Theumi Ltd
Registered number: 10415466
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,582 49,927
Current assets
Stocks 6,940 11,980
Debtors 4 21,658 25,705
Cash at bank and in hand 90,421 136,243
119,019 173,928
Creditors: amounts falling due within one year 5 (47,442) (42,958)
Net current assets 71,577 130,970
Total assets less current liabilities 111,159 180,897
Creditors: amounts falling due after more than one year 6 (36,413) (40,705)
Net assets 74,746 140,192
Capital and reserves
Called up share capital 100 100
Profit and loss account 74,646 140,092
Shareholder's funds 74,746 140,192
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.
B Kim
Director
Approved by the board on 29 May 2025
Theumi Ltd
Notes to the Accounts
for the year ended 31 October 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicle 20% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 16
3 Tangible fixed assets
Plant and machinery etc Motor vehicle Total
£ £ £
Cost
At 1 November 2023 53,870 53,420 107,290
At 31 October 2024 53,870 53,420 107,290
Depreciation
At 1 November 2023 46,679 10,684 57,363
Charge for the year 1,798 8,547 10,345
At 31 October 2024 48,477 19,231 67,708
Net book value
At 31 October 2024 5,393 34,189 39,582
At 31 October 2023 7,191 42,736 49,927
4 Debtors 2024 2023
£ £
Trade debtors 4,353 8,135
Other debtors 17,305 17,570
21,658 25,705
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,278 7,295
Other taxes and social security costs 1,349 2,618
Other creditors 41,815 33,045
47,442 42,958
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 36,413 40,705
7 Other information
Theumi Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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