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Registered number: 13350197
The Thin White Duke Limited
Unaudited Financial Statements
For the Period 1 May 2023 to 21 April 2024
djca Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of The Thin White Duke Limited For the Period 1 May 2023 to 21 April 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Thin White Duke Limited which comprise the Profit and Loss Account, the 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 of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of The Thin White Duke Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Thin White Duke Limited and state those matters that we have agreed to state to the director of The Thin White Duke Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Thin White Duke Limited and its director as a body for our work or for this report.
It is your duty to ensure that The Thin White Duke 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 or loss of The Thin White Duke Limited . You consider that The Thin White Duke Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of The Thin White Duke 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 financial statements.
Signed
Robert Fiford FCCA
20/01/2025
djca Limited
ACCA
154-160 Fleet Street
London
EC4A 2DQ
Page 1
Page 2
Balance Sheet
Registered number: 13350197
21 April 2024 30 April 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 336,520 380,825
Investments 5 1 1
336,521 380,826
CURRENT ASSETS
Stocks 6 3,606 3,218
Debtors 7 188,156 139,716
Cash at bank and in hand 12,155 12,168
203,917 155,102
Creditors: Amounts Falling Due Within One Year 8 (182,521 ) (140,133 )
NET CURRENT ASSETS (LIABILITIES) 21,396 14,969
TOTAL ASSETS LESS CURRENT LIABILITIES 357,917 395,795
Creditors: Amounts Falling Due After More Than One Year 9 (17,363 ) -
NET ASSETS 340,554 395,795
CAPITAL AND RESERVES
Called up share capital 10 150 150
Share premium account 699,955 699,955
Profit and Loss Account (359,551 ) (304,310 )
SHAREHOLDERS' FUNDS 340,554 395,795
Page 2
Page 3
For the period ending 21 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Almonte
Director
20/01/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Thin White Duke Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13350197 . The registered office is Flat K, 59 Warwick Square, London, SW1V 2AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The Directors and investors have given assurance of continued support and the accounts have therefore been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the period of the lease
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2023: 6)
7 6
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 356,929 44,962 27,553 7,527 436,971
Additions - - 992 2,005 2,997
Disposals - - - (1,999 ) (1,999 )
As at 21 April 2024 356,929 44,962 28,545 7,533 437,969
Depreciation
As at 1 May 2023 41,988 7,669 3,863 2,626 56,146
Provided during the period 35,076 5,262 3,463 2,724 46,525
Disposals - - - (1,222 ) (1,222 )
As at 21 April 2024 77,064 12,931 7,326 4,128 101,449
Net Book Value
As at 21 April 2024 279,865 32,031 21,219 3,405 336,520
As at 1 May 2023 314,941 37,293 23,690 4,901 380,825
5. Investments
Subsidiaries
£
Cost
As at 1 May 2023 1
As at 21 April 2024 1
Provision
As at 1 May 2023 -
As at 21 April 2024 -
Net Book Value
As at 21 April 2024 1
As at 1 May 2023 1
6. Stocks
21 April 2024 30 April 2023
£ £
Stock 3,606 3,218
Page 5
Page 6
7. Debtors
21 April 2024 30 April 2023
£ £
Due within one year
Trade debtors - 1,998
Prepayments and accrued income 12,068 8,077
Other debtors 23,598 20,701
Amounts owed by subsidiaries 152,490 108,940
188,156 139,716
8. Creditors: Amounts Falling Due Within One Year
21 April 2024 30 April 2023
£ £
Trade creditors 12,617 1,569
Other taxes and social security 39,121 22,781
VAT 57,061 11,313
Other creditors 10,918 7,775
Accruals and deferred income 6,400 4,468
Director's loan account 56,404 92,227
182,521 140,133
9. Creditors: Amounts Falling Due After More Than One Year
21 April 2024 30 April 2023
£ £
Other loans 17,363 -
10. Share Capital
21 April 2024 30 April 2023
£ £
Allotted, Called up and fully paid 150 150
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
21 April 2024 30 April 2023
£ £
Not later than one year 30,000 15,000
30,000 15,000
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