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Company Registration No. SC511679 (Scotland)
Thirst Craft Ltd Unaudited accounts for the year ended 31 July 2024
Thirst Craft Ltd Unaudited accounts Contents
Page
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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
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Thirst Craft Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
29,469 
- 
Tangible assets
124,212 
123,361 
153,681 
123,361 
Current assets
Debtors
1,088,147 
644,763 
Cash at bank and in hand
357,731 
577,961 
1,445,878 
1,222,724 
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 
Capital and reserves
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
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Thirst Craft Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 August 2023
10,500 
- 
10,500 
Additions
- 
30,000 
30,000 
At 31 July 2024
10,500 
30,000 
40,500 
Amortisation
At 1 August 2023
10,500 
- 
10,500 
Charge for the year
- 
531 
531 
At 31 July 2024
10,500 
531 
11,031 
Net book value
At 31 July 2024
- 
29,469 
29,469 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
977,362 
600,474 
Accrued income and prepayments
76,596 
44,289 
Other debtors
34,189 
- 
1,088,147 
644,763 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
124,256 
57,715 
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 
Accruals
41,617 
93,969 
Deferred income
329,481 
23,680 
735,791 
500,227 
8
Average number of employees
During the year the average number of employees was 43 (2023: 28).
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