21 01/07/2023 30/06/2024 2024-06-30 false false false false false false false true false false true false false false false false false false 2023-07-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08246784 2023-07-01 2024-06-30 08246784 2024-06-30 08246784 2023-06-30 08246784 2022-07-01 2023-06-30 08246784 2023-06-30 08246784 2022-06-30 08246784 bus:RegisteredOffice 2023-07-01 2024-06-30 08246784 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 08246784 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 08246784 bus:Director1 2023-07-01 2024-06-30 08246784 bus:Director2 2023-07-01 2024-06-30 08246784 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 08246784 core:FurnitureFittingsToolsEquipment 2023-06-30 08246784 core:MotorVehicles 2023-06-30 08246784 core:LandBuildings core:LongLeaseholdAssets 2024-06-30 08246784 core:FurnitureFittingsToolsEquipment 2024-06-30 08246784 core:MotorVehicles 2024-06-30 08246784 core:DeferredTaxation 2023-07-01 2024-06-30 08246784 core:WithinOneYear 2024-06-30 08246784 core:WithinOneYear 2023-06-30 08246784 core:AfterOneYear 2024-06-30 08246784 core:AfterOneYear 2023-06-30 08246784 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30 08246784 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08246784 core:MotorVehicles 2023-07-01 2024-06-30 08246784 core:ShareCapital 2024-06-30 08246784 core:ShareCapital 2023-06-30 08246784 core:RetainedEarningsAccumulatedLosses 2024-06-30 08246784 core:RetainedEarningsAccumulatedLosses 2023-06-30 08246784 bus:OrdinaryShareClass1 core:ShareCapital 2024-06-30 08246784 bus:OrdinaryShareClass1 core:ShareCapital 2023-06-30 08246784 core:BetweenOneFiveYears 2024-06-30 08246784 core:BetweenOneFiveYears 2023-06-30 08246784 core:MoreThanFiveYears 2024-06-30 08246784 core:MoreThanFiveYears 2023-06-30 08246784 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 08246784 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 08246784 core:LandBuildings core:LongLeaseholdAssets 2023-06-30 08246784 core:FurnitureFittingsToolsEquipment 2023-06-30 08246784 core:MotorVehicles 2023-06-30 08246784 core:DeferredTaxation 2023-06-30 08246784 core:DeferredTaxation 2024-06-30 08246784 bus:SmallEntities 2023-07-01 2024-06-30 08246784 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08246784 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08246784 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08246784 bus:FullAccounts 2023-07-01 2024-06-30 08246784 core:LandBuildings core:ShortLeaseholdAssets 2023-07-01 2024-06-30 08246784 core:PlantMachinery 2023-07-01 2024-06-30
Thirsty Meeples Ltd
Filleted accounts
30 June 2024
Company registration number: 08246784
Thirsty Meeples Ltd
Directors and other information
Directors J Morgan
Z Morgan
Company number 08246784
Registered office The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Accountants Cox Hinkins & Co. Limited
Accountants and Taxation Advisors
The Old Dairy
12 Stephen Road
Headington
Oxford
OX3 9AY
Thirsty Meeples Ltd
Balance sheet
30th June 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 54,079 64,665
_______ _______
54,079 64,665
Current assets
Stocks 135,064 143,719
Debtors 6 29,870 24,883
Cash at bank and in hand 74,790 92,800
_______ _______
239,724 261,402
Creditors: amounts falling due
within one year 7 ( 155,640) ( 196,272)
_______ _______
Net current assets 84,084 65,130
_______ _______
Total assets less current liabilities 138,163 129,795
Creditors: amounts falling due
after more than one year 8 ( 14,167) ( 24,167)
Provisions for liabilities 9 ( 6,052) ( 7,674)
_______ _______
Net assets 117,944 97,954
_______ _______
Capital and reserves
Called up share capital 11 2 2
Profit and loss account 117,942 97,952
_______ _______
Shareholders funds 117,944 97,954
_______ _______
For the 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
J Morgan
Director
Company registration number: 08246784
Thirsty Meeples Ltd
Notes to the financial statements
Year ended 30th June 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of a board games cafe and retailer .
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold properties - Straight line basis over the life of the lease
Equipment - Reducing balance basis at 25% per annum
Computer equipment - Straight line basis at 25% per annum
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2023: 21 ).
5. Tangible assets
Leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st July 2023 50,629 104,195 20,583 175,407
Additions - 6,201 - 6,201
Disposals - ( 12,299) - ( 12,299)
_______ _______ _______ _______
At 30th June 2024 50,629 98,097 20,583 169,309
_______ _______ _______ _______
Depreciation
At 1st July 2023 30,404 74,549 5,789 110,742
Charge for the year 3,175 9,913 3,699 16,787
Disposals - ( 12,299) - ( 12,299)
_______ _______ _______ _______
At 30th June 2024 33,579 72,163 9,488 115,230
_______ _______ _______ _______
Carrying amount
At 30th June 2024 17,050 25,934 11,095 54,079
_______ _______ _______ _______
At 30th June 2023 20,225 29,646 14,794 64,665
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 29,870 24,883
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loan 10,000 10,000
Trade creditors 78,115 72,144
Social security and other taxes 31,299 62,193
Other creditors 36,226 51,935
_______ _______
155,640 196,272
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loan 14,167 24,167
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1st July 2023 7,674 7,674
Additions ( 1,622) ( 1,622)
_______ _______
At 30th June 2024 6,052 6,052
_______ _______
10. Deferred tax
The deferred tax included in the Balance sheet is as follows:
2024 2023
£ £
Included in provisions (note 9) 6,052 7,674
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 6,052 7,674
_______ _______
11. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
12. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 101,075 97,925
Later than 1 year and not later than 5 years 408,500 407,450
Later than 5 years 52,066 154,191
_______ _______
561,641 659,566
_______ _______