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
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
Theace Ltd
Statement of financial position
as at 28 February 2025
Cash at bank and in hand
209,003
44,720
Creditors: amounts falling due within one year
(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
9,510
9,156
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
Theace Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 28 February 2025
475
8,736
9,211
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
At 28 February 2025
344
7,345
7,689
At 28 February 2024
404
544
948
Theace Ltd
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
Amounts falling due within one year
Trade debtors
272,972
105,272
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
146,461
22,215
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
8
Average number of employees
During the period the average number of employees was 2 (2024: 2).