Registered number
10730968
Thatchers Croft Limited
Filleted Accounts
30 June 2024
Thatchers Croft Limited
Registered number: 10730968
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,355,521 1,353,702
Current assets
Stocks 2,216,000 1,433,000
Debtors 4 1,074,822 578,537
Cash at bank and in hand 139,750 30,808
3,430,572 2,042,345
Creditors: amounts falling due within one year 5 (3,270,581) (1,771,408)
Net current assets 159,991 270,937
Total assets less current liabilities 1,515,512 1,624,639
Creditors: amounts falling due after more than one year 6 (45,577) -
Net assets 1,469,935 1,624,639
Capital and reserves
Called up share capital 2 2
Revaluation reserve 7 1,149,400 1,149,400
Profit and loss account 320,533 475,237
Shareholders' funds 1,469,935 1,624,639
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J E Neville
Director
Approved by the board on 28 March 2025
Thatchers Croft Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Freehold buildings over 50 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 1,225,050 161,350 8,500 1,394,900
Additions - 25,163 - 25,163
At 30 June 2024 1,225,050 186,513 8,500 1,420,063
Depreciation
At 1 July 2023 - 38,138 3,060 41,198
Charge for the year - 22,256 1,088 23,344
At 30 June 2024 - 60,394 4,148 64,542
Net book value
At 30 June 2024 1,225,050 126,119 4,352 1,355,521
At 30 June 2023 1,225,050 123,212 5,440 1,353,702
4 Debtors 2024 2023
£ £
Trade debtors 437,082 118,746
Other debtors 637,740 459,791
1,074,822 578,537
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,390 29,904
Obligations under finance lease and hire purchase contracts 33,578 62,978
Trade creditors 210,576 168,257
Taxation and social security costs 264,166 238,719
Other creditors 2,752,871 1,271,550
3,270,581 1,771,408
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,000 -
Obligations under finance lease and hire purchase contracts 35,577 -
45,577 -
7 Revaluation reserve 2024 2023
£ £
At 1 July 2023 1,149,400 1,149,400
At 30 June 2024 1,149,400 1,149,400
8 Other information
Thatchers Croft Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lakewood Old Coach Road
Tansley
Matlock
Derbyshire
DE4 5FY
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