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REGISTERED NUMBER: 01615326 (England and Wales)
















THREADRIVE COMPONENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






THREADRIVE COMPONENTS LIMITED (REGISTERED NUMBER: 01615326)






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


THREADRIVE COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S.E. Brand
C.T. Clark





SECRETARY: S.E. Brand





REGISTERED OFFICE: Unit 4b, Gloucester Way
Luckyn Lane
Pipps Hill Industrial Estate
Basildon
Essex
SS14 3AX





REGISTERED NUMBER: 01615326 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

THREADRIVE COMPONENTS LIMITED (REGISTERED NUMBER: 01615326)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,512 2,507

CURRENT ASSETS
Stocks 87,955 74,849
Debtors 5 172,651 155,448
Cash at bank 221,849 196,627
482,455 426,924
CREDITORS
Amounts falling due within one year 6 286,941 276,732
NET CURRENT ASSETS 195,514 150,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,026

152,699

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 199,024 152,697
SHAREHOLDERS' FUNDS 199,026 152,699

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 directors acknowledge their 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.

THREADRIVE COMPONENTS LIMITED (REGISTERED NUMBER: 01615326)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





C.T. Clark - Director


THREADRIVE COMPONENTS LIMITED (REGISTERED NUMBER: 01615326)

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

1. STATUTORY INFORMATION

Threadrive Components 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.

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


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.

Turnover
Turnover represents amounts receivable for the sale goods and services net of value added tax and trade discounts.

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 - 20% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making provision for obsolete and slow moving items.

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
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they become payable in accordance with the rules of the scheme.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THREADRIVE COMPONENTS LIMITED (REGISTERED NUMBER: 01615326)

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 5,502
Additions 1,772
At 31 May 2024 7,274
DEPRECIATION
At 1 June 2023 2,995
Charge for year 767
At 31 May 2024 3,762
NET BOOK VALUE
At 31 May 2024 3,512
At 31 May 2023 2,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,651 155,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,314 23,896
Taxation and social security 75,699 31,403
Other creditors 196,928 221,433
286,941 276,732