Company Registration No. 11147971 (England and Wales)
Thurstan Limited
Unaudited accounts
for the year ended 31 January 2026
Thurstan Limited
Unaudited accounts
Contents
Thurstan Limited
Company Information
for the year ended 31 January 2026
Director
James Thurstan Waterworth
Company Number
11147971 (England and Wales)
Accountants
Practice London Limited
71-75 Shelton Street
London
WC2H 9JQ
Thurstan Limited
Statement of financial position
as at 31 January 2026
Tangible assets
32,868
37,460
Cash at bank and in hand
649,148
734,828
Creditors: amounts falling due within one year
(586,070)
(788,533)
Net current assets
494,908
281,841
Total assets less current liabilities
583,431
374,956
Creditors: amounts falling due after more than one year
-
(3,517)
Provisions for liabilities
Deferred tax
(7,542)
(8,672)
Net assets
575,889
362,767
Called up share capital
100
100
Profit and loss account
575,789
362,667
Shareholders' funds
575,889
362,767
For the year ending 31 January 2026 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 his 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 29 October 2026 and were signed on its behalf by
James Thurstan Waterworth
Director
Company Registration No. 11147971
Thurstan Limited
Notes to the Accounts
for the year ended 31 January 2026
Thurstan Limited is a private company, limited by shares, registered in England and Wales, registration number 11147971.
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.
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.
The accounts have been prepared under the historical cost convention.
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
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Thurstan Limited
Notes to the Accounts
for the year ended 31 January 2026
Investments in subsidiaries are measured at cost less accumulated impairment.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
28,614
29,584
21,234
79,432
At 31 January 2026
28,614
29,584
26,297
84,495
At 1 February 2025
9,856
21,548
10,568
41,972
Charge for the year
4,690
2,009
2,956
9,655
At 31 January 2026
14,546
23,557
13,524
51,627
At 31 January 2026
14,068
6,027
12,773
32,868
At 31 January 2025
18,758
8,036
10,666
37,460
5
Investments
Subsidiary undertakings
Valuation at 1 February 2025
55,655
Valuation at 31 January 2026
55,655
Subsidiary undertaking
At the reporting date the company held 100 ordinary shares in Thurstan Interior Design Ltd, representing 100% of its issued share capital, at a cost of £100. The subsidiary is incorporated in England and Wales and its registered office is Ground Floor Preachers Court, Charterhouse Square, London, England, EC1M 6AS.
Other investments
Other investments comprise a minority holding of 10% of the ordinary share capital of an unlisted company incorporated in England and Wales. The investment is held at cost less impairment, as its fair value cannot be measured reliably.
Amounts falling due within one year
Trade debtors
225,566
51,995
Accrued income and prepayments
12,568
11,736
Other debtors
151,378
225,690
Thurstan Limited
Notes to the Accounts
for the year ended 31 January 2026
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
203,517
210,425
Trade creditors
74,137
43,120
Taxes and social security
120,573
-
Other creditors
2,699
3,130
Deferred income
54,574
464,248
8
Creditors: amounts falling due after more than one year
2026
2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
James Thurstan Waterworth
Directors Overdrawn balance
(132,089)
138,930
132,100
(125,259)
(132,089)
138,930
132,100
(125,259)
10
Average number of employees
During the year the average number of employees was 15 (2025: 17).