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Registered number: 07774897
Thrussingtons Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
CKH Accounts
St Michaels Farmhouse
1 Stonesby Road
Saltby
LE14 4RF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07774897
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,063 3,673
3,063 3,673
CURRENT ASSETS
Stocks 5 6,500 6,750
Debtors 6 770 646
Cash at bank and in hand 5,097 9,678
12,367 17,074
Creditors: Amounts Falling Due Within One Year 7 (25,313 ) (25,948 )
NET CURRENT ASSETS (LIABILITIES) (12,946 ) (8,874 )
TOTAL ASSETS LESS CURRENT LIABILITIES (9,883 ) (5,201 )
Creditors: Amounts Falling Due After More Than One Year 8 (18,200 ) (19,551 )
NET LIABILITIES (28,083 ) (24,752 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (28,085 ) (24,754 )
SHAREHOLDERS' FUNDS (28,083) (24,752)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Joanna Meacock
Director
23/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thrussingtons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07774897 . The registered office is 39 The Green, Thrussington, Leicester, LE7 4UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 5
5 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 9,937 6,124 10,454 791 27,306
As at 31 August 2024 9,937 6,124 10,454 791 27,306
Depreciation
As at 1 September 2023 9,254 6,124 7,714 541 23,633
Provided during the period - - 548 62 610
As at 31 August 2024 9,254 6,124 8,262 603 24,243
Net Book Value
As at 31 August 2024 683 - 2,192 188 3,063
As at 1 September 2023 683 - 2,740 250 3,673
5. Stocks
2024 2023
£ £
Finished goods 6,500 6,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 599
Prepayments and accrued income 770 -
Other taxes and social security - 47
770 646
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,442 16,984
Bank loans and overdrafts 4,889 6,983
Other taxes and social security 45 -
VAT 1,831 1,351
Net wages - 90
Accruals and deferred income 370 280
Director's loan account 1,736 260
25,313 25,948
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,200 19,551
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5