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Company Registration No. 10998565 (England and Wales)
Thrive Innovations Ltd Unaudited accounts for the year ended 31 October 2024
Thrive Innovations Ltd Unaudited accounts Contents
Page
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Thrive Innovations Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,348 
33,061 
Investments
14,000 
14,000 
42,348 
47,061 
Current assets
Cash at bank and in hand
507 
3,639 
Creditors: amounts falling due within one year
(18,236)
(2,981)
Net current (liabilities)/assets
(17,729)
658 
Net assets
24,619 
47,719 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,519 
47,619 
Shareholders' funds
24,619 
47,719 
For the year ending 31 October 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 18 March 2025 and were signed on its behalf by
Chandramohan Krishnamurthy Director Company Registration No. 10998565
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Thrive Innovations Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Thrive Innovations Ltd is a private company, limited by shares, registered in England and Wales, registration number 10998565. The registered office is 15 Saffron Close, Earley, Reading, RG6 7JA, England.
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:
Motor vehicles
10% Straightline
Fixtures & fittings
25% Straightline
Computer equipment
25% Straightline
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
14,143 
39,397 
3,091 
56,631 
At 31 October 2024
14,143 
39,397 
3,091 
56,631 
Depreciation
At 1 November 2023
14,144 
7,880 
1,546 
23,570 
Charge for the year
- 
3,940 
773 
4,713 
At 31 October 2024
14,144 
11,820 
2,319 
28,283 
Net book value
At 31 October 2024
(1)
27,577 
772 
28,348 
At 31 October 2023
(1)
31,517 
1,545 
33,061 
5
Investments
Other investments 
£ 
Valuation at 1 November 2023
14,000 
Valuation at 31 October 2024
14,000 
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Thrive Innovations Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
(19)
Taxes and social security
(1,318)
(1,188)
Other creditors
19,554 
4,188 
18,236 
2,981 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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