Registered number
12165787
THINGS PLACES MESSAGES LIMITED
Filleted Accounts
31 August 2024
THINGS PLACES MESSAGES LIMITED
Registered number: 12165787
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,446 1,764
Current assets
Stocks 695 1,085
Debtors 4 17,009 15,369
Cash at bank and in hand 530 352
18,234 16,806
Creditors: amounts falling due within one year 5 (2,392) (1,672)
Net current assets 15,842 15,134
Total assets less current liabilities 17,288 16,898
Creditors: amounts falling due after more than one year 6 (38,662) (38,747)
Net liabilities (21,374) (21,849)
Capital and reserves
Called up share capital 1 1
Profit and loss account (21,375) (21,850)
Shareholder's funds (21,374) (21,849)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Atakan MERCAN
Director
Approved by the board on 7 May 2025
THINGS PLACES MESSAGES LIMITED
Notes to the Accounts
for the year ended 31 August 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Tools and equipment 18% reducing balance
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.
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.
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 1 1
3 Tangible fixed assets
Tools & equipment
£
Cost
At 1 September 2023 2,998
At 31 August 2024 2,998
Depreciation
At 1 September 2023 1,234
Charge for the year 318
At 31 August 2024 1,552
Net book value
At 31 August 2024 1,446
At 31 August 2023 1,764
4 Debtors 2024 2023
£ £
Trade debtors 940 940
Prepayments & other debtors 16,069 14,429
17,009 15,369
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,392 1,672
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 38,662 38,747
7 Other information
THINGS PLACES MESSAGES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Blackhorse Workshop
1 Sutherland Road Path
London
E17 6BX
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