Registration number: 06871403

Thirstee Business (Southern) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Thirstee Business (Southern) Limited

Company Information

Director

Mr R Kitching

Registered office

The Hour House 32 High Street Rickmansworth WD3 1ER

Accountants

Cameron & Associates Limited The Hour House 32 High Street Rickmansworth WD3 1ER

Thirstee Business (Southern) Limited

(Registration number: 06871403)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	357,166	308,703
Current assets
Stocks	5	32,294	128,463
Debtors	6	770,384	819,491
Cash at bank and in hand		20,619	44,692
		823,297	992,646
Creditors: Amounts falling due within one year	7	(272,587)	(328,060)
Net current assets		550,710	664,586
Total assets less current liabilities		907,876	973,289
Creditors: Amounts falling due after more than one year	7	(597,794)	(603,729)
Net assets		310,082	369,560
Capital and reserves
Called up share capital	8	280,000	280,000
Retained earnings		30,082	89,560
Shareholders' funds		310,082	369,560

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2025
 

......................................... Mr R Kitching Director

Thirstee Business (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Hour House
32 High Street
Rickmansworth
WD3 1ER

These financial statements were authorised for issue by the director on 29 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. In relation to equipment free on loan that is repaired/replaced the cost of parts greater than £1,000 is capitalised.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

Goodwill

Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
	10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Thirstee Business (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 13).

Thirstee Business (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible Assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Plant & machinery £	Total £
Cost or valuation
At 1 February 2024	68,918	49,785	870,945	989,648
Additions	-	-	107,723	107,723
At 31 January 2025	68,918	49,785	978,668	1,097,371
Depreciation
At 1 February 2024	47,022	43,222	590,701	680,945
Charge for the year	3,284	6,563	49,413	59,260
At 31 January 2025	50,306	49,785	640,114	740,205
Carrying amount
At 31 January 2025	18,612	-	338,554	357,166
At 31 January 2024	21,896	6,563	280,244	308,703

5

Stocks

	2025 £	2024 £
Stock of goods for resale	32,294	128,463

6

Debtors

Current	2025 £	2024 £
Trade debtors	271,527	319,098
Amounts owed by related parties	498,279	500,393
Prepayments	578	-
	770,384	819,491

Thirstee Business (Southern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	15,000	7,000
Trade creditors	192,368	283,042
Taxation and social security	52,034	31,200
Accruals and deferred income	2,636	3,949
Other creditors	10,549	2,869
	272,587	328,060