| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| FOR |
| S. THOROGOOD & SONS (DIRECT) LTD |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| FOR |
| S. THOROGOOD & SONS (DIRECT) LTD |
| S. THOROGOOD & SONS (DIRECT) LTD (REGISTERED NUMBER: 15681721) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| S. THOROGOOD & SONS (DIRECT) LTD |
| COMPANY INFORMATION |
| FOR THE PERIOD 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditor |
| Riverside House |
| 1-5 Como Street |
| Romford |
| Essex |
| RM7 7DN |
| S. THOROGOOD & SONS (DIRECT) LTD (REGISTERED NUMBER: 15681721) |
| BALANCE SHEET |
| 31ST OCTOBER 2024 |
| Notes | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| S. THOROGOOD & SONS (DIRECT) LTD (REGISTERED NUMBER: 15681721) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| S. Thorogood & Sons (Direct) Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The balance sheet as at 31 October 2024 shows net liabilities of £2,949. Despite this, the financial statements have been prepared on a going concern basis. The directors have considered the company's financial position, available funding, and forecasts for a period of at least 12 months from the date of approval of the financial statements. |
| The directors are confident that the company will be able to meet its liabilities as they fall due, based on the following: |
| Continued financial support from shareholders and/or group companies; |
| Positive cash flow forecasts; |
| Availability of external funding facilities, if needed. |
| Accordingly, the directors believe it is appropriate to prepare the accounts on a going concern basis. If the company were unable to continue in operational existence, adjustments would be required to reduce the value of assets to their recoverable amount and to provide for any further liabilities that might arise. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| S. THOROGOOD & SONS (DIRECT) LTD (REGISTERED NUMBER: 15681721) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 26TH APRIL 2024 TO 31ST OCTOBER 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed to group undertakings |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | 1 | 100 |
| 100 Ordinary shares of 1 each were allotted and fully paid for |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |