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THAW LTD

Registered Number
12303436
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

THAW LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

ARCHER, Matthew David
ATKINSON, Joey

Registered Address

Unit 5 Unit 5, Ashley Business Centre
Hanworth Lane
Chertsey
KT16 9GF

Registered Number

12303436 (England and Wales)
THAW LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3213,410185,436
213,410185,436
Current assets
Stocks463,018-
Debtors284,149148,868
Cash at bank and on hand137,082240,275
484,249389,143
Creditors amounts falling due within one year5(239,833)(236,240)
Net current assets (liabilities)244,416152,903
Total assets less current liabilities457,826338,339
Creditors amounts falling due after one year6(167,431)(101,563)
Net assets290,395236,776
Capital and reserves
Called up share capital11
Profit and loss account290,394236,775
Shareholders' funds290,395236,776
The financial statements were approved and authorised for issue by the Board of Directors on 31 July 2025, and are signed on its behalf by:
ARCHER, Matthew David
Director
Registered Company No. 12303436
THAW LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year1210
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 235,630236,1692,765244,564
Additions4,055132,213-136,268
Revaluations(5,630)(89,987)-(95,617)
At 30 November 244,055278,3952,765285,215
Depreciation and impairment
At 01 December 233,56554,57698759,128
Charge for year1,67442,95063245,256
On disposals(4,691)(27,888)-(32,579)
At 30 November 2454869,6381,61971,805
Net book value
At 30 November 243,507208,7571,146213,410
At 30 November 232,065181,5931,778185,436
4.Stocks

2024

2023

££
Raw materials and consumables63,018-
Total63,018-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables161,40591,711
Taxation and social security14,64417,303
Finance lease and HP contracts18,289-
Other creditors30,355104,644
Accrued liabilities and deferred income15,14022,582
Total239,833236,240
6.Creditors: amounts due after one year

2024

2023

££
Other creditors167,431101,563
Total167,431101,563
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts172,53393,099
The total of finance lease and hire purchases balances due at 30 November 2024.