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Company No: 03694270 (England and Wales)

THIRST DESIGN AND MARKETING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

THIRST DESIGN AND MARKETING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

THIRST DESIGN AND MARKETING LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
THIRST DESIGN AND MARKETING LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTORS N Cattermull
S Holloway
REGISTERED OFFICE 90-98 High Street
Odiham
Hook
RG29 1LP
United Kingdom
COMPANY NUMBER 03694270 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
THIRST DESIGN AND MARKETING LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
THIRST DESIGN AND MARKETING LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 29,687 18,077
Tangible assets 4 12,856 15,751
42,543 33,828
Current assets
Debtors 5 185,480 288,148
Cash at bank and in hand 253,429 200,379
438,909 488,527
Creditors: amounts falling due within one year 6 ( 161,395) ( 125,634)
Net current assets 277,514 362,893
Total assets less current liabilities 320,057 396,721
Creditors: amounts falling due after more than one year 7 ( 14,304) ( 24,303)
Net assets 305,753 372,418
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 304,753 371,418
Total shareholders' funds 305,753 372,418

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Thirst Design and Marketing Limited (registered number: 03694270) were approved and authorised for issue by the Board of Directors on 18 March 2025. They were signed on its behalf by:

N Cattermull
Director
THIRST DESIGN AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
THIRST DESIGN AND MARKETING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Thirst Design and Marketing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 90-98 High Street, Odiham, Hook, RG29 1LP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line
Office equipment 3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Computer software Total
£ £
Cost
At 01 July 2023 22,596 22,596
Additions 20,160 20,160
0 0
At 30 June 2024 42,758 42,758
Accumulated amortisation
At 01 July 2023 4,519 4,519
Charge for the financial year 8,551 8,551
diff 0 0
At 30 June 2024 13,071 13,071
Net book value
At 30 June 2024 29,687 29,687
At 30 June 2023 18,077 18,077

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 01 July 2023 19,835 58,998 78,833
Additions 0 3,598 3,598
Disposals ( 6,438) ( 16,720) ( 23,158)
Difference 0 0 0
At 30 June 2024 13,398 45,876 59,274
Accumulated depreciation
At 01 July 2023 19,835 43,247 63,082
Charge for the financial year 0 6,493 6,493
Disposals ( 6,438) ( 16,720) ( 23,158)
At 30 June 2024 13,398 33,020 46,418
Net book value
At 30 June 2024 0 12,856 12,856
At 30 June 2023 0 15,751 15,751

5. Debtors

2024 2023
£ £
Trade debtors 163,190 228,959
Prepayments and accrued income 12,712 48,736
Other debtors 9,578 10,453
185,480 288,148

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,030 9,030
Trade creditors 808 22,868
Accruals 9,366 12,516
Taxation and social security 68,246 80,991
Other creditors 73,945 229
161,395 125,634

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 14,304 24,303

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 0 20,000