1 February 2024 false No description of principal activity Taxfiler 2024.6 11116145 business:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11116145 2024-01-31 11116145 2024-02-01 2025-01-31 11116145 business:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11116145 business:FilletedAccounts 2024-02-01 2025-01-31 11116145 2025-01-31 11116145 business:Director1 2024-02-01 2025-01-31 11116145 business:Director2 2024-02-01 2025-01-31 11116145 business:RegisteredOffice 2024-02-01 2025-01-31 11116145 2024-01-31 11116145 core:WithinOneYear 2025-01-31 11116145 core:WithinOneYear 2024-01-31 11116145 core:AfterOneYear 2025-01-31 11116145 core:AfterOneYear 2024-01-31 11116145 core:ShareCapital core:PreviouslyStatedAmount 2025-01-31 11116145 core:ShareCapital core:PreviouslyStatedAmount 2024-01-31 11116145 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-01-31 11116145 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-01-31 11116145 core:PreviouslyStatedAmount 2025-01-31 11116145 core:PreviouslyStatedAmount 2024-01-31 11116145 business:SmallEntities 2024-02-01 2025-01-31 11116145 countries:EnglandWales 2024-02-01 2025-01-31 11116145 core:PlantMachinery 2024-02-01 2025-01-31 11116145 core:MotorVehicles 2024-02-01 2025-01-31 11116145 core:FurnitureFittings 2024-02-01 2025-01-31 11116145 core:ComputerEquipment 2024-02-01 2025-01-31 11116145 core:IntangibleAssetsOtherThanGoodwill 2024-01-31 11116145 core:IntangibleAssetsOtherThanGoodwill 2025-01-31 11116145 core:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 11116145 core:PlantMachinery 2024-01-31 11116145 core:MotorVehicles 2024-01-31 11116145 core:FurnitureFittings 2024-01-31 11116145 core:ComputerEquipment 2024-01-31 11116145 core:PlantMachinery 2025-01-31 11116145 core:MotorVehicles 2025-01-31 11116145 core:FurnitureFittings 2025-01-31 11116145 core:ComputerEquipment 2025-01-31 11116145 core:AdditionsToInvestments 2025-01-31 11116145 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11116145 (England and Wales)
THRIFTED LIMITED Unaudited accounts for the year ended 31 January 2025
THRIFTED LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
THRIFTED LIMITED Company Information for the year ended 31 January 2025
Directors
KEMP, Jonathan Jonathan Geert Ashley Kemp
Company Number
11116145 (England and Wales)
Registered Office
3 Cliffside Trade Park Motherwell Way RM20 3XD England
Accountants
Your Cloud Accountant Limited The Keep Creech Castle Taunton Somerset TA1 2DX
- 3 -
THRIFTED LIMITED Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
2,072
2,762
Tangible assets
5
270,310
306,941
Investments
6
25,581
14,606
297,963
324,309
Current assets
Inventories
386,637
392,371
Debtors
7
127,022
53,994
Cash at bank and in hand
38,644
57,577
552,303
503,942
Creditors: amounts falling due within one year
8
(273,139)
(308,083)
Net current assets
279,164
195,859
Total assets less current liabilities
577,127
520,168
Creditors: amounts falling due after more than one year
9
(60,532)
(66,142)
Provisions for liabilities
Deferred tax
(74,490)
(61,094)
Net assets
442,105
392,932
Capital and reserves
Called up share capital
100
100
Profit and loss account
442,005
392,832
Shareholders' funds
442,105
392,932
For the year ending 31 January 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 15 October 2025 and were signed on its behalf by
KEMP, Jonathan Director Company Registration No. 11116145
- 4 -
THRIFTED LIMITED Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
THRIFTED LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11116145. The registered office is 3 Cliffside Trade Park, Motherwell Way, RM20 3XD, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Plant & machinery
At varying rates at cost
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
At varying rates at cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
- 5 -
THRIFTED LIMITED Notes to the Accounts for the year ended 31 January 2025
4
Intangible fixed assets
Other
£
Cost
At 1 February 2024
6,904
At 31 January 2025
6,904
Amortisation
At 1 February 2024
4,142
Charge for the year
690
At 31 January 2025
4,832
Net book value
At 31 January 2025
2,072
At 31 January 2024
2,762
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
129,823
15,000
138,237
143,606
426,666
Additions
-
-
2,089
142
2,231
At 31 January 2025
129,823
15,000
140,326
143,748
428,897
Depreciation
At 1 February 2024
21,789
7,938
50,174
39,824
119,725
Charge for the year
9,386
1,766
15,235
12,475
38,862
At 31 January 2025
31,175
9,704
65,409
52,299
158,587
Net book value
At 31 January 2025
98,648
5,296
74,917
91,449
270,310
At 31 January 2024
108,034
7,062
88,063
103,782
306,941
6
Investments
Other investments
£
Valuation at 1 February 2024
14,606
Additions
10,975
Valuation at 31 January 2025
25,581
- 6 -
THRIFTED LIMITED Notes to the Accounts for the year ended 31 January 2025
7
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
96,399
22,131
Accrued income and prepayments
15,223
16,463
111,622
38,594
Amounts falling due after more than one year
Other debtors
15,400
15,400
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,536
11,111
VAT
36,524
30,907
Obligations under finance leases and hire purchase contracts
28,164
5,236
Trade creditors
42,281
146,138
Taxes and social security
4,253
13,701
Other creditors
106,510
44,161
Loans from directors
46,871
56,829
273,139
308,083
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
28,106
16,987
Obligations under finance leases and hire purchase contracts
32,426
49,155
60,532
66,142
10
Average number of employees
During the year the average number of employees was 17 (2024: 17).
- 7 -