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REGISTERED NUMBER: 03450502 (England and Wales)















THAYMAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






THAYMAR LIMITED (REGISTERED NUMBER: 03450502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THAYMAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: E Woodcock
T Cheetham
T H Woodcock





SECRETARY: E Woodcock





REGISTERED OFFICE: Haughton Park Farm
Nr Bothamsall
Retford
Nottinghamshire
DN22 8DB





REGISTERED NUMBER: 03450502 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

THAYMAR LIMITED (REGISTERED NUMBER: 03450502)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 743,839 514,031

CURRENT ASSETS
Inventories 208,113 155,180
Debtors 5 44,195 61,586
Cash at bank and in hand 86,954 28,268
339,262 245,034
CREDITORS
Amounts falling due within one year 6 246,896 215,013
NET CURRENT ASSETS 92,366 30,021
TOTAL ASSETS LESS CURRENT LIABILITIES 836,205 544,052

CREDITORS
Amounts falling due after more than one year 7 (211,548 ) (22,925 )

PROVISIONS FOR LIABILITIES (101,761 ) (44,309 )
NET ASSETS 522,896 476,818

CAPITAL AND RESERVES
Called up share capital 9 4,080 4,080
Capital redemption reserve 20 20
Retained earnings 518,796 472,718
SHAREHOLDERS' FUNDS 522,896 476,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:




E Woodcock - Director


THAYMAR LIMITED (REGISTERED NUMBER: 03450502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Thaymar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue is measured at the fair value of the consideration received or receivable for the manufacture and sale of ice cream, and also the operation of a team room. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the delivery of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue excludes discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Inventories
Inventories and work in progress are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THAYMAR LIMITED (REGISTERED NUMBER: 03450502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 336,800 351,244 688,044
Additions - 332,055 332,055
Disposals - (129,016 ) (129,016 )
At 31 December 2024 336,800 554,283 891,083
DEPRECIATION
At 1 January 2024 - 174,013 174,013
Charge for year - 34,256 34,256
Eliminated on disposal - (61,025 ) (61,025 )
At 31 December 2024 - 147,244 147,244
NET BOOK VALUE
At 31 December 2024 336,800 407,039 743,839
At 31 December 2023 336,800 177,231 514,031


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,869 52,640
Other debtors 19,326 8,946
44,195 61,586

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,366 18,744
Hire purchase contracts 75,226 21,111
Trade creditors 61,190 29,024
Taxation and social security 7,699 90,612
Other creditors 91,415 55,522
246,896 215,013

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,181 22,925
Hire purchase contracts 207,367 -
211,548 22,925

THAYMAR LIMITED (REGISTERED NUMBER: 03450502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 282,593 21,111

The hire purchase agreements are secured against the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary £1 80 80
1,000 A Redeemable £1 1,000 1,000
1,000 B Redeemable £1 1,000 1,000
1,000 C Redeemable £1 1,000 1,000
1,000 D Redeemable £1 1,000 1,000
4,080 4,080