39 4RB

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 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 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.

The presentation currency of the financial statements is the Pound Sterling (£).

 

Thakral Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

Computer equipment

33.33% Straight Line

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.

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.

 

Thakral Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Thakral Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

6,726

6,726

At 31 March 2024

6,726

6,726

Depreciation

At 1 April 2023

5,493

5,493

Charge for the year

1,233

1,233

At 31 March 2024

6,726

6,726

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

1,233

1,233

5

Stocks

2024
£

2023
£

Work in progress

1,125

985

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,782

1,782

Other creditors

38,462

21,048

40,244

22,830