29 February 2024 false No description of principal activity Taxfiler 2024.6 14631231 business:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14631231 2024-02-28 14631231 2024-02-29 2025-02-28 14631231 business:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 14631231 business:FilletedAccounts 2024-02-29 2025-02-28 14631231 2025-02-28 14631231 business:Director1 2024-02-29 2025-02-28 14631231 business:Director2 2024-02-29 2025-02-28 14631231 business:RegisteredOffice 2024-02-29 2025-02-28 14631231 2024-02-28 14631231 core:WithinOneYear 2025-02-28 14631231 core:WithinOneYear 2024-02-28 14631231 core:AfterOneYear 2025-02-28 14631231 core:AfterOneYear 2024-02-28 14631231 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 14631231 core:ShareCapital core:PreviouslyStatedAmount 2024-02-28 14631231 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 14631231 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-28 14631231 core:PreviouslyStatedAmount 2025-02-28 14631231 core:PreviouslyStatedAmount 2024-02-28 14631231 business:SmallEntities 2024-02-29 2025-02-28 14631231 countries:EnglandWales 2024-02-29 2025-02-28 14631231 core:FurnitureFittings 2024-02-29 2025-02-28 14631231 core:ComputerEquipment 2024-02-29 2025-02-28 14631231 core:FurnitureFittings 2024-02-28 14631231 core:ComputerEquipment 2024-02-28 14631231 core:FurnitureFittings 2025-02-28 14631231 core:ComputerEquipment 2025-02-28 14631231 2023-02-01 2024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 14631231 (England and Wales)
Theace Ltd Unaudited accounts for the period from 29 February 2024 to 28 February 2025
Theace Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Theace Ltd Company Information for the period from 29 February 2024 to 28 February 2025
Directors
Elise Giraud Marie-Laure Da Silva
Company Number
14631231 (England and Wales)
Registered Office
Winterton House First Floor West High Street Westerham TN16 1AQ England
Accountants
Nicholas Le Fort 1 Coppings Brook Cottages Coppings Road Leigh Kent TN11 8PP
- 3 -
Theace Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
7,689
948
Current assets
Debtors
5
327,774
105,272
Cash at bank and in hand
209,003
44,720
536,777
149,992
Creditors: amounts falling due within one year
6
(154,280)
(108,370)
Net current assets
382,497
41,622
Total assets less current liabilities
390,186
42,570
Creditors: amounts falling due after more than one year
7
9,510
9,156
Net assets
399,696
51,726
Capital and reserves
Called up share capital
2
2
Profit and loss account
399,694
51,724
Shareholders' funds
399,696
51,726
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Elise Giraud Director Company Registration No. 14631231
- 4 -
Theace Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
1
Statutory information
Theace Ltd is a private company, limited by shares, registered in England and Wales, registration number 14631231. The registered office is Winterton House First Floor West, High Street, Westerham, TN16 1AQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 29 February 2024 to 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 29 February 2024
475
639
1,114
Additions
-
8,097
8,097
At 28 February 2025
475
8,736
9,211
Depreciation
At 29 February 2024
71
95
166
Charge for the period
60
1,296
1,356
At 28 February 2025
131
1,391
1,522
Net book value
At 28 February 2025
344
7,345
7,689
At 28 February 2024
404
544
948
- 5 -
Theace Ltd Notes to the Accounts for the period from 29 February 2024 to 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
272,972
105,272
Other debtors
54,802
-
327,774
105,272
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,566
12,464
Trade creditors
-
73,691
Taxes and social security
146,461
22,215
Other creditors
3,253
-
154,280
108,370
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Amounts owed to group undertakings and other participating interests
(11,433)
(11,433)
Other creditors
1,923
2,100
Loans from directors
-
177
(9,510)
(9,156)
8
Average number of employees
During the period the average number of employees was 2 (2024: 2).
- 6 -