Company Registration No. SC511679 (Scotland)
Thirst Craft Ltd
Unaudited accounts
for the year ended 31 July 2024
Thirst Craft Ltd
Unaudited accounts
Contents
Thirst Craft Ltd
Company Information
for the year ended 31 July 2024
Directors
Matthew Burns
Christopher Black
Company Number
SC511679 (Scotland)
Registered Office
93 WEST GEORGE STREET
GLASGOW
G2 1PB
SCOTLAND
Thirst Craft Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
29,469
-
Tangible assets
124,212
123,361
Cash at bank and in hand
357,731
577,961
Creditors: amounts falling due within one year
(735,791)
(500,227)
Net current assets
710,087
722,497
Total assets less current liabilities
863,768
845,858
Provisions for liabilities
Deferred tax
(23,604)
(23,590)
Net assets
840,164
822,268
Called up share capital
10,000
10,000
Capital redemption reserve
(9,895)
(9,895)
Profit and loss account
840,059
822,163
Shareholders' funds
840,164
822,268
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Christopher Black
Director
Company Registration No. SC511679
Thirst Craft Ltd
Notes to the Accounts
for the year ended 31 July 2024
Thirst Craft Ltd is a private company, limited by shares, registered in Scotland, registration number SC511679. The registered office is 93 WEST GEORGE STREET, GLASGOW, G2 1PB, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
20% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Other
Total
At 1 August 2023
10,500
-
10,500
At 31 July 2024
10,500
30,000
40,500
At 1 August 2023
10,500
-
10,500
Charge for the year
-
531
531
At 31 July 2024
10,500
531
11,031
At 31 July 2024
-
29,469
29,469
Thirst Craft Ltd
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
10,845
28,093
47,281
122,872
209,091
Additions
-
896
-
33,218
34,114
At 31 July 2024
10,845
28,989
47,281
156,090
243,205
At 1 August 2023
8,825
6,985
17,877
52,043
85,730
Charge for the year
1,885
2,915
4,728
23,735
33,263
At 31 July 2024
10,710
9,900
22,605
75,778
118,993
At 31 July 2024
135
19,089
24,676
80,312
124,212
At 31 July 2023
2,020
21,108
29,404
70,829
123,361
Amounts falling due within one year
Trade debtors
977,362
600,474
Accrued income and prepayments
76,596
44,289
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
39,770
85,770
Taxes and social security
184,957
177,373
Other creditors
15,631
61,225
Loans from directors
79
495
Deferred income
329,481
23,680
8
Average number of employees
During the year the average number of employees was 43 (2023: 28).