REGISTERED NUMBER: 00514602 (England and Wales)

THISTLETHWAITE & EDGAR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Thistlethwaite

Mrs E A Thistlethwaite

REGISTERED OFFICE:

23 Mythop Road

Lytham St Annes

Lancashire

FY8 4JD

REGISTERED NUMBER:

00514602 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

BANKERS:

Barclays Bank Plc

56 St. Annes Road West

St Annes on the Sea

FY8 2RW

FIXED ASSETS

Tangible assets

4

2,089

2,769

CURRENT ASSETS

Stocks

5

8,400

420

Debtors

6

26,009

1,834

Cash at bank

48

17,790

34,457

20,044

CREDITORS

Amounts falling due within one year

7

(32,020

)

(18,975

)

NET CURRENT ASSETS

2,437

1,069

TOTAL ASSETS LESS CURRENT LIABILITIES

4,526

3,838

CREDITORS

Amounts falling due after more than one year

8

(1,646

)

(3,646

)

PROVISIONS FOR LIABILITIES

10

(409

)

(526

)

NET ASSETS/(LIABILITIES)

2,471

(334

)

CAPITAL AND RESERVES

Called up share capital

325

325

Capital redemption reserve

2,125

2,125

Retained earnings

21

(2,784

)

SHAREHOLDERS' FUNDS

2,471

(334

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr J Thistlethwaite - Director

1.	STATUTORY INFORMATION

Thistlethwaite & Edgar Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised on the supply of goods to the customer excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including other creditors and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year 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 year 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 year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

22,144

DEPRECIATION

At 1 January 2024

19,375

Charge for year

680

At 31 December 2024

20,055

NET BOOK VALUE

At 31 December 2024

2,089

At 31 December 2023

2,769

5.

STOCKS

2024

2023

£

£

Stock

400

420

Work in progress

8,000

-

8,400

420

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,833

1,258

Other debtors

176

576

26,009

1,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,391

2,000

Trade creditors

2,628

3,475

Taxation and social security

10,292

10,878

Other creditors

15,709

2,622

32,020

18,975

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,646

3,646

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

3,646

5,646

Overdraft

1,390

-

5,036

5,646

Bank loans are secured by way of a Government backed loan.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

409

526

Deferred

tax

£

Balance at 1 January 2024

526

Provided during year

(117

)

Balance at 31 December 2024

409

11.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £14,134 (2023: £1,227) were outstanding at the year end. The amounts are repayable on demand.