Thrust Publishing Ltd 06825394 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is Publishing of consumer and business journals and periodicals. Digita Accounts Production Advanced 6.30.9574.0 true 06825394 2024-03-01 2025-02-28 06825394 2025-02-28 06825394 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2025-02-28 06825394 core:RetainedEarningsAccumulatedLosses 2025-02-28 06825394 core:ShareCapital 2025-02-28 06825394 core:CurrentFinancialInstruments 2025-02-28 06825394 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 06825394 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 06825394 core:FurnitureFittingsToolsEquipment 2025-02-28 06825394 core:MotorVehicles 2025-02-28 06825394 bus:SmallEntities 2024-03-01 2025-02-28 06825394 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06825394 bus:AbridgedAccounts 2024-03-01 2025-02-28 06825394 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06825394 bus:RegisteredOffice 2024-03-01 2025-02-28 06825394 bus:Director2 2024-03-01 2025-02-28 06825394 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2024-03-01 2025-02-28 06825394 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06825394 bus:Agent1 2024-03-01 2025-02-28 06825394 core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 06825394 core:ShareCapital 2024-03-01 2025-02-28 06825394 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 06825394 core:MotorVehicles 2024-03-01 2025-02-28 06825394 core:OfficeEquipment 2024-03-01 2025-02-28 06825394 core:Vehicles 2024-03-01 2025-02-28 06825394 countries:AllCountries 2024-03-01 2025-02-28 06825394 2024-02-29 06825394 core:RetainedEarningsAccumulatedLosses 2024-02-29 06825394 core:ShareCapital 2024-02-29 06825394 core:FurnitureFittingsToolsEquipment 2024-02-29 06825394 core:MotorVehicles 2024-02-29 06825394 2023-03-01 2024-02-29 06825394 2024-02-29 06825394 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2024-02-29 06825394 core:CurrentFinancialInstruments 2024-02-29 06825394 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06825394 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 06825394 core:FurnitureFittingsToolsEquipment 2024-02-29 06825394 core:MotorVehicles 2024-02-29 06825394 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 06825394 core:ShareCapital 2023-03-01 2024-02-29 06825394 2023-02-28 06825394 core:RetainedEarningsAccumulatedLosses 2023-02-28 06825394 core:ShareCapital 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06825394

Thrust Publishing Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 28 February 2025

 

Thrust Publishing Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Abridged Financial Statements

7 to 10

 

Thrust Publishing Ltd

Company Information

Director

Mr James Edward ROBERTSON

Registered office

183 Kingston Road
London
SW19 1LH

Accountants

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax AdvisorsThe Long Lodge 265-269 Kingston Road
Wimbledon
London
Wimbledon
SW19 3NW

 

Thrust Publishing Ltd

Director's Report for the Year Ended 28 February 2025

The director presents his report and the abridged financial statements for the year ended 28 February 2025.

Director of the company

The director who held office during the year was as follows:

Mr James Edward ROBERTSON

Principal activity

The principal activity of the company is Publishing of consumer and business journals and periodicals.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 May 2025
 

.........................................
Mr James Edward ROBERTSON
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Thrust Publishing Ltd
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thrust Publishing Ltd for the year ended 28 February 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Thrust Publishing Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Thrust Publishing Ltd and state those matters that we have agreed to state to the Board of Directors of Thrust Publishing Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thrust Publishing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Thrust Publishing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Thrust Publishing Ltd. You consider that Thrust Publishing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Thrust Publishing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge 265-269 Kingston Road
Wimbledon
London
Wimbledon
SW19 3NW

31 May 2025

 

Thrust Publishing Ltd

(Registration number: 06825394)
Abridged Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

94,479

116,577

Current assets

 

Stocks

6

-

10,416

Debtors

1,547,208

304,480

Cash at bank and in hand

 

515,123

377,850

 

2,062,331

692,746

Prepayments and accrued income

 

-

800

Creditors: Amounts falling due within one year

(560,850)

(126,803)

Net current assets

 

1,501,481

566,743

Total assets less current liabilities

 

1,595,960

683,320

Creditors: Amounts falling due after more than one year

-

(200,000)

Accruals and deferred income

 

(544)

(988)

Net assets

 

1,595,416

482,332

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

1,595,415

482,331

Shareholders' funds

 

1,595,416

482,332

For the financial year ending 28 February 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 May 2025
 

 

Thrust Publishing Ltd

(Registration number: 06825394)
Abridged Balance Sheet as at 28 February 2025

.........................................
Mr James Edward ROBERTSON
Director

 

Thrust Publishing Ltd

Statement of Changes in Equity for the Year Ended 28 February 2025

Share capital
£

Retained earnings
£

Total
£

At 1 March 2024

1

482,331

482,332

Profit for the year

-

1,113,084

1,113,084

At 28 February 2025

1

1,595,415

1,595,416

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

11

571,832

571,843

Loss for the year

-

(89,501)

(89,501)

Purchase of own share capital

(10)

-

(10)

At 29 February 2024

1

482,331

482,332

 

Thrust Publishing Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in england.

The address of its registered office is:
183 Kingston Road
London
SW19 1LH

These financial statements were authorised for issue by the director on 31 May 2025.

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 abridged 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 abridged 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.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Thrust Publishing Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Motor Vehicles

20 % WDV

Office Equipment

25% WDV

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Thrust Publishing Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 20 (2024 - 20).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

26,463

44,281

 

Thrust Publishing Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2025

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

191,330

67,040

258,370

Additions

4,364

-

4,364

At 28 February 2025

195,694

67,040

262,734

Depreciation

At 1 March 2024

128,385

13,408

141,793

Charge for the year

15,736

10,726

26,462

At 28 February 2025

144,121

24,134

168,255

Carrying amount

At 28 February 2025

51,573

42,906

94,479

At 29 February 2024

62,945

53,632

116,577

6

Stocks

2025
£

2024
£

Other inventories

-

10,416

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1