Registered number
13005574
Quickthyme Nutrition Ltd
Filleted Accounts
30 November 2024
Quickthyme Nutrition Ltd
Registered number: 13005574
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 342 455
Current assets
Cash at bank and in hand 2 730
Creditors: amounts falling due within one year 4 (31,607) (30,503)
Net current liabilities (31,605) (29,773)
Net liabilities (31,263) (29,318)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,363) (29,418)
Shareholder's funds (31,263) (29,318)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M V Penchev
Director
Approved by the board on 14 February 2025
Quickthyme Nutrition Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 December 2023 568
At 30 November 2024 568
Depreciation
At 1 December 2023 113
Charge for the year 113
At 30 November 2024 226
Net book value
At 30 November 2024 342
At 30 November 2023 455
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 31,607 30,503
5 Going concern
These accounts have been prepared on a going concern basis. The director has confirmed that he will continue to provide financial support to the company until such time as it's position improves.
6 Related party transactions
Included within other creditors is the amount of £30,725 owed to the director (2023: £30,502). This amount is undated, unsecured, interest free and repayable upon demand.
7 Controlling party
Mr M V Penchev, as the sole Director and shareholder, is the ultimate controlling party.
8 Other information
Quickthyme Nutrition Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Quickthyme Nutrition Ltd 13005574 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 Mr M V Penchev No description of principal activity 13005574 2022-12-01 2023-11-30 13005574 core:WithinOneYear 2023-11-30 13005574 core:ShareCapital 2023-11-30 13005574 core:RetainedEarningsAccumulatedLosses 2023-11-30 13005574 2023-12-01 2024-11-30 13005574 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13005574 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13005574 bus:Director40 2023-12-01 2024-11-30 13005574 1 2023-12-01 2024-11-30 13005574 2 2023-12-01 2024-11-30 13005574 core:Vehicles 2023-12-01 2024-11-30 13005574 countries:England 2023-12-01 2024-11-30 13005574 bus:FRS102 2023-12-01 2024-11-30 13005574 bus:FilletedAccounts 2023-12-01 2024-11-30 13005574 2024-11-30 13005574 core:WithinOneYear 2024-11-30 13005574 core:ShareCapital 2024-11-30 13005574 core:RetainedEarningsAccumulatedLosses 2024-11-30 13005574 core:Vehicles 2024-11-30 13005574 2023-11-30 13005574 core:Vehicles 2023-11-30 iso4217:GBP xbrli:pure