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Registration number: 14268677

THRSR Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

THRSR Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

THRSR Limited

(Registration number: 14268677)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

32,000

36,000

Tangible assets

5

33,750

45,000

 

65,750

81,000

Current assets

 

Debtors

6

46,916

53,518

Creditors: Amounts falling due within one year

7

(149,581)

(151,735)

Net current liabilities

 

(102,665)

(98,217)

Net liabilities

 

(36,915)

(17,217)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(37,015)

(17,317)

Shareholders' deficit

 

(36,915)

(17,217)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 May 2025
 

.........................................
Mr SJ Beaumont
Director

 

THRSR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Walley Street Buildings
Walley Street
Stoke-On-Trent
Staffordshire
ST6 2AH
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

THRSR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 year straight line

 

THRSR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

40,000

40,000

At 31 August 2024

40,000

40,000

Amortisation

At 1 September 2023

4,000

4,000

Amortisation charge

4,000

4,000

At 31 August 2024

8,000

8,000

Carrying amount

At 31 August 2024

32,000

32,000

At 31 August 2023

36,000

36,000

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

60,000

60,000

At 31 August 2024

60,000

60,000

Depreciation

At 1 September 2023

15,000

15,000

Charge for the year

11,250

11,250

At 31 August 2024

26,250

26,250

Carrying amount

At 31 August 2024

33,750

33,750

At 31 August 2023

45,000

45,000

 

THRSR Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

4,483

Prepayments

26,496

29,468

Other debtors

20,420

19,567

 

46,916

53,518

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,283

Amounts due to related parties

121,920

120,000

Accruals

 

27,661

30,452

 

149,581

151,735