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Company Registration No. 11310524 (England and Wales)
THYME1 LTD Unaudited accounts for the year ended 31 March 2025
THYME1 LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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THYME1 LTD Company Information for the year ended 31 March 2025
Director
Mrs.Mina AHMED
Company Number
11310524 (England and Wales)
Registered Office
123 EDWARD AVENUE LEICESTER LE3 2PE ENGLAND
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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THYME1 LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
100
100
Tangible assets
5
9,165
11,177
9,265
11,277
Current assets
Inventories
240
240
Cash at bank and in hand
334
350
574
590
Creditors: amounts falling due within one year
6
(17,587)
(17,523)
Net current liabilities
(17,013)
(16,933)
Net liabilities
(7,748)
(5,656)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(7,848)
(5,756)
Shareholders' funds
(7,748)
(5,656)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 25 December 2025 and were signed on its behalf by
Mrs.Mina AHMED Director Company Registration No. 11310524
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THYME1 LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
THYME1 LTD is a private company, limited by shares, registered in England and Wales, registration number 11310524. The registered office is 123 EDWARD AVENUE, LEICESTER, LE3 2PE, 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.
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.
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
18%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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THYME1 LTD Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
100
At 31 March 2025
100
Amortisation
At 1 April 2024
-
At 31 March 2025
-
Net book value
At 31 March 2025
100
At 31 March 2024
100
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
20,272
At 31 March 2025
20,272
Depreciation
At 1 April 2024
9,095
Charge for the year
2,012
At 31 March 2025
11,107
Net book value
At 31 March 2025
9,165
At 31 March 2024
11,177
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
17,587
17,523
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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