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THISTLE PROPERTY MAINTENANCE SERVICES LTD

Registered Number
05654809
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

THISTLE PROPERTY MAINTENANCE SERVICES LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

BUTTERLY, James Alan

Company Secretary

FRATER, Lynn

Registered Address

381 Midsummer Boulevard
Milton Keynes
MK9 3HP

Registered Number

05654809 (England and Wales)
THISTLE PROPERTY MAINTENANCE SERVICES LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets388,44164,242
88,44164,242
Current assets
Debtors265,629287,692
Cash at bank and on hand32,89157,062
298,520344,754
Creditors amounts falling due within one year4(15,498)(35,254)
Net current assets (liabilities)283,022309,500
Total assets less current liabilities371,463373,742
Net assets371,463373,742
Capital and reserves
Called up share capital11
Profit and loss account371,462373,741
Shareholders' funds371,463373,742
The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:
BUTTERLY, James Alan
Director
Registered Company No. 05654809
THISTLE PROPERTY MAINTENANCE SERVICES LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2460,0007,59718,1336,63592,365
Additions--25,08345025,533
At 31 December 2460,0007,59743,2167,085117,898
Depreciation and impairment
At 01 January 24-7,18417,0353,90428,123
Charge for year-837974541,334
At 31 December 24-7,26717,8324,35829,457
Net book value
At 31 December 2460,00033025,3842,72788,441
At 31 December 2360,0004131,0982,73164,242
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,1701,150
Bank borrowings and overdrafts-1,424
Taxation and social security13,32831,806
Accrued liabilities and deferred income1,000874
Total15,49835,254
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.