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REGISTERED NUMBER: 13480002 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

THL Accountancy Ltd

THL Accountancy Ltd (Registered number: 13480002)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


THL Accountancy Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P J H B Thatcher





REGISTERED OFFICE: 303 Goring Road
Goring-by-Sea
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 13480002 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
THL Accountancy Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of THL Accountancy Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of THL Accountancy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of THL Accountancy Ltd and state those matters that we have agreed to state to the director of THL Accountancy Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THL Accountancy Ltd and its director for our work or for this report.

It is your duty to ensure that THL Accountancy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of THL Accountancy Ltd. You consider that THL Accountancy Ltd 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 financial statements of THL Accountancy Ltd. 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 financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


22 November 2024

THL Accountancy Ltd (Registered number: 13480002)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,833 44,833
Tangible assets 5 21,031 35,900
60,864 80,733

CURRENT ASSETS
Stocks 46,109 59,498
Debtors 6 197,729 333,280
Cash at bank and in hand 65,843 17,216
309,681 409,994
CREDITORS
Amounts falling due within one year 7 218,375 273,941
NET CURRENT ASSETS 91,306 136,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,170

216,786

CREDITORS
Amounts falling due after more than one
year

8

119,012

200,000
NET ASSETS 33,158 16,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,058 16,686
33,158 16,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

THL Accountancy Ltd (Registered number: 13480002)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





P J H B Thatcher - Director


THL Accountancy Ltd (Registered number: 13480002)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

THL Accountancy Ltd 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.

The company has not met the qualifying conditions for a micro-entity for two consecutive years, and therefore has ceased to qualify to apply the standard FRS 105. The comparative information has been restated from 1 July 2022 in accordance with FRS 102.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 3 years straight line
Fixtures and fittings - 3 years straight line
Computer equipment - 3 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


THL Accountancy Ltd (Registered number: 13480002)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 50,000
AMORTISATION
At 1 July 2023 5,167
Amortisation for year 5,000
At 30 June 2024 10,167
NET BOOK VALUE
At 30 June 2024 39,833
At 30 June 2023 44,833

THL Accountancy Ltd (Registered number: 13480002)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 4,333 35,921 19,446 59,700
Additions - - 5,516 5,516
At 30 June 2024 4,333 35,921 24,962 65,216
DEPRECIATION
At 1 July 2023 1,805 14,967 7,028 23,800
Charge for year 1,444 11,974 6,967 20,385
At 30 June 2024 3,249 26,941 13,995 44,185
NET BOOK VALUE
At 30 June 2024 1,084 8,980 10,967 21,031
At 30 June 2023 2,528 20,954 12,418 35,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 166,687 125,241
Other debtors 31,042 208,039
197,729 333,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,406 27,296
Taxation and social security 57,835 30,067
Other creditors 77,134 216,578
218,375 273,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 119,012 200,000